SOURCE: Telcordia

September 22, 2009 08:00 ET

Telcordia Honored for Growth and Recognized as One of World's Largest Software Companies by Software Magazine

Company Scores Two Top-10 Rankings in Software 500 List Due to 200%-Plus Revenue Growth

PISCATAWAY, NJ--(Marketwire - September 22, 2009) - Telcordia, a global leader in the development of IP, wireline, and mobile telecommunications software and services, today announced that the company was honored for its strong financial performance and revenue growth by Software Magazine. The publication recognized Telcordia in its annual Software 500 ranking of the world's largest software and service providers. This year's ranking represents a more than 200% growth rate from Telcordia's ranking last year.

In its 27th year, 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. Telcordia will be featured in two growth charts: the Top 10 in Overall Software & Services Growth and Top 10 in Companies $100 Million - $1 Billion in Revenue categories.

"Telcordia continues to solidify the company's steady growth in the face of global economic challenges that have affected every company in 2009's rankings," said Mark Greenquist, CEO, Telcordia. "Our ranking is a true testament to Telcordia's strength in providing value-added solutions that enable new service delivery, enhance quality of service and increase subscriber satisfaction levels as we continue to help our customers grow their bottom line."

"The Software 500 helps CIOs, senior IT managers, and IT staff research and create a short list of business partners, and serves as a quick reference of vendor viability," says John P. Desmond, editor of Software Magazine and Softwaremag.com. "With its regular inclusion in the rankings, Telcordia has demonstrated a track record of success over the years and belongs on any short list of business partners."

The ranking is based on total worldwide software and services revenue for 2008. 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.

For more information about Telcordia visit www.telcordia.com.

About Telcordia

Telcordia, a global leader in the development of fixed, mobile and broadband communications software and services, enables Communications Service Providers (CSPs), enterprises, suppliers and government entities to successfully deploy innovative and advanced services that help our clients realize operational efficiencies, drive revenue, and maintain a competitive edge in the new era of services-dominated communications. Telcordia has globally trusted expertise in software and services to meet the needs of customers and partners, including, consulting, next-generation OSS, network and application interconnection, service delivery and charging solutions, industry research and new technology development. Telcordia is headquartered in Piscataway, N.J., with offices throughout North America, Europe, Asia, Central and Latin America. (www.telcordia.com)

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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 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. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

Contact Information

  • Contacts:
    Sharon Oddy
    Telcordia Technologies, Inc.
    +1 732-699-4203
    Email Contact

    Daniel Rhodes or Yasmin Ezaby
    GRC for Telcordia
    +1 949-608-0276
    Email Contact

    Software 500 Contact:
    Tracy Kunichika
    Software 500 Project Leader
    Email Contact