CIO Review>>Magazine>>July - 2013 issue

Enterprise software encompasses the applications that large companies use to conduct line-of-business operations such as accounting, business intelligence (BI), communication and collaboration, customer relationship management (CRM) and human resources (HR). The industry forms one of the largest shares of worldwide IT spending and is slated to grow tremendously in the years to come. Enterprise software will account for $296.6 billion in 2013, showing an annual growth rate of 6.4 percent from last year. The figure will reach $383.8 billion by 2017, with a CAGR of 6.6 percent.

There are considerable changes afoot when it comes to the types of enterprise software that CIOs are considering buying. Analytics & Business Intelligence (BI) at the top of the priority list, followed by Mobile technologies, Cloud computing and Collaboration technologies. The industry is also plagued by issues such as user hostility; high licensing and support cost; and lack of flexibility and agility, however there are some companies that are braving all the odds.

CIO Review brings to you CRTech10 a list of 10 high value enterprise software companies that are winning over CIOs and in turn driving growth for their clients. Having been closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXO, analysts and CIO Review editorial board, these names are disrupting the industry and heralding a new era for enterprise software.

Name Founders Founded Description
Atlanta, GA
Marco Pacelli,
2000 A provider of customer experience analytics solutions geared towards enabling companies to understand every customer interaction across and within all touch points. Investors: Ascent Venture Partners, Cedar Fund,Delta Ventures,Morgan Stanley AIP andVeritas Venture Partners.
iPatientCare, Inc.
Woodbridge, NJ
Udayan Mandavia
President & CEO
1994 A provider of Ambulatory Electronic Medical Records and integrated Practice Management, Patient Portal, Health Information Exchange, and mHealth apps.
Santa Barbara, CA
Yogesh Gupta, President & CEO
Tim McMullen, COO
Bob Davis, CMO
Anne Huemme, CFO
2000 A provider of remote management software for the information technology industry.
Ken Burke
Founder& Chairman
1995 A provider of eCommerce technology and services
that help fast-growing companies successfully
sell goods and services online.
OTS Solutions
Piscataway, NJ
Hemant Madaan,
Managing Director & CEO
2002 A software outsourcing & software development company offering custom software application development & IT outsourcing services.
San Mateo, CA
Raj Narayanaswamy &
Lakshmi Raj, Co-CEOs
1996 A provider of hassle-free web timesheet software to track employee time, project time and expenses, streamlining attendance, payroll and billing. ; Funding: $20 million ; Investors: Emergence Capital Partners and The Social+Capital Partnership.
Palo Alto,CA
Zeevi Michel, CEO 2011 A provider of internal question and answers platform that helps corporate identify and manage expertise and critical knowledge within their organization. Investors: TechStars, Upwest Labs, Milestone Investment and Boston Angels.
Pleasanton, CA
Paul Pluschkell, CEO 2006 A provider of cloud based enterprise innovation solution used by organizations to unleash the creativity of employees, customers and partners to find transformative ideas that drive growth, by leveraging crowdsourcing, game mechanics and big data analytics. Funding: $47.5 million till date.
Stellar Information Systems Ltd
Metuchin, NJ
Sunil Chandna, CEO
Manoj Dhingra, Director
Kuljeet Singh, Director
1993 A data recovery software service provider for line of various Operating System including the Windows, Mac OS X and Linux.
Cupertino, CA
Larry Augustin, CEO
Clint Oram, CTO
2004 A provider of open-platform web-based CRM solution to empower organizations to gain and retain customers by providing greater efficiency and control over the sales pipeline. Funding: $79.6 million; Investors: New Enterprise Associates (NEA), Silicon Valley Bank, Gold Hill Capital, Draper Fisher Jurvetson and Walden International.