CUPERTINO, Calif., June 18, 2007 (PRIME NEWSWIRE) -- NetManage, Inc. (Nasdaq:NETM), a software company that provides the fastest way to transform legacy applications into new Web-based business solutions, today announced that it has been named to the 2007 VARBusiness 500. This marks the first time that NetManage has been included in the definitive list of the biggest and best solution providers in the North American IT reseller channel.
"NetManage is dedicated to continuously providing our extensive global channel partners with the most comprehensive integration solutions," said Zvi Alon, chairman, president and CEO at NetManage, Inc. "The recognition by the VARBusiness 500 confirms our commitment to providing practical legacy solutions through distinguished partners."
The VARBusiness 500 ranks companies that are the leading revenue producers among solution provider organizations in North America and plays a critical role in providing the proper IT strategies and systems to corporations and institutions to help drive business forward. This year's VARBusiness 500 has a combined value of $344 billion, an 18.7 percent increase over the 2006 list. The VARBusiness editorial team changed the list methodology for the first time in its twelve-year history this year. By moving the vendor services arms of organizations to a separate list, they created a purer listing of the 500 and welcomed 113 new companies to the list. The threshold for inclusion on the list rose to nearly $25 million, up from the 2006 threshold of $21 million. This year's list also brought more billion-dollar companies to the list than in years past.
About NetManage
NetManage, Inc. (Nasdaq:NETM) is a software company that provides the fastest way to transform legacy applications into new Web-based business solutions. 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.
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NetManage, the NetManage logo, the lizard-in-the-box logo, Incremental SOA, OnWeb, Librados, RUMBA, ONESTEP, ViewNow, SupportNow, Chameleon and Chameleon design, 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.
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.