VA Software Named to the 22nd Annual Software 500
Software Magazine ranks VA Software as one of the world's leading software companies
Fremont, California September 23, 2004 VA Software Corporation (Nasdaq: LNUX), a leading provider of software, information and community support for IT and development professionals, has been selected for inclusion in Software Magazine's 2004 Software 500 list. The company ranked #321 in the survey of top software and services firms worldwide.
"This accolade reflects the continued success of SourceForge Enterprise Edition, our application for optimizing and managing distributed development. By being highly responsive to customer needs and continuing to enhance our enterprise solution, we are able to help Fortune 1000 firms and government agencies address the challenges of distributed development on a global scale," said Ali Jenab, president and CEO, VA Software.
"The software industry remains extremely dynamic, with 140 new companies appearing on the Software 500 list. Overall results were mixed but total revenue for the 500 was up 14% and total employment up 8%," said 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.
About VA Software
VA Software (Nasdaq: LNUX) is at the center of today's technology revolution and incites innovation by empowering the IT and developer communities with information, community support and software. VA Software is the parent company of OSTG (Open Source Technology Group), formerly OSDN, and the creator of SourceForge. SourceForge.net is the global nexus for the Open Source community with more than 87,000 Open Source projects and over 900,000 registered users. SourceForge Enterprise Edition is an enterprise-grade version of SourceForge for optimizing and managing distributed development within the enterprise.
OSTG, the cornerstone of the Open Source movement, is the leading online network for IT managers and development professionals. OSTG technology-focused sites include Slashdot.org, SourceForge.net, ITManagersJournal.com, NewsForge.com, Linux.com and freshmeat.net. OSTG also runs ThinkGeek.com, an online retailer of technology products, and the MediaBuilder network, featuring AnimationFactory.com. OSTG reaches more than 16 million visitors every month and delivers more than 250 million page views.
For more information about VA Software, visit www.vasoftware.com. For more information about OSTG, visit www.ostg.com.