Captaris Named One of Top 500 Companies on Annual Software 500 List
October 12 2007 - 8:12PM
PR Newswire (US)
Software Magazine Once Again Ranks Captaris as One of the World's
Foremost Software Companies BELLEVUE, Wash., Oct. 12
/PRNewswire-FirstCall/ -- Captaris, Inc. (NASDAQ:CAPA), a leading
provider of software products that automate document-centric
business processes, today announced that it was named one of the
top 500 software companies in Software Magazine's 25th Annual
Software 500 list. Captaris ranked at number 225 with software and
services revenue up 8.9 percent to $70.6 million. According to John
Desmond, editor of Software magazine and softwaremag.com, "The 2007
Software 500 results show that growth in the software and services
industry was healthy from 2006 to 2007 (the ranking year). The
industry continues to be dynamic with more than 98 new companies on
the list this year, for the first time." According to Desmond, the
top four business sectors this year are System Integration
Services/IT Consulting, Application Development, Financial
Applications and Security Tools/Systems. "The difficulty that
companies have in developing and keeping their own IT skilled
workers, may be driving demand for services firms," said Desmond.
"We're very pleased to be recognized on this prestigious list by
Software magazine again this year," said Paul Yantus, Captaris
executive vice president of Marketing and Product Development.
"This ranking is also recognition by our customers and partners
that Captaris products are successfully automating critical
business processes -- from document capture and delivery to
workflow, document archiving and retrieval. These products will
continue to provide a solid foundation for the company's continued
growth in the U.S. and globally." Desmond also noted that total
employee head count is up 14.7% from the previous year's Software
500, reversing the decline noted last year. "In addition, about 73%
of the companies on the Software 500 list noted revenue growth in
2006," he added. The Software 500 is a revenue-based ranking of the
world's largest software and services suppliers targeting medium to
large enterprises, their IT professionals, software developers and
business managers involved in software and services purchasing. The
ranking is based on total worldwide software and services revenue
for 2006. 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.
The financial information was gathered by a survey prepared by King
Content Co. and posted at http://www.softwaremag.com/, as well as
from public documents. About Captaris Inc. Captaris, Inc. is a
leading provider of software products that automate business
processes, manage documents electronically and provide efficient
information delivery. The products of Captaris and its subsidiary
Castelle, including Captaris RightFax, Captaris Workflow, Captaris
Alchemy and the Castelle FaxPress line of products, are distributed
through a global network of leading technology partners. We have
customers in financial services, healthcare, government and many
other industries, and our products are installed in all of the
Fortune 100 and many Global 2000 companies. Headquartered in
Bellevue, Washington, Captaris was founded in 1982 and is publicly
traded on the NASDAQ Global Market under the symbol CAPA. For more
information please visit http://www.captaris.com/. About Digital
Software Magazine, the Software Decision Journal, and
Softwaremag.com Digital Software Magazine, the Software Decision
Journal, has been a brand name in the high-tech industry for nearly
30 years. Softwaremag.com, its Web counterpart, is the online
catalog to enterprise software and the home of the Software 500
ranking of the world's largest software and services companies, now
in its 25th year. Software Magazine and Softwaremag.com are owned
and operated by King Content Co. The following are registered
trademarks and trademarks of Captaris: Captaris, Alchemy, RightFax
and Captaris Workflow. FaxPress is a trademark of Castelle. All
other brand names and trademarks are the property of their
respective owners. DATASOURCE: Captaris, Inc. CONTACT: Mark
Littrell of Captaris, +1-425-638-4136, , or Barrie Locke of Ripple
Effect Communications, +1-617-536-8887, , for Captaris, Inc. Web
site: http://www.captaris.com/ http://www.softwaremag.com/
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