Partners
Total revenue
Median revenue growth
SaaS revenue
International revenue
Partner revenue
Total number of employees
Revenue per FTE
Ranking |
Name |
Sector |
Winner |
Score |
Established |
Place |
| 1 | Uptrends | Web en server performance monitoring service | Overall 1 | 100.0 | 2007 | Alphen a/d Rijn |
| 2 | Enovation | Healthcare Software | Overall 2 | 97.2 | 1983 | Capelle a/d Ijsel |
| 3 | Textkernel | Human Resource Software | Overall 3 | 97.0 | 2001 | Amsterdam |
| 4 | WoodWing | Publishing software | 96.2 | 2000 | Zaandam | |
| 5 | Management Drives | Performance Management | 95.7 | 2001 | Zeist | |
| 6 | Conxillium | Content Management Systems | 95.3 | 2015 | Leiden | |
| 7 | Recruitee | Human Resource Management (HRM) | 95.0 | 2015 | Amsterdam | |
| 8 | E-WISE | Education Software | Cloud champion | 94.9 | 1999 | Utrecht |
| 9 | Convious | E-Commerce Software | Highest growth | 94.9 | 2017 | Amsterdam |
| 10 | OBI4wan | Customer Relations Management (CRM) | 94.2 | 2011 | Zaandam | |
| 11 | Cow Hills Retail | Omnichannel Retail Software | 94.0 | 2005 | Maarn | |
| 12 | Icecat | E-Commerce Software | 93.1 | 1999 | Nieuwegein | |
| 13 | OutSmart | Facilities Management | 92.2 | 2012 | Nieuwegein | |
| 14 | Sana Commerce | E-Commerce Software | 91.9 | 2008 | Rotterdam | |
| 15 | Sqills Group | Business Process Management (BPM) | 90.9 | 2005 | Enschede | |
| 16 | Advisie | Financial & Accounting Software | 90.2 | 1983 | Eemnes | |
| 17 | Otherside Software | Enterprise Resource Planning (ERP) | 89.9 | 2003 | Den Bosch | |
| 18 | GOconnectIT | Geographic Information System (GIS) | 88.9 | 2001 | Nieuwegein | |
| 19 | Optimizers | Supply Chain Management (SCM) | 88.7 | 2006 | Nijkerk | |
| 20 | Blue Billywig | Video Management Software (VMS) | 88.4 | 2006 | Hilversum | |
| 21 | Dyflexis | Workforce Management | 88.3 | 2010 | Den Haag | |
| 22 | SDB Groep | Healthcare Software | 88.2 | 1976 | Den Haag | |
| 23 | Yellow Star Solutions | Supply Chain Management (SCM) | 88.2 | 2009 | Barendrecht | |
| 24 | FleetGO Group | Fleet Management | 87.2 | 2010 | Hattem | |
| 25 | Codelogic | Dialogue Management Software | 87.0 | 2007 | Beverwijk | |
| 26 | FIQAS Software | Financial & Accounting Software | 86.9 | 1989 | Aalsmeer | |
| 27 | Wonderkind | Talent Attraction Technology | 86.1 | 2016 | Amsterdam | |
| 28 | BlueRock Logistics | Transport Management Software | 85.6 | 2013 | Den Bosch | |
| 29 | Mavim | Business Process Management (BPM) | 85.5 | 1990 | Noordwijk | |
| 30 | Speakap | Employee Communications Platform | 85.5 | 2011 | Amsterdam | |
| 31 | Gripp | Financial & Accounting Software | 85.3 | 2012 | Tilburg | |
| 32 | GAV.International | Online Business Software | 85.2 | 1987 | Woerden | |
| 33 | 12Build | Project Management Software | 85.1 | 2007 | Nijverdal | |
| 34 | Copernica | Marketing Automation | 85.1 | 2001 | Amsterdam | |
| 35 | Pegamento | Artificial Intelligence | 84.9 | 2009 | Zeist | |
| 36 | go2UBL | Financial & Accounting Software | 84.8 | 2014 | Beverwijk | |
| 37 | Relyon | Field Service Management | 84.0 | 2001 | Nootdorp | |
| 38 | Ternair | Marketing Automation | 83.9 | 2006 | Ijsselstein | |
| 39 | XVR Simulation | Simulation Software | 83.2 | 2001 | Delft | |
| 40 | Vendit | Omnichannel Retail Software | 83.2 | 1986 | Rotterdam | |
| 41 | Zenz Technologies | Business Intelligence | 81.6 | 2013 | Amsterdam | |
| 42 | Spatial Eye | Geographic Information System (GIS) | 81.6 | 2005 | Culemborg | |
| 43 | EesySoft Software International | Education Software | 81.3 | 2011 | Amsterdam | |
| 44 | Drillster | E-Learning Platform | 81.2 | 2011 | Utrecht | |
| 45 | Avinty | Healthcare Software | 81.0 | 2016 | Oldenzaal | |
| 46 | 4PS | Enterprise Resource Planning (ERP) | 79.8 | 2000 | Ede | |
| 47 | FRISS | Governance Risk & Compliance (GRC) | 79.7 | 2006 | Utrecht | |
| 48 | Adver-Online | Human Resource Management (HRM) | 78.6 | 2002 | Heemstede | |
| 49 | Naris | Governance Risk & Compliance (GRC) | 77.7 | 2000 | Enschede | |
| 50 | MendriX | Supply Chain Management (SCM) | 77.2 | 2003 | Maarssen |
Total revenue grew from EUR 371m in 2018 to EUR 450,5m in 2019 at a growth rate of 21%. Recurring revenue o represented 68% of total revenue in 2019. Even amidst the current COVID-19 situation, Main Software 50 participants are optimistic about the future, with a stunning 42% of the Main Software top 50 companies still expecting to realize year-on-year topline growth of more than 20% in the upcoming two years.
Total 2019 FTE count amounted to 3.236, representing a 15% increase relative to last year. Interestingly, the revenue generated per FTE grew by 5% over the course of the year to EUR 138k per FTE. This productivity figure is considerably higher than that of the participating companies of last year’s edition.
Dutch software companies consistently prove to be highly qualified to internationalize its presence; on average 22% of total revenues generated by the top 50 companies is generated from outside of The Netherlands in 2019.
The large majority of the top 50 participating software companies follow a profitable growth strategy. 66% of the top 50 companies have realized a an EBITDA margin of more than 10%. More than 24% of the top 50 companies were even able to realize an EBITDA margin of more than 20%.
The top 50 participating software companies show continued investments in software development to stay innovative in this competitive environment. A stunning 90% of all participants indicated to have invested more than 10% of their annual revenue back into R&D to drive future growth.
Unsurprisingly, the top 50 Dutch software companies appear to be interesting investment opportunities for both strategic and financial investors. Out of the 50 finalists of last year’s edition, 6 companies were acquired within 12 months after publication of the list. In addition to sell-side M&A, a substantial number of companies in the yearly Main Software 50 ranking choose to further accelerate their topline growth as well as build out their product portfolio’s through strategic acquisitions of other software companies.