EXTON, Pa.
--(BUSINESS WIRE)--Sept. 21, 2004--Lighthammer(R), the leading supplier of Collaborative Manufacturing solutions for Operational Excellence, today announced its inclusion on the Software 500, Software Magazine's list of the world's foremost software and services providers, published as an online catalog on www.Softwaremag.com.Lighthammer was ranked 455, with a 320% increase in revenues over 2002 and is on track to better that performance in 2004.
"We're pleased to be recognized by Software Magazine in their annual survey of the 500 largest software companies. The fact that we have achieved tremendous growth while remaining profitable is a tribute to the value that our software delivers to the world's leading manufacturing companies. We expect similar growth over the next 3 years," stated Russell Fadel, CEO of Lighthammer." The software industry remains extremely dynamic, with 140 new companies appearing on the 2004 Software 500 list. Overall results were mixed but total revenue for the 500 was up 14% and total employment up 8%," says John P.
Desmond, Editor of Software Magazine and Softwaremag.com. "Sectors strong this year include security, business process management and system integration services including outsourcing services. Site visitors will notice changes to the Software 500 online this year that make it easier to navigate.
Our aim is to help CIOs, senior IT managers and IT staff research their partner options and that is a valuable service." The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting enterprise IT organizations. The list includes both private and public companies; 30% of the 2004 Software 500 companies are private. The Software 500 is a worldwide list in that any company may submit financial and product information via the annual Software 500 survey, conducted 100% on the Web.The ranking is based on total worldwide software and service revenue for 2003.
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 www.Softwaremag.com, as well as from public documents.Lighthammer's Collaborative Manufacturing Suite is a web services-based platform that speeds the development and deployment of the complete range of manufacturing operational excellence applications.
It connects to all data sources that impact manufacturing decision-making including automation systems, databases and business systems and provides: unified visibility, real-time KPIs and Alerts, Quality analytics, visual authoring of operational workflows, and synchronization of plant and enterprise processes. Lighthammer's short time to benefit creates immediate impact to any manufacturing organization. About Softwaremag.com, The IT Software Journal Softwaremag.com, The IT Software Journal, is the Web publishing effort of Software Magazine, a brand name in the industry for over 20 years.
Softwaremag.com 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 22nd year. Software Magazine and Softwaremag.com are owned and operated by King Content Co., the Web content development and publishing firm run by John P.
Desmond.
About Lighthammer(R)
Lighthammer, a privately held corporation headquartered in Exton, PA., is the leading supplier of Manufacturing Intelligence and Collaborative Manufacturing software products. Lighthammer's Collaborative Manufacturing Suite, combines Illuminator(TM), the market leading Manufacturing Intelligence Server, with Xacute(TM), its revolutionary Collaborative Execution engine. This unique convergence provides global manufacturers with all of the capabilities required to develop and deploy Operational Excellence and real-time performance management applications.
Lighthammer software is currently in use at hundreds of companies worldwide and has been selected by more than 100 of the Fortune 500 manufacturers as their Collaborative Manufacturing solution.Further information on Lighthammer and its products can be found at www.lighthammer.com .Lighthammer's Global Headquarters are now located at:350 Eagleview BoulevardSuite 110Exton, Pennsylvania 19341