Main Capital presents the first Main Software 50


Software sector shows above average growth in revenue, employment and productivity The Hague 24-Oct-2012. –While the Netherlands is experience negative economic growth, growing unemployment and a regressing R&D sector, the Dutch product-software market is growing in all areas 

Main Capital Partners has taken the initiative for the Main software 50, a yearly ranking of the most succesful independent Dutch software companies. The software industry is flourishing, growing and a cornerstone of the Dutch economy. The launch of the Main Software 50 will give more visibility to the Dutch software industry.

To ensure complete transparency, IT research bureau Dialogic has been involved with the research as audit partner. The Main 50 ranking is based on voluntary cooperation. Large international companies (Microsoft, Oracle) and listed companies (Exact, Unit4), are outside the scope of the ranking. Including these companies, the total Dutch software sector has revenues of several billion euros.

A small amount of software companies with substantial revenues have not participated with the list. The ranking was made by weighing several criteria, such as revenue, revenue growth, quality of revenue and profitability.

Total specific solutions (TSS) is the winner in the overall ranking of the 2012 edition of the Main software 50. The company is successful in several verticals, such as Healthcare, Business engineering and the public sector. RES software, which produces solutions for workspace virtualization is placed second. Afas is third and is specialist in ERP solutions.

The software company IASO, which delivers secure cloud storage, has won the Highest growth award with a realized growth of 115% in 2011. The full list can be found on

From the research several interesting results have been found:

– The total revenue of the Main software 50 was € 738m in 2011, This represents a growth of 15% relative to 2010.

– The companies on the list employed 6.360 FTE’s, a growth of 10%. The productivity also increased, the average revenue per employee grew from EUR 112 (2010) to EUR 116 (2011).

– 68% of the total Main software 50 revenue came from ‘high quality’ revenue (licences/SaaS and Maintenance & Support), other revenue consisted mainly of Services.

– 70% of the Main software 50 companies expects to grow with more than 10% in the coming two years. 50% of the companies expects to grow with more than 20% per year.

– 48 of the 50 companies sell their software internationally.

– 86% of the Main software 50 companies spend more than 10% of revenue on R&D.

– Most revenue came from the ERP segment. The fastest growing segment is cloud storage with 115% growth. Other segments experiencing high growth were Governance Risk & Compliance (GRC) and System software & Utilities.

– SaaS models also show above average revenue growth

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