Global demand for Independent Software Quality Analysis is increasing:
Software Improvement Group (SIG) reports record growth


 

JAN 27, 2022, AMSTERDAM - NEW YORK -- Software Improvement Group (SIG), an Amsterdam-based technology and IT services institute, recorded exceptional growth of 50% for 2021. The company’s first acquisition of EXIN, a leading IT examination platform, and increased demand for SIG independent software analysis solutions, drove record growth for 2021. As a result of the continuous increasing dependence of society on software, combined with the global cyber threats, SIG's client base continues to grow substantially, securing clients from the EU, Asian Pacific region, South America and North America. 

The value of Sigrid®, SIG’s software assurance platform, is well reflected in the long-term relationships with many blue-chip customers in virtually any industry and on all continents. Essential to SIG’s organic growth is an increase in the number of long-term contracts with both new and existing clients. Now active in over 90 countries, SIG is the globally leading institute for a fact-based and independent view on IT.

Luc Brandts, CEO of SIG, said: “We’re very happy to see this growth; it’s even more important to see how our customers value our Software-with-Service concept, a term we coined. Our customer’s success in building sustainable, future-proof software, using our fact-based measurements, certifications and recommendations is what matters most.” Brandts added, “In 2022, we will continue our growth strategy, focusing on both organic growth, partnerships, and targeted acquisitions. We’re blessed with a strong financial position, a sustainable business, and a solid shareholders base.”

Chief Commercial Officer, Clarinda Dobbelaar said of SIG’s record growth: “Our clients and partners highly value our independent position in the market. Our software and architecture analyses are data-driven, independent, and designed to help our clients to build sustainable, healthy software. We have nothing to lose or gain with our conclusions other than our reputation. Integrity is deeply rooted in our company culture; we want to help create software society can rely on.”

The same is true for the certification of IT professionals. Michiel Buysing Damsté, responsible for SIG’s EXIN business, states: “At EXIN, we believe that professional excellence boosts organizational performance. In 2021 we worked with organizations and professionals to improve key competencies that accelerate digital transformations. With our excellent client services we help partners to make the difference. The acquisition by SIG has proven to be a great step forward, fueling the further expansion of our global footprint.””

SIG provides an independent view on the quality of People, Processes and Technology. Where 2021 has proven to be a very strong year, we are exceedingly confident that in 2022 SIG will surpass these achievements in continuing to build that healthier digital world. 




About SIG
Software Improvement Group (SIG) helps organizations trust the technology they depend on. We combine our intelligent technology with our human expertise to dig deep into the build quality of enterprise software and architecture – measuring, monitoring, and benchmarking it against the world’s largest software analysis database.

The SIG software analysis laboratory is the only one in the world accredited according to ISO/IEC 17025 for software quality analysis. Founded in 2000, SIG is headquartered in Amsterdam, with offices in New York, Copenhagen, Antwerp and Frankfurt.

Learn more: www.softwareimprovementgroup.com
10.06.2024
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SIG M&A Software Analysis Reveals Concerning Trends In Software Quality

NEW YORK, NY, USA, June 10, 2024

Software Improvement Group (SIG), the leading independent institute specializing in software health analysis, has significant concerns about the quality of software involved in mergers and acquisitions (M&A). Out of 531 M&A-related software projects analyzed, SIG found that the average software quality scores were significantly below the market average. This implies that companies face two times lower development efficiency and a considerably higher risk of defects and vulnerabilities.

Key findings

  • Quality Scores Below Market Average: The study revealed that software involved in these transactions often lags behind industry standards, presenting substantial risks for acquirers.
  • High Technical Debt: On average, technical debt constitutes 31% of the total code volume, indicating severe underlying issues in software maintainability and scalability.
  • Informed Investment Decisions: Companies that utilized SIG’s software economics methodology were able to make strategic investments to mitigate these technical debt challenges effectively.

SIG possesses unparalleled expertise and resources to assess the build quality, scalability, and security of software assets. With the world’s largest software metrics database, encompassing an impressive 200 billion lines of code and 18,000 system inspections spanning over 300 technologies, SIG provides comprehensive evaluations that stand as a testament to our unwavering dedication to creating a healthier digital world.

Luc Brands, CEO of Software Improvement Group: “At SIG, we believe private equity firms are not as in control as they could and should be. Through software economics, we ensure thorough code analysis, benchmarking, architecture investigation, and cost modeling. This approach guarantees clarity regarding the true scalability of acquired assets.”

To further facilitate this conversation, Software Improvement Group and Carnegie Mellon University (CMU) will be hosting a webinar titled “Software Economics for Private Equity: How to Evaluate the Quality and Value of Software Assets” on June 27th. The webinar will provide private equity companies with insights into the importance of software asset valuation. Private equity firms are invited to join the webinar to gain valuable knowledge and insights from industry experts.

In conclusion, software assets represent a significant opportunity for private equity firms to drive value creation. By embracing advanced software economics and leveraging SIG’s expertise, private equity firms can make informed decisions that maximize returns and mitigate risks in their software investments.

For more information about SIG and to register for the upcoming webinar, please visit Software Improvement Group’s webinar page.

For the full report, visit the benchmark report.

About SIG
Software Improvement Group (SIG) leads in traditional and AI software quality assurance, empowering businesses and governments worldwide to drive success with reliable and robust IT systems. Sigrid® – its software excellence platform – analyzes the world’s largest benchmark database of over 200 billion lines of code across more than 18,000 systems in 300+ technologies, and intelligently recommends the most crucial initiatives for organizations. SIG complies with multiple ISO/IEC standards, including ISO/IEC 27001 and 17025, and has co-developed ISO/IEC 5338, the new global standard for AI lifecycle management.
SIG was founded in 2000 and has offices in New York, Copenhagen, Brussels, and Frankfurt, and is headquartered in Amsterdam.

Sigrid®, together with expert consultants, and nearly 25 years of industry-leading research, position Software Improvement Group as the foremost authority on software excellence.

For more information, please visit Software Improvement Group’s website or social media channels.

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