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Main Software 50 edition 2017


For the sixth year in a row, software investor Main Capital organizes the Main Software 50 to increase the visibility of the Dutch software sector, as a driver of growth and innovation. The interest from the media, business world and investors for the event gets bigger every year.

Key statistics Main Software 50 edition 2017

+20%
Total revenue
+20%
Median
revenue growth
43%
SaaS revenue
32%
International
revenue

24%
Partner revenue
+21%
Total number
of employees
122k
Revenue per FTE

List Main Software 50 edition 2017

Ranking Naam Sector Winnaar Score Oprichting Plaats
1 ScanmarQED  Business Intelligence (BI) Overall 1 100,000 1991 Houten
2 Slimstock Supply Chain Mangement (SCM) Overall 2 99,7 1993 Deventer
3 Voiceworks/Summa Communication Platform Overall 3 99,3 2005 Almere
4 SpamExperts Security software 98,6 2006 Amsterdam
5 VisionsConnected Communication Platform 98,6 2007 Amsterdam 
6 Roxit groep Enterprise Resource Planning (ERP) 98,4 2015 Zwolle
7 OBI4wan Social media monitoring Cloud Champion 98,2 2011 Zaandam
8 Workstreampeople Dialogue management software Highest Growth 98,0 2008 Rotterdam
9 Uptrends Performance Monitoring 97,8 2007
Alphen aan den Rijn
10 FRISS Governance, Risk and Compliance (GRC) 97,8 2006 Utrecht
11 Sana Commerce E-commerce / Content publishing 97,8 2006 Rotterdam
12 Axxerion Facility Management Software (FMS) 97,7 2004 Heteren
13 Trimergo Enterprise Resource Planning (ERP) 97,7 2001 Apeldoorn
14 Stream Group Video Management Software (VMS) 97,4 2004 Roermond
15 Plaxis Engineering & scientific software 96,1 1993 Delft
16 Ezwim Telecom expense management software 95,7 2001 Amsterdam
17 Connexys Human Resource Management (HRM) 95,2 1999 Rotterdam
18 Every Angle Software Solutions  Business Intelligence (BI) 95,2 2001 Gouda
19 Yellow Star Solutions Supply Chain Mangement (SCM) 94,8 2009 Barendrecht
20 Copernica Marketing software 94,5 2005 Amsterdam
21 Nmbrs Human Resource Management (HRM) 94,4 2007 Amsterdan
22 VitalHealth Software Healthcare software 94,4 2005 Ede
23 Mavim Business Process Management (BPM) 93,6 1990 Noordwijk 
24 ProActive Software Financial software 92,9 1999 Haarlem
25 Embrace SBS  Enterprise Collaboration software 92,8 2010
Groningen
26 Navads Local Listings Management 92,4 2006 Amsterdam
27 iMerge E-commerce / Content publishing 92,2 1999 Nieuwegein 
28 Inergy Analytical Solutions Business Intelligence (BI) 92,2 1999 Woerden
29 Negometrix Financial software 92,0 2000 Utrecht
30 Ridder Data Systems Enterprise Resource Planning (ERP) 91,3 1982 Harderwijk 
31 HR2day Human Resource Management (HRM) 91,0 2010 Naarden
32 SmartHOTEL Enterprise Resource Planning (ERP) 90,8 2007
Reeuwijk
33 Contact Center Live Contact center software 90,7 2007 Naarden 
34 Yuki Works Financial software 90,6 2007 Rotterdam
35 Regas Healthcare software 90,1 1997 Woerden
36 Adver-Online  Human Resource Management (HRM) 89,8 2003 Heemstede
37 Sqills Group Enterprise Content Management (ECM) 89,2 2007 Enschede 
38 B-lay License management software 89,0 2008 Utrecht 
39 Codelogic Contact center software 88,4 2007
Beverwijk
40 CGE Risk Management Solutions Governance Risk & Compliance 88,0 2010 Leidsedam
41 FlexService Solutions Human Resource Management (HRM) 88,0 2000 Hilversum
42 Schouw Informatisering Enterprise Resource Planning (ERP) 87,9 1998 Etten-Leur 
43 FIQAS Software Financial software 87,7 1989  Aalsmeer 
44 Blue Billywig Video Management Software (VMS) 87,1 2006 Hilversum
45 E-WISE E-learning 87,0 1999 Utrecht
46 Verklizan Healthcare software 86,9 1983 Sliedrecht
47 Tools4ever Security software 85,7 1999 Baarn
48 OnGuard Financial software 85,3 1992 Nederhorst den Berg
49 ChainPoint Supply Chain Mangement (SCM) 84,3 1989 Arnhem
50 Plandatis Property management software 84,3 1999 Apeldoorn 

Revenue growth

Total revenue grew by more than 20% to EUR 381m. Of the participating companies, 44% grew by more than 20% on a yearly basis. The median of sales growth was 20%. In a good economic climate, participating companies expect to grow strongly in the coming years. 64% of companies expect to grow by more than 20% per year over the next two years.

International success

Dutch software companies prove to be able to do business abroad; On average 33% of total revenue comes from abroad. One third of the companies even get more than 50% of sales from abroad.

Partner Channel

The percentage of sales through partners grows to an average of 24% of total sales, which was 18% last year. Initiating a partner strategy appears to result in above average growth. Companies that generate more than 10% of their revenue through a partner channel grow on average by 31% in revenue.

Profitability

Fast growing software companies are once again able to grow profitably. 64% of the companies realized a profit margin of more than 10%. 30% the of companies realized a profit margin of more than 20%. Partnership strategies seem to contribute positively to the profitability of a company. Of the participating companies that achieved more than 20% of their revenue through partners, 41% realized an EBIT above 20%.

Innovation

Software companies continue to invest. Three-quarters of the participating companies invest more than 10% of their annual revenue in R&D. Even 96% of the participants now provides software and services in the cloud as well.

Employment

Total FTEs amounted to 3,135, an increase of 21% over last year. The average turnover per FTE is about EUR 122k.

The Main Software 50 is an initiative of Main Capital Partners

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