Press Releases

INDIANAPOLIS- Iasta, a global provider of strategic eSourcing and spend management solutions, today announced its inclusion in Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 29th year.

Iasta, which is now celebrating its fourth consecutive appearance on the list, was ranked 458 on this year's list. 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.

"Iasta is honored to be named as one of the world's largest software companies," said David Bush, CEO of Iasta. "We now have more than 150 global clients that are using our solutions to drive hard-dollar savings, strengthen their supply base, manage compliance and engage in more strategic conversations with key stakeholders."

"The 2011 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $541.5 billion worldwide for 2010, representing approximately 10 percent growth from the previous year's list," said John P. Desmond, editor of Software Magazine and Softwaremag.com.

"The Software 500 helps CIOs, senior IT managers, and IT staff research and create the short list of business partners," Desmond says. "It is a quick reference of vendor viability. And the online version, to be posted soon at www.softwaremag.com, is searchable by category, making it what we call the online catalog to enterprise software."

Some 27 percent of the 2011 Software 500 companies are privately held. More than 100 companies are on the list in 2011 for the first time, a reflection of the dynamic nature of the industry.

Go to www.softwaremag.com/register to subscribe to be among the first to see the 2011 Software 500. It is being released first in the digital publication, to be distributed in late September.

The ranking is based on total worldwide software and services revenue for 2010. This includes revenue 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 www.softwaremag.com, as well as from public documents.


To learn more about Iasta, please visit www.iasta.com.

About Iasta
Founded in 2000, Iasta equips sourcing and procurement teams with the tools to fortify their organizations' bottom-line results. Iasta's sourcing and spend management solutions help companies strengthen their supply bases, increase sourcing efficiency, manage compliance and drive hard-dollar savings. Iasta has more than 150 global clients that are cutting costs by running hundreds of sourcing projects through Iasta's SmartSource SRM®. Iasta's spend analysis solution, SmartAnalytics®, is the foundation for all sourcing projects, and provides users with comprehensive and detailed access to the entire organization's purchasing data. Tailored to meet our clients' unique and evolving business needs, both SmartSource SRM and SmartAnalytics help teams uncover and run more sourcing projects - often resulting in 30% overall cost reductions and compliance. In addition, clients working with the Iasta Consulting Group for Procurement Transformation engagements often realize an ROI of 15:1 or greater.

About Digital Software Magazine and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for more than 35 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. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

Iasta continuously attends, exhibits and hosts Spend Management related conferences throughout the year to expand our network with other sourcing professionals and stay current with the latest industry knowledge and best practices.

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