From correspondents in India, 10:12 AM IST

Telcordia, a global leader in the development of IP, wireline, and mobile telecommunications software and services, today announced that the company was honored for its strong financial performance and revenue growth by Software Magazine. The publication recognized Telcordia in its annual Software 500 ranking of the world's largest software and service providers. This year's ranking represents a more than 200% growth rate from Telcordia's ranking last year.

In its 27th year, 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. Telcordia will be featured in two growth charts: the Top 10 in Overall Software & Services Growth and Top 10 in Companies $100 Million - $1 Billion in Revenue categories.

"Telcordia continues to solidify the company's steady growth in the face of global economic challenges that have affected every company in 2009's rankings," said Mark Greenquist, CEO, Telcordia. "Our ranking is a true testament to Telcordia's strength in providing value-added solutions that enable new service delivery, enhance quality of service and increase subscriber satisfaction levels as we continue to help our customers grow their bottom line."

"The Software 500 helps CIOs, senior IT managers, and IT staff research and create a short list of business partners, and serves as a quick reference of vendor viability," says John P. Desmond, editor of Software Magazine and Softwaremag.com. "With its regular inclusion in the rankings, Telcordia has demonstrated a track record of success over the years and belongs on any short list of business partners."

The ranking is based on total worldwide software and services revenue for 2008. 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.

For more information about Telcordia visit www.telcordia.com.

Source: Press Release Distribution via India PRwire