ORLANDO, Fla., Dec. 4, 2006 (PRIME NEWSWIRE) -- Gartner Application Integration And Web Services Summit -- NetManage, Inc. (Nasdaq:NETM), a software company that provides solutions for integrating, Web enabling and accessing enterprise information systems, today announced it has ranked among the world's foremost software and services providers in the Software Magazine Software 500 listing for the sixth consecutive year. The Software 500, now in its 24th year, ranked the world's largest software and services companies based on annual revenue from 2005.
NetManage secured its ranking on the list by delivering significant value to both customers and shareholders. The company announced new and renewed business in 2005 from such customers as Arizona Department of Economic Security, Alaska Airlines, MGM Studios, La Poste, American Stock Exchange, Fox Television, Newsweek, BNP Paribus, Yellow Roadway Technologies, Employers Direct Insurance Company, Honda Motor Company, California State University Long Beach, and the U.S. Department of Agriculture, among others.
The company also introduced new products NetManage OnWeb for iSeries and NetManage OnWeb Mobile and witnessed the continued customer migration to newer NetManage technologies, such as NetManage OnWeb and Librados Adapters. Additionally, NetManage successfully positioned itself to capture the growth and profit opportunities in the SOA market by leveraging extensive expertise in connectivity and integration for strategic product planning. Operationally, NetManage improved efficiencies, which resulted in a reduction in expenses and improvement in operating income.
"NetManage has been able to consistently secure a position among the top performing software companies in the world by providing customers with proven solutions that solve real-world, mission critical problems," said Zvi Alon, chairman, president and CEO of NetManage. "The consistent ranking in the Software 500 underscores the company's dedication to customer service and focus on innovation. We have continued to innovate in 2006 by responding to our customers' need for practical SOA solutions with the introduction of the NetManage SOA Planner, a server product that quantifies business critical user data to provide organizations with a blueprint and starting point for SOA deployments."
The Software 500, the best-known ranking in the industry, 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 purchasing software and services. The list includes revenues from both private and public companies. The searchable Software 500 on Softwaremag.com enables registered site visitors to identify the leading software and service providers by their category of business focus.
About NetManage
NetManage, Inc. (Nasdaq:NETM) is a software company that provides solutions for integrating, Web enabling and accessing enterprise information systems. More than 10,000 customers worldwide, including the majority of the Fortune 500, have chosen NetManage for mission critical application integration. For more information, visit www.netmanage.com.
NetManage, the NetManage logo, the lizard-in-the-box logo, Chameleon and Chameleon design, RUMBA, ONESTEP, ViewNow, SupportNow, Librados, and OnWeb are either trademarks or registered trademarks of NetManage, Inc. in the United States and/or other countries. All other trademarks are the property of their respective owners.
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This press release contains, in addition to historical information, forward-looking statements that involve risks and uncertainties, including statements regarding improvement in the Company's competitive position, improvement in financial results and business pipeline, the Company's positioning in its market, and the progress and benefits of the Company's execution on its business plan. The Company's actual results could differ materially from the results discussed in the forward-looking statements. The factors that could cause or contribute to such differences include, among others, that competitive pressures continue to increase, that the markets for the Company's products could grow more slowly than the Company or market analysts believe, that the Company is unable to integrate or take advantage of its acquisitions successfully, or that the Company will not be able to take advantage of growth in the Company's target markets. Additional information on these and other risk factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K, Forms 10-Q, Forms 8-K and other documents filed with the Securities and Exchange Commission.