SAN MATEO, Calif., Aug. 31, 2017 /PRNewswire/ -- Apttus, the category-defining Quote-to-Cash solution provider, today announced it has been named to the Forbes Cloud 100 for the second consecutive year. In 2016, the company was named to the inaugural Forbes Cloud 100 list, ranking 67th. Developed in partnership with Bessemer Venture Partners, the list celebrates the world's top 100 private cloud companies that are redefining the future for all industries and sectors, specifically with advancements in software, cloud security, and platform development. The Forbes 2017 Cloud 100 is published online at www.forbes.com/cloud100 and appears in the July 27, 2017 issue of Forbes magazine.
Apttus' comprehensive suite of SaaS-based applications streamlines and improves sales quoting, E-Commerce, contracts, incentives, renewals, billing and order management processes, maximizing revenue and business outcomes for the world's largest and most sophisticated global enterprises, including 100 of the Fortune 500. Apttus' solutions run on the Apttus Intelligent Cloud, an enterprise-grade, purpose-built platform powered by the industry's most trusted cloud infrastructure from Salesforce and Microsoft Azure.
"From the very beginning, we were passionate about building something great, an industry. The explosive growth of the Enterprise Contract Management and Quote-to-cash market clearly underscores the business need for Apttus," said Kirk Krappe, Apttus Co-founder, chairman and CEO. "This second recognition by Forbes further validates Apttus' unmatched ability to deliver successful business outcomes for our customers. As we continue to grow and innovate, we look forward to providing our customers new levels of speed, efficiency and visibility to every facet of their revenue operations."
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.
"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."
"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."
Apttus, the category-defining Quote-to-Cash and Contract Lifecycle Management technology company, drives the vital business process between a buyer's interest and the realization of revenue. Utilizing a patented combination of SaaS-based applications, the Apttus Intelligent Cloud maximizes revenue and business outcomes for companies of all sizes, including 100 of the Fortune 500. Enhanced by Machine Learning and Max, an Intelligent Agent, Apttus applications include Configure Price Quote (CPQ), E-Commerce, Contract Management, Incentives Management, Renewals, Billing and Order Management. The Apttus Intelligent Cloud is powered by the world's most trusted cloud platforms, including Salesforce and Microsoft Azure. Apttus is based in San Mateo, California, with additional offices located across the globe. For more information visit: apttus.com.