SOURCE: Battery Ventures; Glassdoor

Battery Ventures; Glassdoor

Battery Ventures; Glassdoor

October 13, 2016 09:15 ET

Glassdoor, Battery Ventures Reveal the 25 Highest-Rated Public Cloud Computing Companies to Work for

Ultimate Software, Instructure, HubSpot Take Top Spots; Cloud Computing Companies Growing Globally

BOSTON, MA and MILL VALLEY, CA--(Marketwired - Oct 13, 2016) - Battery Ventures, a global investment firm that backs cloud companies, and Glassdoor*, the world's most transparent jobs and recruiting marketplace, have partnered to reveal the 25 Highest Rated Public Cloud Computing Companies To Work For. The roundup of public companies builds on a similar, previous list of privately held cloud companies released by Battery and Glassdoor in August.

The new list highlights 25 larger, publicly traded companies -- all focused on "business-to-business" cloud computing -- where employees report the highest levels of satisfaction at work, according to employee feedback shared on Glassdoor. The top five highest-rated companies were Ultimate Software; Instructure; HubSpot; Zendesk; and Guidewire.

Cloud technologies continue to transform traditional business services by lowering costs, improving usability and speeding the secure delivery of key software and IT infrastructure. The highest-ranked public companies on the newest Battery/Glassdoor list deliver a broad range of services, from marketing-automation tools, to technology for chief financial officers, to human resources and IT-operations support. The report also includes data on whether employees approve, or disapprove of their companies' CEOs and gauges their view on how their company's business will perform in the next six months (though these additional data points did not impact the overall company ratings or rankings).

"Cloud-computing companies are rapidly becoming some of the largest, fastest growing technology companies in the world-and not all of them, like Ultimate Software and Instructure, are household names," said Neeraj Agrawal, a Battery general partner who specializes in cloud and "software as a service" (SaaS) investing. "As savvy job seekers try to tap into this new ecosystem, they appreciate information about which cloud companies are the most well-regarded by employees. This transparency is critically important for people making one of the largest decisions in their lives-where to work." Agrawal also serves on the board of Glassdoor. 

Ultimately, "happy employees lead to happy customers," Agrawal added, and drive revenue and profits.

For reporting simplicity, the company ratings below are rounded to the nearest tenth of a point, though actual calculations extend beyond the thousandth 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."

The 25 Highest Rated Public Cloud Computing Companies To Work For are:

Glassdoor, Battery Ventures 25 Highest Rated Public Cloud Computing Companies To Work For
Rank   Name   Overall Company Rating  
CEO Name
  CEO Approval Rating   Positive Business Outlook Rating
1   Ultimate Software   4.6   Scott Scherr   99%   94%
2   Instructure   4.6   Josh Coates   98%   92%
3   HubSpot   4.6   Brian Halligan   95%   88%
4   Zendesk   4.6   Mikkel Svane   96%   92%
5   Guidewire*   4.5   Marcus Ryu   96%   91%
6   Paylocity   4.5   Steve Beauchamp   99%   90%
7   Demandware   4.5   Thomas Ebling   97%   90%
8   Five9   4.4   Mike Burkland   90%   87%
9   Shopify   4.4   Tobias Lütke   95%   84%
10   Wix   4.3   Avishai Abrahami   94%**   77%
11   Xero   4.2   Rod Drury   98%   78%
12   Salesforce   4.2   Marc Benioff   97%   85%
13   Cornerstone OnDemand   4.2   Adam Miller   94%   78%
14   Twilio   4.1   Jeff Lawson   92%   82%
15   Adobe   4.1   Shantanu Narayen   94%   81%
16   Splunk*   4.1   Doug Merritt   83%**   78%
17   LogMeIn   4.0   Bill Wagner   89%**   72%
18   CallidusCloud   4.0   Leslie Stretch   89%   81%
19   Mimecast   4.0   Peter Bauer   94%   64%
20   Workiva   4.0   Matthew M. Rizai   84%   69%
21   NetSuite   3.9   Zach Nelson   87%   73%
22   Box   3.9   Aaron Levie   93%   72%
23   MINDBODY   3.9   Rick Stollmeyer   97%   68%
24   Intuit   3.9   Brad Smith   94%   67%
25   Varonis Systems   3.9   Yaki Faitelson   82%   74%

Note: Demandware, ranked No. 7, has been acquired by Salesforce since this data was first collected, and No. 21 NetSuite has agreed to be acquired by Oracle.

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, some employees at #1 ranked Ultimate Software shared:

"Amazing Culture! Appreciated and cared for every day, not just during awards ceremonies. Great Salary, Benefits, Co-Workers, Customers / Ultimate Software is the total package." - Ultimate Software Systems Architect (Louisville, KY)

"Positive people-first culture. Fun place to work. Great benefits. Free food almost daily. Company is currently (as of 2016) in a financial boom." - Ultimate Software Employee (Weston, FL)

Glassdoor currently holds millions of workplace reviews, ratings and insights shared by employees anonymously on approximately 580,000 companies around the world. Currently, the average company rating on Glassdoor is 3.31. 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: This report identifies public cloud computing companies that are highest rated on Glassdoor, based on company ratings shared by employees. To be considered, a public cloud company must have received at least 30 company reviews on Glassdoor as of 8/2/16. The report tracks public cloud companies with a B2B business model that have at least $500 million in total enterprise value as of July 1, 2016. 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, though we display these added data points for additional insight and perspective 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. No part of this release should be considered investment advice or any recommendation or solicitation to buy our sell any security.

**Next to CEO approval rating denotes the data is based on less than 30 ratings.

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 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.

About Glassdoor
Glassdoor is the most transparent jobs and recruiting marketplace that is changing how people search for jobs and how companies recruit top talent. Glassdoor combines free and anonymous company reviews, ratings and salary reports with job listings to help job seekers find the best jobs and address critical questions that come up during the job search, application, interview and negotiation phases of employment. For employers, Glassdoor offers job posting, recruiting and employer branding solutions to help attract high-quality candidates at a fraction of the cost of other channels. In addition, Glassdoor operates one of the most popular job apps on iOS and Android platforms. Launched in 2008, Glassdoor has raised approximately $200 million from Google Capital, Tiger Global, Benchmark, Battery Ventures, Sutter Hill Ventures, DAG Ventures, Dragoneer Investment Group, funds and accounts advised by T. Rowe Price Associates, Inc. and others.

(c) 2016 Glassdoor, Inc. Glassdoor is a registered trademark of Glassdoor, Inc.

1 Glassdoor Internal Data, July 2016

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