SOURCE: Tideway Systems

October 11, 2007 09:38 ET

Tideway Systems Named to Software Magazine's Software 500

NEW YORK, NY--(Marketwire - October 11, 2007) - Tideway Systems, the independent leader in application dependency mapping for enterprises, today announced its inclusion within Software Magazine's 25th Annual Software 500 ranking of the world's largest software and service providers.

Tideway's recognition as one of the world's leading software companies comes on the heels of a year filled with growth and innovation. Following a series of high profile contract signings this year and in 2006, the company recently opened offices in New York, Charlotte, Chicago, Boston, Copenhagen and Frankfort and expanded staffing levels by 53% to exceed 100 employees worldwide. Scheduled for release October 30th, Tideway will also be unveiling Tideway Foundation 7.0, the latest and most sophisticated version of the company's flagship Application Dependency Mapping product.

"We are honored to be included in Software Magazine's top 500," says Richard Muirhead, CEO of Tideway Systems. "Tideway's recognition among the 500 largest software companies in the world is an important milestone in a year of significant growth for us. Being recognized on this prestigious list is a reflection of the health of the company as well as the software industry as a whole."

"The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007, the ranking year," says 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. It is a quick reference of vendor viability. That is content of value."

Some 37 percent of the 2006 Software 500 companies are privately held.

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 2007 Software 500 ranking is based on total worldwide software and services revenue for 2006, including revenues from software licenses, maintenance and support, training and software-related services and consulting. Financial information is gathered through 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 King Content Co. and the Software Marketing Perspectives Conference & Expo

King Content Co., owner of Software Magazine, is holding a one-day Software Marketing Perspectives Seminar & Expo at the Hyatt Regency Austin on Town Lake, on Oct. 23, 2007. To register, go to www.smpevent.com. The event offers a spin-free zone where VPs and directors of technology product management, primarily from the software industry, can share experiences and network with each other.

The fourth annual Software Marketing Perspectives Conference & Expo will be held at the Santa Clara Convention Center, Santa Clara, Calif., from May 7-9, 2008. Watch the event Web site for program information.

About Tideway Systems

Tideway Systems™ is the independent leader in application dependency mapping for enterprises. Tideway's flagship product, Foundation, provides essential transparency of data center configuration and dependencies, makes configuration management as simple as search and counts among its customers British American Tobacco, British Telecom (BT), BSkyB, Co-operative Bank, Dimension Data, Dresdner Kleinwort, GlaxoSmithKline (GSK), ING, JCB, Linklaters, LogicaCMG, Mizuho Bank Ltd. and Wachovia.

Tideway Systems is a privately held company with offices in the UK, USA, Denmark and Germany. See www.tideway.com for further information.

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