SAN FRANCISCO, April 25, 2019 /PRNewswire/ -- Demandbase, the leader in Account-Based Marketing (ABM), was recognized as one of the 50 Highest Rated Private Cloud Computing Companies To Work For in a list released by Battery Ventures, a global investment firm and cloud investor, with data specifically provided by Glassdoor*, one of the world's largest job and recruiting sites. The list highlights 50 privately held companies — all business-to-business, cloud-computing companies — where employees report the highest levels of satisfaction at work, according to employee feedback shared on Glassdoor.
The distinction assigned Demandbase an overall company rating of 4.4 with the broader average across Glassdoor at 3.4. Demandbase's CEO, Chris Golec, boasts a 96% approval rating on Glassdoor — compared to an average of 69% for all approximately 900,000 employers on the site — and the company has an 87% positive business-outlook rating, again based on feedback shared by employees, with the broader Glassdoor average at 49%. A positive business outlook means employees believe business will improve in the next six months.
This is the third year Battery has issued the list, along with a related ranking of the 25 Highest Rated Public Cloud Computing Companies to Work For. The rankings highlight the broader trend of businesses increasingly turning to the cloud to run critical technology systems and software, instead of using on-premise systems.
They also highlight the increasing importance of cohesive culture and employee happiness in running a successful business, said Neeraj Agrawal, a Battery general partner who specializes in cloud investing.
"The private companies on this list have not only scaled their products, teams and business functions—but they've managed to scale culture," Agrawal said. "We view these rankings as a key indicator of company health and longevity, and we hope all companies on this list view it as an honor to be included." It was also more difficult to make the list this year, compared with last year, Agrawal added. A Glassdoor economic research study, as well as other third party studies, show that companies with high employee satisfaction often post stronger financial performance.
"In addition to pioneering and leading the Account-Based Marketing technology category, creating a transparent, collaborative and innovative environment where employees can grow and thrive has always been at the core of Demandbase," said Golec. "I'm honored that our employees rate Demandbase as a great place to work year after year and am proud of the incredible team and culture we've built together."
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 Demandbase on Glassdoor:
"Everything seems too good to be true (but it is true). The company has a fantastic culture. Every experience I've had so far, from the initial conversations with HR to the amazing enablement team after I started – has been positive, rewarding, and a breath of fresh air. Every employee is smart, driven, and proven."
Full lists of the highest-rated 50 private cloud companies and 25 public cloud companies to work for can be found here.
Demandbase is the leader in Account-Based Marketing (ABM). The company offers the only Artificial Intelligence-enabled, comprehensive ABM platform that spans Advertising, Marketing, Sales and Analytics. Enterprise leaders and high-growth companies such as Accenture, Adobe, DocuSign, GE, Salesforce and others use Demandbase to drive their ABM strategy and maximize their marketing performance. The company has been named to the JMP Securities list "The Hot 100: The Best Privately Held Software Companies," the Deloitte Fast 500 and named a Gartner Cool Vendor for Tech Go-To Market. In 2019, Demandbase executives authored the definitive book on ABM, Account-Based Marketing: How to Target and Engage the Companies That Will Grow Your Revenue. For more information, please visit www.demandbase.com or follow the company on Twitter @Demandbase.
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, New York 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 here.
*By a company name, denotes a Battery investment. For a full list of all Battery investments and exits, please click here.