Software ECOsystem (SECO) is a new and rapidly evolving phenomenon in the field of software engineering. It is an approach through which many variables can resolve complex relationships among companies in the software industry. SECOs are gaining importance with the advent of the Google Android, Apple iOS, Microsoft and Salesforce.com ecosystems. It is a co-innovation approach by developers, software organizations, and third parties that share common interest in the development of the software technology. There are limited researches that have been done on SECOs hence researchers and practitioners are still eager to elucidate this concept.