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For the Third Year in a Row, Software Magazine Ranks Tenrox as one of the World's Largest Software Companies Tenrox, the Integrated Operational Control and Compliance Software Company, today announced its third consecutive spot on the Software 500, the Software Magazine's list of the world's foremost software and services providers. “IT spending continued to be slow through the period measured by the 2003 Software 500. While the list has changed substantially with additions and deletions, certain niches paid off,” says John Desmond, Softwaremag.com's Editorial Director and Publisher. "It was a year for IT professionals to try to salvage ROI from software and service investments they had made, since big new projects were out of favor. Our online catalog to enterprise software helps CIOs, senior IT managers and IT staff research their partner options. That's a valuable service.” “We appreciate the recognition we have received from Software Magazine” explained Rudolf Melik, President and CEO of Tenrox, “Our current and projected growth rates ensure our continued membership in this distinguished group of the World's software companies.” The Software 500 is a comprehensive look at the software industry targeting enterprise IT organizations with software and services. The list includes both private and public companies. The Software 500 is a worldwide list in that it is open to any company to submit financial and product information via the annual Software 500 survey, conducted 100% on the Web with help from The Standish Group, a research and analyst firm based in Yarmouthport, Mass. The ranking is based on total worldwide software and service revenue for 2002. 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. 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 Softwaremag.com, The IT Software Journal Softwaremag.com, The IT Software Journal, is the Web publishing effort of Software Magazine, a 20-year brand name in the industry, 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 21st year. Softwaremag.com is produced by King Content Co., the Web content development and publishing firm run by John P. Desmond, which acquired the product in 2003. About Tenrox Tenrox empowers client companies to meet the challenges of globalization, enterprise fragmentation and increased regulatory scrutiny. Available on-demand or on-premises, Tenrox solutions have served more than 800 organizations in 50 countries, maximizing efficiency, data security and reliability. Since 1995, Tenrox has served organizations such as Rio Tinto Alcan, E*TRADE Securities , First National Bank, Visa, Hydro Quebec, Invensys Systems Canada, Major Drilling, Pioneer Natural Resources, US Army, The Pentagon, Talisman Energy, University of Michigan, Northrop Grumman, Oxfam, Thermo Fisher Scientific, Estee Lauder and Wyeth. Tenrox software is available through direct sales channels and a network of worldwide partners. For more information about the company or its award-winning family of products, go to www.tenrox.com. Media Contact:
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