SAN FRANCISCO, May 10, 2018 (GLOBE NEWSWIRE) -- Segment, the customer data platform, was recognized as one of the 50 Highest Rated Private Cloud Computing Companies To Work For in a new list released by Battery Ventures, a global investment firm, and Glassdoor, one of the world’s largest job and recruiting sites. The list highlights 50 independent, private companies—all business-to-business cloud companies—where employees report the highest levels of satisfaction at work, according to employee feedback shared on Glassdoor.
The distinction placed Segment at No. 13 (out of 50 total) with an overall company rating of 4.7 on a scale of 1-5. The broader average across Glassdoor is 3.4. Segment CEO Peter Reinhardt has a 100 percent approval rating on Glassdoor—compared to an average of 69 percent for all 770,000 employers on the site. The company has a 97 percent positive business-outlook rating, again based on feedback shared by employees. The broader Glassdoor average is 48 percent. A positive business outlook means employees believe business will improve in the next six months.
“Since we first partnered with Glassdoor to compile this list in 2016, the cloud has only grown in influence and market power,” said Neeraj Agrawal, a Battery general partner who specializes in cloud investing. “It was also significantly tougher to make the list this year, with 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.”
More broadly, “we view these rankings as a key indicator of company health and potential growth,” said Agrawal, who also serves on the board of Glassdoor. A Glassdoor economic research study and third-party studies show that companies with high employee satisfaction often post stronger financial performance.
“Segment’s culture is built around impact – the idea that every team member, regardless of their role, works on projects that make a difference,” said Adriana Roche, vice president of People and Places at Segment. “We see the positive feedback from our employees as a sign that we are succeeding in building a community where people are excited about the work they do every day. It is a testament to the strength of our core values and the amazing work by everyone at Segment.”
Glassdoor noted that 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 promote transparency; and companies with experienced senior leaders who regularly and clearly communicate with employees. For instance, according to one anonymous employee review of Segment on Glassdoor:
“My Segment co-workers are some of the smartest, most ambitious, but also most humble and most encouraging people, I've ever worked with. In addition to the amazing team, Segment is built on strong company values that drive us to work hard, pay attention to the details, help one another out and never forget that we as people and as a company are part of a larger community that we must help take care of.”
About Segment
Segment is the infrastructure for your customer data. Use one API to unlock 200+ tools for every team in your company. With Segment, developers can stop building tedious and expensive one-off data integrations while business users can compute important traits about each customer and push this data to their favorite apps for analytics and personalization. Segment is trusted by thousands of companies including Gap Inc., New Relic, Instacart, Intuit, and Time. For more information visit https://segment.com.
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 and Israel. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies.
Disclaimer: 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.
Danielle Stickler
segment@bateman-group.com