SAN CLEMENTE, Calif., Sept. 22, 2004 (PRIMEZONE) -- California Software Corporation (Pink Sheets:CSWP), a leader in Legacy Extension, Business Intelligence and loan production software for banks, credit unions and consumer lending institutions, and developer of the award-winning BABY, Unibol, and INFINITE product lines, announced its inclusion on the Software 500, Software Magazine's list of the world's foremost software and services providers.
"We are delighted to be recognized as one of the world's foremost software and services companies. In the past year, we have increased our rank on the Software 500 based on our growth rate of approximately 30% during calendar 2003. Obviously, we are very pleased with this achievement and the recognition provided by Software Magazine," said Carol Conway, president, California Software.
"The software industry remains extremely dynamic, with 140 new companies appearing on the 2004 Software 500 list. Overall results were mixed, but total revenue for the 500 was up 14% and total employment up 8%," says John P. Desmond, Editor of Software Magazine and Softwaremag.com. "Sectors strong this year include security, business process management and system integration services including outsourcing services. Site visitors will notice changes to the Software 500 online this year that make it easier to navigate. Our aim is to help CIOs, senior IT managers and IT staff research their partner options and that is a valuable service."
The ranking is based on total worldwide software and service revenue for 2003. 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.
About California Software Corporation
California Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The company's products are marketed under the brand names BABY, Unibol, INFINITE and LPS. California Software enjoys over 100,000 installations in 56 countries.
About Softwaremag.com, The IT Software Journal
Softwaremag.com, The IT Software Journal, is the Web publishing effort of Software Magazine, a brand name in the industry for over 20 years. Softwaremag.com 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 22nd year. Software Magazine and Softwaremag.com are owned and operated by King Content Co., the Web content development and publishing firm run by John P. Desmond.