Software Magazine Ranks ValueLabs As One Of The World's Largest Software Companies

ValueLabs, a global IT services company, named to Software Magazine's 30th Annual Software 500

Hyderabad (I-Newswire) September 25, 2012 - ValueLabs, a global IT services company today announces its inclusion in Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 30th year.

ValueLabs was ranked 388, with software revenue of $30.1 million in FY 2011.

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 2011. This includes revenue from software licenses, maintenance and support, training, and software-related services and consulting. Suppliers are not ranked on total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by Rockport Custom Publishing, LLC. and posted at www.softwaremag.com, as well as from public documents.

"ValueLabs is happy to be one of the top Software 500 companies. With our projected growth in excess of the industry average, we are sure to move up the ranking ladder," said Ram Manjeri, SVP, Sales & Marketing, ValueLabs. "We owe this recognition to our unwavering focus on two key stakeholders – clients and employees. We take a long-term view to every client relationship, and invest time and effort that we know is required for the relationship to mature. We treat all our employees with warmth and dignity, and our unique culture engenders a strong sense of achievement and bonding within the teams, evolving into a fruitful association."

"The 2012 Software 500 results show that revenue growth in the software and services industry was again healthy, with total Software 500 revenue of $643.6 billion worldwide for 2011, representing approximately 17 percent growth from the previous year's list," says John P. Desmond, editor, Software Magazine.

"The Software 500 helps CIOs, senior IT managers, and IT staff research and create the short list of business partners," says Desmond. "It is a quick reference of vendor viability. And the online version, to be posted soon at www.softwaremag.com, is searchable by category, making it what we call the online catalog to enterprise software."

About Software Magazine and Rockport Custom Publishing

Software Magazine (www.softwaremag.com) has been a brand name in the high-tech industry for more than 36 years. Softwaremag.com, its Web counterpart, is the online guide 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 Rockport Custom Publishing.

Rockport Custom Publishing (www.rockportpubs.com) is a leading integrated media company focusing on technology.

About ValueLabs

ValueLabs (www.valuelabs.com) is a global IT services company offering technology consulting, software product development, testing and knowledge process outsourcing services. The company was setup in 1997 with a vision to deliver value to clients worldwide using an effective Global Delivery Model. ValueLabs' core competency is in building "Extended Teams" in India that are dedicated to the client, based on their specific requirements that consistently deliver quality services and in due course become a seamless extension of the client delivering clear competitive advantage beyond traditional cost-efficiencies.