Starbase Named to Software Magazine's 20th Annual Software 500; Starbase's Rising Software and Services Revenue Earns Position in the Top 300
August 20, 2002 08:15:00 AM ET
SANTA ANA, Calif., Aug. 20 /PRNewswire-FirstCall/ -- Starbase Corporation SBASD, a leading provider of enterprise application management solutions designed to speed the software development lifecycle, today announced that it has been named for the fifth consecutive year to Software Magazine's annual ranking of the world's foremost software and services providers, the Software 500. Starbase ranked number 275 with calendar year 2001 worldwide software and services revenues of $50.1 million, as featured in the publication's Summer Edition 2002 issue.
"Although IT spending was slow last year, many software product and service suppliers did do well," says John Desmond, Software Magazine's editorial director. "Companies who can deliver rapid return on investment for their customers with focused product offerings had better results. CIOs and senior IT managers can peruse this yearly benchmark to see how their product and service partners fared. That's a valuable service."
In the five years that Starbase has held a position on the elite listing, the Company has moved from an original ranking of 493 in 1997 with software revenue of $1.2 million to a position within the Top 300 in 2002.
"We are honored to be named to the Top 500 again this year," said Jim Harrer, president and CEO of Starbase. "Our development and service efforts have been focused on serving the corporate enterprise, and I believe this has contributed to our recognition as a leading application solution provider. Our focus will continue to be on improving productivity and delivering a clear ROI with a lower cost of ownership, enabling the Company to continue meeting the needs of our customers."
The Software 500 is a comprehensive look at the software industry targeting enterprise IT organizations with software and services. The list includes both private and public companies. The Software 500 is a worldwide list in that it is open to any company to submit financial and product information via the annual Software 500 survey which, for the first time this year, was conducted 100% on the Web by The Standish Group, a research and analyst firm based in Yarmouthport, Mass.
The ranking is based on total worldwide software and service revenue for 2001. This includes revenues from software licenses, maintenance and support, training, and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. Companies are measured on calendar year revenues whenever possible to compare the same four quarters; fiscal year exceptions are noted. The financial information was gathered by a survey prepared by the Standish Group with King Content Co. and posted at www.softwaremag.com , as well as from public documents. All the charts are based on the survey results.
The Software 500 ranking is first published in print and later posted to www.softwaremag.com . An announcement of when the Software 500 will be posted online will be forthcoming soon.
About Software Magazine and Wiesner Publishing LLC
Software Magazine reaches 75,000 CIOs and senior IT managers in mid- to large-size organizations. Editorially the magazine is focused on the top 10 business priorities of its audience as determined by leading industry research firms. The magazine is a field guide to the products and services available to help its readers create a short list of vendors to consider for solving business problems. The BPA-audited magazine has a controlled print circulation of 75,000. Software Magazine is produced by a partnership of Wiesner Publishing, Englewood, Colo. ( www.wiesnerpublishing.com ), and King Content Co., E. Walpole, Mass. ( www.king-content.com ).
About Starbase
Starbase Corporation provides enterprise management solutions that address the full software development lifecycle. The company leverages its enterprise software solutions and key partnerships with established industry leaders to deliver an end-to-end management solution. The combined approach of leading technology, best-fit solutions and professional implementation services enables Starbase customers to speed the application development process, resulting in improved bottom-line performance.
More than 4,200 customers, including AIG and CAE have embraced the Starbase solutions and services methodology to meet their business objectives. For more information about Starbase and its 11 year history, please visit the company's website at www.starbase.com .
Forward Looking Statements
When used in the preceding discussion, the words "believes, expects, or intend to" and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, (i) conditions in the general economy or the software industry, (ii) the timely development and market acceptance of products and technologies, (iii) competitive factors, (iv) demand for team productivity software products, (v) sell-through of products in the sales channel, and (vi) other risks described in Starbase Corporation's SEC reports and filings.
For further information, please contact Martha Ray, Director, Corporate Communications of Starbase Corporation, +1-714-445-4531, Martha.Ray@starbase.com; or media, Anna-Marie Claassen, annamarie@lages.com, or Kerry Fedro, kerry@lages.com, both of Lages & Associates, +1-949-453-8080, for Starbase Corporation. |
