Truffle100 report: Comarch on the prestigious list of top software vendors in Europe in 2010

For the first time Comarch software house from Krakow (Poland) was placed on the prestigious list of top  software vendors in Europe. Truffle100 ranking is prepared under the auspices of the European Commission. The Truffle100 is based on surveys and research conducted by IDC & CXP Group.

Neelie Kroes, European Commissioner for the Digital said: - Agenda alongside that, Horizon 2020, the Commission's new research and innovation programme for 2014-2020,will make the framework for R&D and innovation support more flexible and integrated; and the Commission's proposed infrastructure fund, the „Connecting Europe Facility”, will invest 9.2 billion Euros in the deployment of broadband Network and Digital services infrastructure.

Bernard-Louis Roques, General Partner & co-Founder pointed out: - Software vendors are able to bounce back quickly (with year-on-year growth of 14%) and generate profits (€3.7 billion last year),while investing heavily in R&D (€4.4 billion).With over 55,000 highly qualified R&D jobs, they constitute a strategic industry that is absolutely critical for employment and GDP growth in Europe. With cloud computing and "software as a service" (SAAS) bound to radically transform the industry in the coming years, Europe's software vendors are on the verge of a major paradigm shift and deserve a lot more attention. Ongoing changes in business models mean that this is a highly critical period for vendors. European governments must accentuate supporting measures, so that more money is channeled into R&D and thousands of added-value jobs are created.

The 6th edition of theTruffle100 Europe once again highlights the impressive dynamism and exceptional resilience of the European software industry.

In the Truffle100 Europe is defined as: EU 25 countries + Switzerland + Norway. The companies taking part have certified that they operate under European law and that their headquarters and R&D are based in Europe (as defined above). The ranking was made exclusively on the basis of the data declared and submitted by each company taking part and, with the exception of Italy, validated in some cases by external sources.

All data was aligned to include  all software related professional services and training services. The double digit growth in software revenues in 2011 compared to 2010 is partly attributable to this alignment of methodology. Furthermore, the authors have  included acquisitions from the date of acquisition as opposed to a full-year proforma addition. Information of a confidential nature (e.g. net income), are only presented on an aggregated basis. The authors are not responsible for any content or error, omission or inaccuracy related to content communicated by third parties.

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