Total revenue growth
Recurring revenue
International revenue
SaaS revenue
Partner revenue
Revenue per FTE
Confidence in revenue growth
Ranking |
Naam |
Sector |
Winnaar |
Score |
Oprichting |
Plaats |
1 | Textkernel | Human Resource Software | Overall Champion #1 | 100.00 | 2001 | Amsterdam |
2 | Convious | E-Commerce Software | Overall Champion #2 and Highest Growth | 98.9 | 2016 | Amsterdam |
3 | E-WISE | Education Software | Overall Champion #3 | 98.4 | 1999 | Utrecht |
4 | Enovation | Healthcare Software | 97.7 | 1983 | Capelle a/d IJssel | |
5 | RoomRaccoon | Business Intelligence (BI) | 96.4 | 2017 | Breda | |
6 | Plauti | Data Quality Software | 96.2 | 2014 | Arnhem | |
7 | Cow Hills Retail BV | Omnichannel Retail Software | 95.9 | 2015 | Maarn | |
8 | Sana Commerce | E-Commerce Software | 94.8 | 2008 | Rotterdam | |
9 | WoodWing | Content Management Systems (CMS) | 93.0 | 2000 | Zaandam | |
10 | 12Build | Project Management Software | 92.7 | 2007 | Nijverdal | |
11 | Paragin | Education Software | 91.6 | 2000 | Nijkerk | |
12 | KING Software | Enterprise Resource Planning (ERP) | 91.1 | 1989 | Heemskerk | |
13 | SDB Groep | Healthcare Software | 90.9 | 1976 | Den Haag | |
14 | Multibel | Communication platform Software | 90.7 | 1995 | ’s-Hertogenbosch | |
15 | OutSmart International | Customer Relationship Management (CRM) | 90.6 | 2012 | Nieuwegein | |
16 | Legalsense | Enterprise Resource Planning (ERP) | 90.6 | 2009 | Utrecht | |
17 | 4PS | Enterprise Resource Planning (ERP) | 90.5 | 2000 | Ede | |
18 | XVR Simulation | Simulation Software | 88.7 | 2000 | Delft | |
19 | OBI4wan | Customer Relations Management (CRM) | 88.7 | 2011 | Zaandam | |
20 | Valk Solutions | Omnichannel Retail Software | 88.6 | 1989 | Montfoort | |
21 | Gripp | Professional Services Automation (PSA) | 88.2 | 2011 | Tilburg | |
22 | AET | Security Software | 87.9 | 1998 | Arnhem | |
23 | Codelogic | Dialogue Management Software | 87.9 | 2007 | Beverwijk | |
24 | Appical | Human Resource Software | 87.6 | 2013 | Amsterdam | |
25 | Inergy | Business Intelligence (BI) | 87.6 | 1999 | Woerden | |
26 | Relyon | Field Service Management | 87.5 | 2001 | Nootdorp | |
27 | Mavim | Business Process Management (BPM) | 87.3 | 1990 | Noordwijk | |
28 | SOWISO | Education Software | 87.2 | 2010 | Amsterdam | |
29 | MendriX | Supply Chain Management (SCM) | 86.9 | 2003 | Maarssen | |
30 | Nétive VMS | Human Resource Software | 86.6 | 2003 | Rijswijk | |
31 | BlueRock Logistics | Supply Chain Management (SCM) | 85.9 | 2013 | ‘s-Hertogenbosch | |
32 | Blue Billywig | Video Management Software (VMS) | 85.5 | 2006 | Hilversum | |
33 | GOconnectIT | Geographic Information System (GIS) | 85.3 | 2001 | Nieuwegein | |
34 | BrainCreators | Digital Inspection Software | 84.6 | 2016 | Amsterdam | |
35 | Sananet Care | Healthcare Software | 84.4 | 1996 | Sittard | |
36 | Coachview | Education Software | 83.8 | 2000 | Veghel | |
37 | Zenz Technologies | Business Intelligence (BI) | 83.7 | 2013 | Amsterdam | |
38 | Scan Sys | Business Process Management (BPM) | 83.3 | 1991 | Nootdorp | |
39 | Speakap | Social Software | 82.6 | 2011 | Amsterdam | |
40 | FleetGO Group | Telematic Platform | 82.3 | 2010 | Hattem | |
41 | Vendit | Omnichannel Retail Software | 81.4 | 1986 | Rotterdam | |
42 | Ubeeo | Human Resource Software | 80.5 | 2007 | Rotterdam | |
43 | Mployee | Human Resource Software | 80.5 | 2007 | Rotterdam | |
44 | Tamigo Nederland | Workforce Management Software | 80.4 | 2014 | Houten | |
45 | Zig Websoftware | Real Estate Software | 80.4 | 2007 | Huizen | |
46 | FRISS | Fraud, risk and compliance software | 80.4 | 2006 | Utrecht | |
47 | Icecat | E-Commerce Software | 80.0 | 1999 | Nieuwegein | |
48 | Easygenerator | Education Software | 79.4 | 2013 | Rotterdam | |
49 | Validata group | Human Resource Software | 79.3 | 2009 | Amsterdam | |
50 | Trengo | Omnichannel Communications Platform | 79.2 | 2015 | Utrecht |
The key figures for the 2021 edition are based on data from the Main Software 50 companies for fiscal year 2020. The total revenue of the 50 companies in the ranking increased even during the pandemic. Total revenue at the end of fiscal year 2020 was 409.8 million euros, which represents a 23% increase over the revenue the companies recorded at the end of 2019.
The total number of FTEs at the end of 2020 was 3,262. This represents a 16% increase in the number of employees of the Main Software 50 companies over the year 2020. Revenue per FTE averaged EUR 126.000 and increased by 6% in 2020 compared to 2019. Interestingly, the productivity of the Main Software 50 companies has increased with about 20% since the first measurement in 2012.
Some 30% of total sales are generated abroad: 21% are collected within Europe, 9% in the rest of the world. International sales have been steadily increasing for several years. In 2012 it amounted to only 19%. This shows the increasing international scalability of Dutch software companies.
Although the composition of the ranking changes every year, a clear trend is visible with regard to the recurring revenue and EBITDA. Over the years we see a steady increase in the recurring revenue level. In the 2021 edition, 75% of sales are recurring, up from only 54% in 2012. Also, for ten years, the Main Software 50 has seen an increase in the share of companies with a high profit margin (over 10%). In the 2021 edition, 78% of Main Software 50 companies achieved an EBITDA of more than 10%, whereas ten years ago it was only 50%.
With revenue, profit, headcount and productivity increasing over 2020, the covid pandemic seems to have had little impact on software companies. However, we do see reduced investment in R&D in 2020. 82% of companies spent more than 10% of revenue on R&D, down from 92% the year before. We also see that the confidence in future revenue growth has returned to the same level as before corona: this year 58% of companies expect to grow more than 20%. Last year this was still 42%.