Namely is Recognized on the Forbes Cloud 100 for Third Consecutive Year

NEW YORK, Sept. 13, 2018 /PRNewswire/ -- Namely, the leading HR platform for mid-sized companies, has been recognized on the Forbes Cloud 100, the definitive list of the top 100 private cloud companies in the world, published by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures.

"We're honored to be recognized by Bessemer Venture Partners, Forbes and Salesforce Ventures as one of the top 100 private cloud companies in the world for the third year in a row," said Elisa Steele, CEO of Namely. "Namely prides itself on being a leading HR cloud company, and we look forward to continuing on our path to being the absolute best solution for mid-sized companies."

As part of the rigorous selection process for the Forbes 2018 Cloud 100, Bessemer Venture Partners received submissions from the top cloud startups. The Forbes Cloud 100 judging panel, including top public cloud company CEOs, reviewed the data to select, score and rank the top 100 cloud companies from all over the world. The evaluation process involved four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%).

"For the past three years, the Cloud 100 list has identified the top cloud companies that are reshaping their respective industries," said Alex Konrad, Forbes editor of the Cloud 100. "I am consistently impressed by the caliber of companies honored on the Cloud 100 list. It is an exciting time to be a cloud company and founder."

"All of the twenty-five cloud IPOs and major cloud acquisitions over the past three years have been prior members of the Cloud 100, and we absolutely expect that the dominant public cloud companies of the future will also come from this list," said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. "The 2018 Cloud 100 represents well over $135B in private shareholder value--an astonishing figure that reminds us yet again of the power of the cloud. The way we do business will be dramatically different as a result of these companies and I am honored to celebrate the remarkable accomplishments of the founders and teams behind each company on the 2018 Cloud 100."

"The business opportunity for cloud companies is tremendous today as capital investment, customer demand and rate of adoption continues to grow," said Matt Garratt, Managing Partner, Salesforce Ventures. "We're excited to see the potential of these companies and look forward to seeing what innovative technology they deliver around the world."

About Namely

Namely is the first HR platform that employees actually love to use. Namely's award-winning, powerful, easy-to-use technology allows companies to handle all of their HR, payroll, time management, and benefits in one place. Coupled with dedicated account support, every Namely client gets the software and service they need to deliver great HR and a strong, engaged company culture. Namely is used by over 1,000 clients with over 175,000 employees globally. Headquartered in New York City, the company is backed by investors including Altimeter Capital, GGV Capital, Matrix Partners, Scale Venture Partners, Sequoia Capital, Tenaya Capital, and True Ventures. For more information, visit www.Namely.com.

SOURCE Namely

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