Yardi Named Again to Prestigious Forbes Cloud 100 List

Recognized for the fifth consecutive
year among top-tier private companies leading the way in cloud technology

SANTA BARBARA, Calif., Sept. 16, 2020 – Global real estate technology provider Yardi® has been named for the fifth time to the Forbes Cloud 100, the definitive list of the top 100 private cloud companies in the world. Yardi was a member of the inaugural Cloud 100 in 2016, landed at No. 30 for 2019, and is No. 34 this year.

“We’re
honored that Forbes has recognized Yardi yet again for our industry-leading
cloud solutions,” said Jay Shobe, vice president of cloud services at Yardi.
“To continue to rank among these prestigious companies reflects the efforts of
our employees and the tremendous support of our clients worldwide.”

The
evaluation process involved four factors: market leadership (35%), estimated
valuation (30%), operating metrics (20%), people and culture (15%). The Forbes
Cloud 100 judge panel weighed the factors to select, score and rank the
winners. With that data, the judge panel, which includes major public cloud
company CEOs, was then responsible for selecting and ranking the top 100
companies globally.

“The private cloud ecosystem continues to mature in light of
rapid digital transformations, making the competition to land one of the
coveted spots on the Cloud 100 list steeper than ever,” said Byron Deeter, a
top cloud investor, and partner at Bessemer Venture Partners. “Private cloud
valuations are getting bigger as the market’s appetite for cloud continues to
grow. Over the past five years, the average Cloud 100 valuation has grown by a
tremendous 2.5x, from $1 billion in 2016 to $2.7 billion in 2020. In fact, our
2020 Cloud 100 includes over 87 private cloud unicorns! These founders
represent the absolute best in cloud computing today.”

“For
five years now, we have ranked the best and brightest emerging companies in the
cloud sector,” said Alex Konrad, Forbes editor of The Cloud 100. “With so many
businesses growing fast in the cloud, from data infrastructure to marketing,
it’s harder than ever to make the Cloud 100 list –but with more elite company
if you do. Congratulations to each of the 2020 Cloud 100 honorees and the 20
Rising Stars honorees poised to join their ranks!”

The Forbes 2020 Cloud 100 is published online at forbes.com/cloud100 and will appear in the September 2020 issue of Forbes magazine.

Bessemer Venture Partners

Bessemer Venture
Partners is the world’s most experienced early-stage venture capital firm. With
a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs
lay strong foundations to create companies that matter and supports them
through every stage of their growth. The firm has backed more than 120 IPOs,
including Pinterest, Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio,
SendGrid, PagerDuty, DocuSign, Wix, and MindBody. Bessemer’s 15 partners
operate from offices in Silicon Valley, San Francisco, New York City, Boston,
Israel, and India. For more information, please visit bvp.com. 

About Forbes

The defining voice of
entrepreneurial capitalism, Forbes champions success by celebrating those who
have made it, and those who aspire to make it. Forbes convenes and curates the
most influential leaders and entrepreneurs who are driving change, transforming
business and making a significant impact on the world. The Forbes brand today
reaches more than 160 million people worldwide through its trusted journalism,
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licensed local editions in 70 countries. Forbes Media’s brand extensions
include real estate, education and financial services license agreements. For
more information, visit the Forbes News Hub or Forbes Connect.

Salesforce Ventures

Salesforce is the global leader in Customer Relationship
Management (CRM), bringing companies closer to their customers in the digital
age. Salesforce Ventures, the global investment arm of Salesforce, invests in
the next generation of enterprise technology that extends the power of the
Salesforce Platform. Salesforce Ventures is building the world’s largest
ecosystem of enterprise cloud companies and extending that technology to
customers. Portfolio companies receive funding, strategic advisory, and
operating support, and can easily join Pledge 1% to make giving back
part of their business model. Salesforce Ventures has invested in more than 400
companies, including DocuSign, GoCardless, Guild Education, nCino, Twilio,
Zoom, and others across 22 countries since 2009. For more information, please
visit salesforce.com/ventures.

About
Yardi
Yardi® develops and supports industry-leading investment and
property management software for all types and sizes of real estate companies.
Established in 1984, Yardi is based in Santa Barbara, Calif., and serves
clients worldwide. For more information on how Yardi is Energized for Tomorrow,
visit yardi.com.