Wilton, CT, Oct. 31, 2006 � Allegient Systems today announced that the company has been named to Software Magazine�s list of the world�s foremost software and services providers. In the magazine�s Software 500 list, Allegient Systems earned a spot on the list at #419. The complete Software 500 list is published as an online catalog on www.Softwaremag.com.
While the Software 500 represents an elite group of companies, Allegient Systems is the only listed company with a dedicated focus of providing software solutions and services to the insurance industry.
John F. Kelly, CEO of Allegient, commented, �We are very proud to be included in the Software 500 and to be recognized among such an impressive group of software organizations. We believe that much of our success can be attributed to our dedication to and singular focus in the insurance industry. I thank Software Magazine for this honor and the entire Allegient team for their unwavering commitment to providing exemplary products and services to our insurance industry client community.�
Charles Hanemann, Managing Director at H.I.G Capital (www.higcapital.com), Allegient�s parent company, added, �We congratulate Allegient on their success. Being named to the Software 500 is continued validation of HIG�s strategy of developing leading mid-market software providers into market leaders.�
�The 2006 Software 500 results show that growth in the software and services industry was flat from 2004 to 2005, the ranking year. The industry continues to be dynamic with more than 90 new companies on the list this year,� says John P. Desmond, editor of Software Magazine and Softwaremag.com.
�The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners,� Desmond says. �It is a quick reference of vendor viability. That is content of value.�
About the Software 500
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. Go to www.myswmag.com to subscribe to digital Software Magazine and be among the first to see the 2006 Software 500. It is being released first in the digital publication. The online Software 500 on Softwaremag.com, to be posted at a later date, is searchable by primary business sector.
The ranking is based on total worldwide software and services revenue for 2005. 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 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 24th 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 the third annual Software Marketing Perspectives Conference & Expo at the Marriott Boston in Newton, Mass., May 23-25, 2007. A Call for Papers will be issued in October and will be open through the end of November. The SMP event brings together technology product managers, marketing communications and public relations professionals in a two-day conference program. Conference attendees aim to increase their personal success by learning from their peers and making connections. More information about the 2007 event will be coming soon.
About Allegient Systems
For more than 15 years Allegient Systems has been both pioneer and leader in providing legal expense and performance management systems and services that maximize the potential and the profitability of professional legal service relationships between law firms and corporate law departments or claims organizations.
Allegient�s web based offering delivers collaboration, efficiency and productivity to the litigation management process by using electronic invoicing, online bill review, budgeting, workflow management and a sophisticated rules engine. Allegient�s Business Intelligence capabilities � using Hyperion-based query and analytics tools – allow users to access, analyze and share data for the purpose of improving litigation expense, performance and outcome.
Allegient is headquartered in Wilton, CT and has sales and support facilities in Chicago, IL and Toronto, ON.
For additional information, please visit www.allegientsystems.com