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AppDirect Named On Forbes 2017 Cloud 100 List

Wednesday, August 02nd, 2017

San Francisco, CA – July 12, 2017 - AppDirect, the company changing the way the world buys business software, is ranked #32 on the Forbes 2017 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world. It is published by Forbes in collaboration with Bessemer Venture Partners to recognize the companies leading the charge in the digital cloud revolution. The Forbes 2017 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.

"We are honored to be recognized by Forbes, Bessemer Venture Partners and Salesforce Ventures as a top 100 cloud company and see this as a great milestone in our mission to make it easier for businesses around the globe to sell cloud services to their customers," said Daniel Saks, President, and Co-CEO of AppDirect. "By uniting providers, developers, and business consumers into a single ecosystem through our platform, we are enabling businesses to embrace digital transformation and buy, sell and manage vital cloud services. As the cloud continues to grow at lightning speed, we are very excited about what the future holds."

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 judging panel then weighed to select, score and rank the winners.

"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."

About AppDirect

AppDirect is the cloud service commerce leader, making software and products accessible to businesses globally. The AppDirect cloud service commerce platform unites providers, developers, and business consumers into a single ecosystem for buying, selling and managing cloud services, ultimately helping businesses gain access to the services they need to thrive. AppDirect-powered marketplaces, billing and distribution, and reselling services help providers – including Comcast, ADP, Zendesk, Deutsche Telekom and others – connect more than 30 million businesses to solutions from Microsoft, Google, GoDaddy, and more. AppDirect is headquartered in San Francisco with 13 global offices.

For Press inquiries, please contact marketing@appdirect.com.