FRAMINGHAM, Mass., October 26, 2009 – In an effort to highlight applications vendors with revenues of less than $100 million who are adapting and innovating around current shifts in the software market, IDC has identified ten innovative applications companies under $100M to watch.
"IDC has projected 2009 as a year of accelerated adoption of new business models for applications, including software as a service and open source, as well as Web 2.0 capabilities and functionality," said Michael Fauscette, group vice president, Software Business Solutions, IDC. "The young companies in this report are at the forefront of these emerging trends that will shape the future direction of software and add significant value to businesses."
To identify the companies to watch, IDC solicited entries from applications vendors with annual revenues of less than $100 million who exemplified one or more of three key trends in applications today. These trends, cited in January 2009 as part of IDC's applications predictions for the year, are:
- Acceleration of software as a service (SaaS), business process outsourcing (BPO), and open source over traditional on-premise software
- New business models for software use by service providers (software-within-a-service)
- Web 2.0-like functionality moves into the enterprise (e2.0).
Companies were judged on these criteria as a measure of their driving innovation in applications software. The companies selected in the applications category are (in alphabetical order):
- Atlassian
- Clarizen, Inc.
- IGLOO Inc.
- Intacct
- Jive Software Inc.
- Kaltura
- RumbaFish Technologies, Inc.
- Service-now.com
- Telligent
- Trampoline Systems Ltd
The IDC study, Innovative Application Software Companies Under $100 Million to Watch (Doc #220505), profiles each of the companies based on their exemplification of one or more of the three IDC evaluation criteria. These criteria were selected from IDC's Worldwide Applications 2008 Top 10 Predictions (IDC #210514). The consideration and analysis of companies for this document consisted of two rounds. The first round was completed by a group panel consisting of key analysts covering software applications and in the second phase the narrowed list was reviewed by key IDC research executives.
For more information about this study please contact Melissa Bambauer at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .