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December 05, 2007
Europe's Hottest Software Companies
The Truffle 100 for 2007 Listing of Europe's 100 largest software firms is out and online. The good news is that 32 Euro software vendors have revenues greater than €100M (up from 30 one year ago).
The bad news is that all the Truffle 100 combined is generating less annual sales than Microsoft, and not quite double Oracle's annual sales.
Getting back to the positive news is the fact that all of the Truffle 100 companies have sales of greater €20M. And that they make about €2.5B in profits a year (aggregated).
This year Autonomy was the top performing firm according to the researchers. It got credit for its two good sized acquisitions and its mkt cap of $4B. Autonomy bought US rival Verity (US$500 million) and Z, a global leader in content archiving and electronic discovery solutions for $375M.
FAST moved up the ranking 13 spaces due to its sales growth, for example.
The ranking from Truffle is in our opinion the only decent listing of European software companies available. It is based on a survey supplemented by research. It does not include, US/Euro hybrids, unfortunately, but it is as good as it gets.
You cannot use the Software 500 anymore, for example, to track European software vendors. It is a self-nominating list and it ends up filled mainly with US companies - and some of them are doing just two and three million in annual sales.
Interesting that it took a French venture capital firm to finally come up with the idea of getting IDC on board, as well CXP, and the software associations in the region to encourage members to contribute to the ranking, e.g. Agoria (BE), Aitech (IT), Bitkom (GE), Intellect (UK) and Syntec (FR).
View - Truffle 100 website
Read - Truffle 100 listing (pdf)
Read - Our report on last year's ranking
Posted on December 5, 2007 02:40 PM | Posted to Being European | Permalink
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