Business Services Industry
TechSmith Moves Up in the Top 500 Software Companies Worldwide
Business Wire, Oct 24, 2007
TechSmith Jumps 27 Spots in Software Magazine's Annual Ranking
OKEMOS, Mich. -- Software Magazine has again ranked TechSmith Corporation among the world's 500 largest software and service providers. At number 322, TechSmith has moved up 27 spots in this year's Software 500 ranking, and its growth continues to outpace nearly two-thirds of the software industry.
"TechSmith's rapid growth clearly demonstrates that Michigan has everything a software company needs to thrive," says William Hamilton, President of TechSmith. "We have the necessary prerequisites of Internet connectivity, IT infrastructure and the creative population that allows us to create successful companies in this community."
"The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007, the ranking year. The industry continues to be dynamic with more than 98 new companies on the list this year for the first time," said John P. Desmond, editor of Software Magazine and Softwaremag.com. "Total employee head count is up 14.7% from the previous year's Software 500, reversing the decline of last year. In addition, about 73% of the Software 500 companies saw revenue growth in 2006."
TechSmith is the largest software development company in mid-Michigan. More than seven million people worldwide use TechSmith products -- SnagIt, Camtasia Studio, Morae and UserVue.
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. It is based on total worldwide software and services revenue for 2006, and 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. and posted at www.Softwaremag.com, as well as from public documents.
About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for nearly 30 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, now in its 25th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
About TechSmith Corporation
Founded in 1987, TechSmith Corporation provides practical business software tools and services. TechSmith's solutions enable users to capture, record and enhance digital content from their computer screens so they can share information and knowledge in compelling multimedia formats, and allow others to observe, analyze and learn from their experiences. TechSmith products are used by 99 percent of the Fortune 500. Visit www.techsmith.com for more information.
TechSmith, Camtasia, Camtasia Studio, DubIt, EnSharpen, Morae, and SnagIt are registered trademarks, and UserVue, Screencast.com, and Rich Recording Technology (RRT) are trademarks, of TechSmith Corporation. All other trademarks and registered trademarks are the properties of their respective companies. (c)2007 by TechSmith Corporation. All rights reserved.
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