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Software Magazine's Software 500 ranking, now in its 27th year, ranked Magic Software at rank 250, with software revenue of USD62m and a 6.1% growth rate.
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.
The ranking is based on total worldwide software and services revenue for 2008. This 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 http://www.Softwaremag.com, as well as from public documents.
Magic Software attributed it ranking to the increasing awareness and demand for its application platform; uniPaaS, and the company's code-free iBOLT business and process integration suite.
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