Forbes Cloud 100

Yardi Makes List for 4th Year

By Leah Etling on Sep 12, 2019 in News

Yardi has been named for the fourth time to the Forbes Cloud 100, the definitive list of the top 100 private cloud companies in the world. Yardi landed at #30 on the list for 2019.

“We’re honored that Forbes recognized us again this year for our industry-leading cloud solutions,” said Jay Shobe, vice president of cloud services at Yardi. “To continue to rank among these prestigious companies reflects the efforts of our employees and the tremendous support of our clients worldwide.”

Published by Forbes in collaboration with Bessemer Venture Partners, the list will appear in the Sept. issue of Forbes magazine and is available at forbes.com/cloud100. Award winners were first announced Tuesday night at a gala awards dinner in San Francisco.

The evaluation process involved four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), people & culture (15%), which the judge panel then weighed to select, score and rank the winners. With that data, the Forbes Cloud 100 judge panel, which includes major public cloud company CEOs, was then responsible for selecting and ranking the top 100 companies worldwide.

“The private cloud ecosystem has matured, making the competition to land one of the coveted spots on the Forbes Cloud 100 list steeper than ever,” said Byron Deeter, a top cloud investor, and partner at Bessemer Venture Partners. “In fact, the average valuation of a company on our inaugural list just four years ago was $1 billion, while the average valuation on this year’s list spiked to $1.7 billion. These founders represent the absolute best in cloud computing today, and they will most certainly follow in the footsteps of our esteemed Forbes Cloud 100 alumni. Congratulations to these cloud leaders!”

“There has been tremendous growth in the cloud market in recent years, as more and more companies are adopting cloud technologies to enable their digital transformation and change how they do business. The opportunity is massive in the cloud sector, which is evident in both the public and private sectors. There are now more than 15 public SaaS companies valued at over $10B whereas even 5 years ago there were only 2,” said Matt Garratt, Managing Partner, Salesforce Ventures.

“The growth we are seeing is not limited to the Bay Area and San Francisco, as we are seeing more $1B+ cloud companies spring up throughout the U.S. and globally. Salesforce Ventures is excited to be partnering with Bessemer Venture Partners and Forbes for the fourth year in a row to recognize the next generation of companies who will land on the Forbes Cloud 100 list—those who are not just predicting what’s coming but working to create the future.”

“For four years now, we have ranked the best and brightest emerging companies in the cloud sector,” said Alex Konrad, Forbes editor of the Forbes Cloud 100. “With so many businesses growing fast in the cloud, from cybersecurity and marketing to data analytics and storage, it’s harder than ever to make the Forbes Cloud 100 list – but with more elite company if you do. Congratulations to each of the 2019 Forbes Cloud 100 honorees and the 20 Rising Stars honorees poised to join their ranks!”