BOSTON and SAN FRANCISCO and NEW YORK, May 02, 2018 (GLOBE NEWSWIRE) -- Battery Ventures, a global investment firm that backs cloud companies, and Glassdoor*, one of the world’s largest job and recruiting sites, have partnered for the second time to reveal the 25 Highest Rated Public Cloud Computing Companies to Work For, as well as the 50 Highest Rated Private Cloud Computing Companies to Work For. This year’s lists highlight many new, fast-growing cloud firms as well as publicly traded, business-focused cloud stalwarts, and represent those where employees report the highest levels of satisfaction at work, according to employee feedback shared on Glassdoor.
These innovative companies are powering the trend of businesses increasingly turning to the cloud to run critical technology systems and software, instead of using on-premise systems. The highest-rated companies on both lists sell cloud technology in a range of areas, including sales, marketing, human resources, social media management and even more-niche industries like construction and home services.
“Since we first partnered with Glassdoor to compile these lists, the cloud has only grown in influence and market power, and some of the private companies we previously featured have now gone public or been acquired,” said Neeraj Agrawal, a Battery general partner who specializes in cloud investing. “It was also significantly tougher to make each list this year, with these business-focused companies requiring a higher Glassdoor rating to make the cut—showing that companies can’t rest when it comes to focusing on culture and employee happiness.” This year’s private-list cutoff was a rating of 4.4, compared to 4.1 on the prior list.
More broadly, “we view these rankings as a key indicator of company health and potential growth,” said Agrawal, who will discuss the lists and their implications at this week’s CloudNY conference, a high-profile, invite-only event for cloud CEOs that Battery co-produces annually with investment firm FirstMark. “Glassdoor serves an important role in promoting corporate transparency.” Agrawal also serves on the board of Glassdoor. A Glassdoor economic research study, as well as other third party studies, also show that companies with high employee satisfaction often post stronger financial performance.
The reports also include data on whether employees approve, or disapprove, of their companies’ CEOs and gauge their views on how their companies’ businesses will perform in the next six months (though these additional data points did not impact the overall company ratings or rankings).
Leading the overall public-company list was marketing-software firm HubSpot, while San Francisco-based Algolia, the hosted search-API company, earned the #1 ranking on the private list. Companies on last year’s private list that have since gone public, or been acquired, include Dropbox, Coupa*, AppDynamics* and Okta.
For reporting simplicity, the company ratings below are rounded to the nearest tenth of a point, though actual calculations extend beyond the thousandth decimal place to determine rank. The ratings are based on a five-point scale, with 1.0 denoting “very dissatisfied”, 3.0 indicating “OK” and 5.0 signaling “very satisfied.”
Here are the highest-rated public and private cloud-computing companies to work. Full lists of the highest-rated 50 private companies and 25 public companies can be found here.
| 25 Highest Rated Public Cloud Companies to Work For | |||||
| Rank | Company | Score | CEO Name | CEO Approval Rating | Positive Biz Outlook Rating |
| 1 | HubSpot | 4.6 | Brian Halligan | 96% | 89% |
| 2 | Ultimate Software | 4.5 | Scott Scherr | 97% | 90% |
| 3 | Guidewire Software* | 4.5 | Marcus Ryu | 97% | 89% |
| 4 | SendGrid | 4.5 | Sameer Dholakia | 97% | 89% |
| 5 | Paylocity | 4.4 | Steven Beauchamp | 97% | 88% |
| 6 | Instructure | 4.4 | Josh Coates | 94% | 86% |
| 7 | Nutanix* | 4.3 | Dheeraj Pandey | 96% | 88% |
| 8 | Zendesk | 4.3 | Mikkel Svane | 95% | 82% |
| 9 | AppFolio | 4.3 | Jason Randall | 99% | 84% |
| 10 | Shopify | 4.3 | Tobias Lütke | 91% | 86% |
| 50 Highest Rated Private Cloud Companies to Work For | |||||
| Rank | Company | Score | CEO Name | CEO Approval Rating | Positive Biz Outlook Rating |
| 1 | Algolia | 4.9 | Nicolas Dessaigne** | 100% | 100% |
| 2 | Asana | 4.9 | Dustin Moskovitz | 100% | 95% |
| 3 | Canopy | 4.9 | Kurt Avarell | 100% | 98% |
| 4 | SalesLoft | 4.8 | Kyle Porter | 98% | 100% |
| 5 | Sprout Social | 4.8 | Justyn Howard | 99% | 96% |
| 6 | Procore Technologies | 4.8 | Tooey Courtemanche | 98% | 95% |
| 7 | Outreach | 4.8 | Manny Medina** | 100% | 97% |
| 8 | Datorama | 4.8 | Ran Sarig | 100% | 93% |
| 9 | Greenhouse Software | 4.7 | Daniel Chait | 96% | 95% |
| 10 | Health Catalyst | 4.7 | Dan Burton | 98% | 92% |
| 11 | Lucid | 4.7 | Karl Sun | 99% | 92% |
| 12 | Podium | 4.7 | Eric Rea | 94% | 92% |
| 13 | Segment | 4.7 | Peter Reinhardt** | 100% | 97% |
| 14 | Justworks | 4.7 | Isaac Oates | 100% | 94% |
| 15 | PagerDuty | 4.7 | Jennifer Tejada | 98% | 92% |
| 16 | Slack | 4.7 | Stewart Butterfield | 99% | 96% |
| 17 | nCino | 4.7 | Pierre Naudé | 98% | 97% |
| 18 | Looker | 4.7 | Frank Bien | 95% | 94% |
| 19 | ForgeRock | 4.7 | John Fernandez (new) | N/A | 90% |
| 20 | BounceX | 4.7 | Ryan Urban | 95% | 92% |
| 21 | InVision* | 4.6 | Clark Valberg | 86% | 86% |
| 22 | ThousandEyes | 4.6 | Mohit Lad | 97% | 90% |
