SOURCE: Domo, Inc.

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September 08, 2016 01:12 ET

Domo Named to First-Ever Forbes 2016 World's Best 100 Cloud Companies List

SILICON SLOPES, UT--(Marketwired - September 08, 2016) - Domo, provider of the world's first cloud-based platform for business optimization, has been named to the inaugural Forbes 2016 Cloud 100, the definitive list of the top 100 private cloud companies in the world, developed in partnership with Bessemer Venture Partners. The list will appear in the October 4, 2016 issue of Forbes magazine.

"Cloud companies are revolutionizing how businesses reach their customers today from digitizing painful old processes to allowing them more time to focus on what they really care about -- what makes their products unique," said Forbes editor of the Cloud 100 list Alex Konrad. "Inclusion in the Forbes 2016 Cloud 100 list recognizes a company for its financial growth and excellence as recognized by customers and peers."

Domo's customizable platform gives decision makers across a wide-variety of organizations the ability to make faster and better-informed decisions to improve business performance. Domo serves more than 20 percent of the Fortune 50 and 1,000 enterprise customers including organizations such as DHL, eBay, MasterCard, Ogio, SAB Miller and TELUS. The company has been honored with a number of accolades in recent months. A list of these honors is available at: https://www.domo.com/company/accolades.

"These are the companies to watch," said Byron Deeter, a leading cloud investor and partner at Bessemer Venture Partners. "The Forbes Cloud 100 companies represent the very best private companies in cloud computing. We will see big IPOs and category killers emerge from this list as cloud computing continues to propel the trillion-dollar software industry."

To view the full list of winners, visit www.forbes.com/cloud100.

Methodology

The first-ever Forbes 2016 Cloud 100 list profiles the world's top-tier private companies leading the cloud technology revolution, plus twenty rising stars within the field. With advancements in software, cloud security, or platform development, these companies are redefining the future for all industries and sectors.

Forbes, in partnership with Bessemer Venture Partners, received hundreds of submissions to identify the most promising private companies in cloud. The Forbes 2016 Cloud 100 was selected by a panel of judges representing leading public cloud companies, using qualitative and quantitative data submitted by nominees, along with publically available third-party data sources.

Recognition
Every company named to the Forbes 2016 Cloud 100 is recognized in print and online by Forbes, and Forbes' partners Bessemer Venture Partners and Salesforce Ventures. The companies also receive physical awards and digital badges signifying their inclusion on this exclusive list, as well as an invitation to the celebratory Cloud 100 Awards Dinner, hosted in San Francisco by Forbes, Bessemer Venture Partners and Salesforce Ventures.

About Domo
Domo helps every employee -- from the CEO to the front line worker -- optimize business performance by connecting them to the right data and people they need to improve business results. Domo's Business Cloud is the world first customizable platform that enables decision makers to identify and act on strategic opportunities in real time. The company is backed with more than $500 million from the world's best investors and is led by a management team with tenure at the world's most well-known technology companies. For more information, visit www.domo.com. You can also follow Domo on Twitter, Facebook, LinkedIn, Google+, Instagram and Pinterest.

Domo and Business Cloud are trademarks of Domo, Inc.

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