October 11, 2007

Itransition is named to the 2007 Software 500 as one of the world’s largest outsourcing providers. The Software 500 is an annual revenue-based ranking of largest software and service providers in the world targeting medium to big businesses. Itransition Software is the only European company in the list delivering business application development services.

“The Software 500 is the shortlist of business partners for CIOs, senior IT managers and IT staff research,” says John P. Desmond, editor of Software Magazine and Softwaremag.com. “It is a reference of vendors one can trust, providing valuable content.”

“The Software 500 ranking starts out based on revenue, from software license sales and from services. We also ask each responding company to cite its primary software business sector. We have 38 categories now,” Desmond says.

There are more than 98 new companies on the list this year, with Itransition Software one of them. This year’s top industries, in which work world’s leading companies, including Itransition, are System Integration Services/IT Consulting, Application Development, Financial Applications and Security Tools/Systems.

“It is maturity of management and production processes, high quality standards, multilanguage personnel skills, as well as deep understanding of the company vision by employees, that let us provide excellent services both for the European, US and Canadian markets and be eventually listed in the Software 500,” comments Sergey Gvardeitsev, CEO of Itransition Software, on the award.

Software Magazine is the bimonthly print and online journal targeted to buyers and influencers of high technology products and services for medium to large organizations, being in the high-tech industry for nearly 30 years. The magazine points its readers, CIOs and IT managers, to the products and services that can help them solve business problems. Softaremag.com, its web counterpart, is the home of the Software 500 ranking, now in its 25th year.