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Main Software 50 edition 2018


For the seventh consecutive year, the festive award ceremony of the Main Software 50 took place. The Main Software 50, the renowned ranking of the 50 most successful Dutch software companies, is intended to increase visibility of the Dutch software sector for the larger public. Participating companies in this 2018 edition outperform last year’s participant on almost all relevant KPIs. Interest in the event from the media, business and investors was therefore once again great.

Key statistics Main Software 50 edition 2018

+22%
Total revenue
+20%
Median
revenue growth
56%
SaaS revenue
22%
International
revenue

11%
Partner revenue
+26%
Total number
of employees
107k
Revenue per FTE

List Main Software 50 edition 2018

Ranking Name Sector Winner Score Founded Headquarters
1 OBI4wan Webcare software Overall 1 100,0 2011 Zaandam
2 Workstreampeople Dialogue management software Overall 2 96,6 2008 Rotterdam
3 Onguard Financial & accounting software Overall 3 95,5 1993 Amsterdam
4 FRISS Governance Risk & Compliance 94,1 2006 Utrecht
5 Roxit Enterprise Resource Planning (ERP) 94,0 2015 Zwolle
6 Uptrends Performance Monitoring 94,0 2007 Alphen aan den Rijn
7 Topicus Enterprise Resource Planning (ERP) 93,1 1998 Deventer
8 Enovation Healthcare 92,2 1983 Capelle aan den Ijssel
9 Stream Group Video Management software (VMS) 92,1 2004 Herten
10 Virtuagym Customer Relations Management (CRM) 91,7 2008 Amsterdam
11 ScanmarQED Business Intelligence (BI) 90,7 1991 Houten
12 Negometrix Financial & accounting software 90,5 2000 Utrecht
13 ProActive  Financial & accounting software 89,7 1999 Haarlem
14 Copernica  Marketing software 88,9 2001 Amsterdam
15 Icecat E-commerce / Content publishing 88,3 2009 Nieuwegein
16 Nmbrs Human Resource Management (HRM) Cloud champion 87,3 2009 Amsterdam
17 Axxerion Facility- and Property Management Software (FMS) 86,9 2004 Heteren
18 Adver-Online  Human Resource Management (HRM) 86,9 2003 Heemstede
19 Inergy Analytical Solutions Business Intelligence (BI) 86,3 1999 Woerden
20 Speakap  Communication Platform Highest growth 86,0 2011 Amsterdam
21 Navads Local listing software 86,0 2007 Amsterdam
22 The Competence Group E-learning 85,9 2002 IJsselstein
23 Dyflexis Human Resource Management (HRM) 85,4 2010 Den Haag
24 4PS Enterprise Resource Planning (ERP) 85,4 2000 Ede
25 ProcessGold Business Intelligence (BI) 85,3 2016 Apeldoorn
26 Valk Solutions Omnichannel retail software 85,1 1989 Montfoort
27 U\ME Business Process Management (BPM) 84,8 2016 Groningen
28 12Build Project Management software 84,5 2007 Nijverdal
29 FIQAS Software Financial & accounting software 84,3 1985 Aalsmeer
30 Codelogic Customer Relations Management (CRM) 84,2 2007 Beverwijk
31 Korton Software Human Resource Management (HRM) 83,8 2000 Hoofddorp
32 FleetGO Group Fleet Management Software 83,4 2010 Hattem
33 Mail to Pay Financial & accounting software 82,6 2011 Alblasserdam
34 ExpertCollege E-learning 82,4 2003 Amstelveen
35 Visionplanner Financial & accounting software 82,3 1996 Veenendaal
36 Mavim  Business Process Management (BPM) 81,6 1990 Noordwijk
37 MobileBridge Customer Relations Management (CRM) 81,4 2013 Amstelveen
38 Sana Commerce  E-commerce / Content publishing 81,0 2008 Rotterdam
39 Contact Center Live Customer Relations Management (CRM) 80,6 2017 Naarden
40 Fieber Communication Platform 80,4 2010 Amstelveen
41 Maxxton Enterprise Resource Planning (ERP) 80,2 1998 Middelburg
42 MendriX Supply Chain Management (SCM) 80,1 2003 Maarssen
43 The Next Ad Marketing software 79,9 2014 Amsterdam
44 The Patient Safety Company Healthcare 78,7 2006 Alkmaar
45 B-lay License management software 78,7 2008 Utrecht
46 Vendit Omnichannel retail software 78,4 1986 Rotterdam
47 Anago Human Resource Management (HRM) 78,0 1999 s-Hertogenbosch
48 Five Degrees Financial & accounting software 77,4 2010 Amsterdam
49 iWriter Business Process Management (BPM) 76,9 2004 Eindhoven
50 GOconnectIT Geographic Information System (GIS) 76,5 2001 Nieuwegein

Revenue growth

Total revenue grew by more over 22% to EUR 396m in 2017. Of the participating companies a stunning 64% grew by more than 20% on a yearly basis. 60% of companies expects year-on-year growth of more than 20% for the next two years.

International success

Dutch software companies prove to be strongly capable to do business abroad; on average 22% of total revenue is generated from outside of The Netherlands. Moreover, at least a quarter of all companies generates more than 50% of total sales from abroad.

Partner Channel

The percentage of sales generated through partners amounts to an average of 11%. This percentage partner sales, as well as the percentage international sales, fall below last year’s averages. This can be explained by the participation of several large software companies following a more local strategy, aimed at direct sales. What’s more, initiating a partner strategy appears to result in above average international revenue generation. Companies that generate more than 20% of sales through their partner channel have at least a 50% international revenue contribution.

Profitability

Fast growing software companies are once again able to grow profitably. 58% of the companies has realized a profit margin of over 10%. 26% the of companies was even able to realize a profit margin of more than 20%.

Innovation

Software companies continue to invest heavily in software development. A stunning 94% of participants invests more than 10% of their annual revenue back into R&D.

Employment

Total 2017 FTE count amounted to 3,699, representing a 26% increase relative to last year. The average turnover per FTE is about EUR 107k.

Pictures

The Main Software 50 is an initiative of Main Capital Partners

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