| 23 | ServiceTitan* | 4.6 | Ara Mahdessian | 89% | 90% |
| 24 | Elementum | 4.6 | Nader Mikhail | 94% | 87% |
| 25 | HireVue | 4.6 | Kevin Parker** | 91% | 94% |
Employees at these highly rated companies commonly mention in online reviews that they enjoy working for mission-driven companies with strong and unique company cultures; employers that embrace and promote transparency; and companies with experienced senior leadership teams who regularly and clearly communicate with employees. Here is a sample of what employees have to say:
- “While quite a lot has changed, the reason I joined is the reason I stay - I'm constantly surrounded by bright, engaged, dedicated colleagues. People who work at HubSpot really care about the company and we've continued to attract exceptional talent.” – HubSpot employee (Boston, MA)
- “From day one, the entire organization makes you feel at home and gives you autonomy in how you ramp up. The people here are hard-working, humble, and bring a variety of skillsets from diverse backgrounds.” – Algolia sales employee (San Francisco, CA)
Glassdoor offers all of the latest job listings online, paired with 40 million workplace reviews and insights for approximately 770,000 companies around the world. Currently, the average company rating on Glassdoor is 3.41. When an employee submits a company review on Glassdoor, he or she is asked to give their opinion on some of the best reasons to work for their employer (pros), any downsides (cons), and is encouraged to provide advice to management. Employees are also asked to rate how satisfied they are with their employer overall, among several other workplace attributes employees can rate and review.
Methodology: The private- and public-company reports identify cloud computing companies that are highest rated on Glassdoor, based on company ratings shared by employees. To be considered, a cloud company must have received at least 30 company reviews on Glassdoor as of 3/18/18. The private-company report tracks independent, non-public cloud companies that, according to Battery research and data from research service Crunchbase, are based in the U.S.; have a B2B business model; are categorized as SaaS, cloud-computing and/or enterprise software, according to Crunchbase; have more than 200 employees (as of 4/13/2018, according to company data provided to LinkedIn and Battery research); and have raised funding over the past three years (on or after 7/1/14). The public-company report tracks public cloud companies with a B2B business model that have at least $500 million in total enterprise value as of April 15, 2018, according to CapIQ.
A company’s CEO approval rating and positive business outlook rating—indicating the percentage of employees who believe their employer’s business will get better in the next six months--was not taken into account to determine rank or overall company rating on either list, though we display these added data points for additional insight into each of these companies.
*By a company name denotes a Battery investment. For a full list of all Battery investments and exits, please click here.
**Next to CEO approval rating or positive business outlook rating denotes the data is based on less than 30 ratings.
Views contained herein are for informational purposes only and should neither be considered investment advice nor construed or used as an offer and/or recommendation to buy or sell a security.
About Battery Ventures
Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London, Israel and New York. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.
About Glassdoor
Glassdoor is one of the largest job and recruiting sites in the world today. Set apart by the tens of millions of reviews and insights provided by employees and candidates, Glassdoor combines all the jobs with this valuable data to make it easy for people to find a job that is uniquely right for them. As a result, Glassdoor helps employers hire truly informed candidates at scale through effective recruiting solutions like job advertising and employer branding products. Launched in 2008, Glassdoor now has reviews and insights for more than 740,000 companies in more than 190 countries. For labor market trends and analysis, visit Glassdoor Economic Research. For company news and career advice and tips, visit the Glassdoor Blog and for employer-related news and insights to help employers hire, visit the Glassdoor for Employers Blog. Visit Glassdoor.com or download our apps on iOS and Android platforms.
About CloudNY
CloudNY is the premier, invite-only conference for the CEOs of breakout cloud and SaaS (software-as-a-service) companies. Co-hosted by Battery Ventures and FirstMark, CloudNY is focused on offering founders and CEOs of private companies battle-tested advice to help them scale their teams and grow revenues to $100 million and beyond. This year’s event will be held May 3 in New York. Current and past speakers at CloudNY include founders and CEOs from MongoDB, Coupa*, Zendesk, Twillio, Splunk*, Stripe, Netsuite, Veeva and other high-profile cloud enterprises. For more information, please visit www.cloudny.com.
Glassdoor® is a registered trademark of Glassdoor, Inc.
Media Contacts:
Battery Ventures: Megan Dyer Maxwell, GMK Communications for Battery, megan@gmkcommunications.com
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1 Glassdoor Internal Data, March 2018