Smartsheet Named to Forbes' 2017 List of World's Top 100 Private Cloud Companies

BELLEVUE, Wash., July 11, 2017 /PRNewswire/ -- Smartsheet, the world's leading SaaS platform for managing and automating collaborative work, today announced that for the second year in a row it has been named to the Forbes Cloud 100, the definitive list of the top 100 private cloud companies in the world. The list, developed in partnership with Bessemer Venture Partners, aims to 'recognize cloud companies for the financial health and growth of their business'.

"We're honored to be named to the Forbes Cloud 100 list for the second consecutive year, alongside some of the world's most impactful tech companies," said Mark Mader, CEO of Smartsheet. "The cloud is evolving in new and exciting ways, and we have the privilege of enabling organizations around the world to realize the transformative impact of the cloud for managing and automating collaborative work. We look forward to extending our category leadership and providing next-gen cloud technologies that provide our customers a distinct competitive advantage."

This award builds on Smartsheet's considerable momentum this year. Last month, Smartsheet announced it had raised $52.1 million in Series F funding, bringing its total financing to more than $120 million. The company also recently announced ENGAGE, its first-ever customer conference taking place this September, hired a new SVP from Amazon Web Services, and expanded its Microsoft Office 365 integrations.

"Our inaugural Cloud 100 list showed the tech and venture capital community just how many standout private cloud companies there are to watch, and this year's list is no exception," said Forbes editor of the Cloud 100 list Alex Konrad. "Forbes has a keen eye for businesses, and combining that with Bessemer Venture Partners and Salesforce Ventures' deep knowledge of the cloud industry, any company's inclusion on the Forbes 2017 Cloud 100 list is cause to celebrate."

"These companies are leading the cloud technology revolution!" said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. "The founders and teams behind the Forbes 2017 Cloud 100 companies are of another caliber and we are beyond excited to celebrate the hard work and enormous value these companies are creating as they propel the trillion-dollar software industry forward."

"The business opportunity for cloud computing is tremendous as the spend on cloud computing and the rate of adoption continues to grow and advance the ecosystem," said John Somorjai, EVP Salesforce Ventures and Corporate Development. "We're thrilled to highlight the potential of these top-tier private companies in the field and see where they take their businesses and the economies around the world."

Methodology
As part of the rigorous selection process for the Forbes 2017 Cloud 100, Forbes' data partner, Bessemer Venture Partners, received hundreds of submissions from the top cloud startups. With that data, the Forbes Cloud 100 judge panel, made up of a majority of public cloud company CEOs, was then responsible for selecting and ranking the top 100 companies from all over the world. The evaluation process involved four factors: estimated valuation (30%), operating metrics (20%), people & culture (15%) and market leadership (35%), which the judge panel then weighed to select, score and rank the winners.

About Smartsheet
Smartsheet is the world's leading SaaS application for managing and automating collaborative work. Our award-winning solutions deliver value for more than 69,000 brands and millions of information workers across more than 190 countries. Recently named to the Forbes Cloud 100 list of the world's best cloud companies, customers like Netflix, Salesforce, the GSA, Google, and over half of the Fortune 500 use Smartsheet internally, with clients, and partners.

Smartsheet is headquartered in Bellevue, Washington and, as of July 2017, has more than 590 employees in its Bellevue and Boston offices. To learn more, visit www.Smartsheet.com.

SOURCE Smartsheet

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