SAN JOSE, Calif. – July 12, 2017 – Intacct, the innovation and customer satisfaction leader in cloud ERP software, today announced it has been named for the second year in a row to the Forbes Cloud 100 list. Notably, Intacct placed in the Top 50 as well. This is considered the definitive list of the top 100 private cloud companies in the world, published by Forbes in collaboration with Bessemer Venture Partners.
Intacct and the other top companies on the 2017 Forbes Cloud 100 will be celebrated in San Francisco at The Cloud 100 Celebration, an exclusive event hosted by Bessemer Venture Partners, Forbes and Salesforce Ventures.
“This recognition from Forbes, Bessemer Venture Partners, and Salesforce Venture is further validation of Intacct being at the forefront of innovation in the cloud ERP market,” said Rob Reid, CEO of Intacct. “Intacct is committed to innovation in the cloud ERP space, advancing our leadership in the software industry, and continuing to provide our customers with the best software on the market.”
As part of the rigorous selection process for the 2017 Forbes Cloud 100, Forbes’ data partner, Bessemer Venture Partners, received hundreds of submissions from cloud vendors of all sizes. With that data, the Forbes Cloud 100 judging 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 panel then weighed to select, score, and rank the winners.
“Our inaugural Cloud 100 list in 2016 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 2017 Forbes 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 2017 Forbes 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.”
The 2017 Forbes Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the July 27, 2017 issue of Forbes magazine.