SAN CLEMENTE, Calif, Oct. 7, 2005 (PRIMEZONE) -- California Software Corporation (Pink Sheets:CSWX), a leader in Legacy Extension, Business Intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the award-winning BABY, Unibol, and INFINITE product lines, announced its inclusion in the Software 500, Software Magazine's list of the world's largest software companies.
"We are very pleased to be recognized by Software Magazine and to be named as one of the world's largest software companies. In the past year, we have increased our rank on the Software 500 based on our growth rate of over 30% during fiscal 2004. Obviously, we consider this achievement and the recognition provided by Software Magazine to be significant," said Bruce Acacio, CEO, California Software.
"The software industry remains extremely dynamic. Overall results were mixed but total revenue for the 500 was up 16.5% and total employment up 13.7%, says John P. Desmond, Editor of Software Magazine and Softwaremag.com. "Sectors strong this year include integration services and customer self-service. 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." Integration services and customer self-service help drive growth; Software 500 total revenue is up 16.5% from previous year; employee count is up 13.7%.
The ranking is based on total worldwide software and service revenue for 2004. 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.
About California Software Corporation
California Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The Company's products are marketed under the brand names BABY, Unibol, INFINITE and LPS. California Software enjoys over 100,000 installations in 56 countries.
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 23rd 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.
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CONTACT: California Software
Ian Bentley
Marketing/Communications
949-498-9300
investorrelations@calsw.com
www.californiasoftware.com