Country for PR: United Kingdom
Contributor: PR Newswire Europe
Saturday, September 15 2018 - 04:56
AsiaNet
Yardi Named Again to Prestigious Forbes Cloud 100 List
SANTA BARBARA, Calif., Sept. 14, 2018 /PRNewswire-AsiaNet/--

     Recognized for the third consecutive year among top-tier private companies 
leading the cloud technology revolution

    Global real estate technology provider Yardi 
[https://www.yardi.com/?utm_source=press_release&utm_campaign=forbes_2018] has 
been named for the third 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, moved up to the #26 spot on the list in 2017, and 
came in at #22 this year.

    Logo: https://mma.prnewswire.com/media/737275/Yardi_Logo.jpg 

    Photo: https://mma.prnewswire.com/media/744482/Yardi_Forbes_2018.jpg

    Published by Forbes in collaboration with Bessemer Venture Partners and 
Salesforce Ventures, the list will appear in the Sept. 2018 issue of Forbes 
magazine and is available at forbes.com/cloud100 [http://forbes.com/cloud100]

    "We're honored that Forbes recognized us again for our efforts to provide 
industry-leading cloud solutions," said Jay Shobe, vice president of cloud 
services at Yardi. "To continue to rank high on this list is a testament to the 
efforts of our employees and invaluable support and feedback from our clients."

    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 worldwide.

    "For the past three years, the Cloud 100 list has identified the top cloud 
companies that are reshaping their respective industries," said Alex Konrad, 
editor for the Forbes Cloud 100. "I am consistently impressed by the caliber of 
companies honored on the Cloud 100 list. It is an exciting time to a be a cloud 
company and founder."

    "All 25 cloud IPOs and major cloud acquisitions over the past three years 
have been prior members of the Cloud 100, and we absolutely expect that the 
dominant public cloud companies of the future will also come from this list," 
said Byron Deeter, a top cloud investor and partner at Bessemer Venture 
Partners. "The 2018 Cloud 100 represents well over $135B in private shareholder 
value-an astonishing figure that reminds us yet again of the power of the 
cloud. The way we do business will be dramatically different as a result of 
these companies and I am honored to celebrate the remarkable accomplishments of 
the founders and teams behind each company on the 2018 Cloud 100."

    "The business opportunity for cloud companies is tremendous today as 
capital investment, customer demand and rate of adoption continues to grow," 
said Matt Garratt, managing partner at Salesforce Ventures. "We're excited to 
see the potential of these companies and look forward to seeing what innovative 
technology they deliver around the world."

    Yardi was among the companies celebrated on Sept. 12 in San Francisco at 
the Cloud 100 Celebration, an exclusive event hosted by Bessemer Venture 
Partners [https://www.bvp.com],  Forbes [https://www.forbes.com] and Salesforce 
Ventures [https://www.salesforce.com/company/ventures]. The celebration is 
attended by the CEOs of the public cloud companies and the CEOs named to the 
Cloud 100 and 20 Rising Stars lists.

    About Yardi Yardi(R) 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 
[https://www.yardi.com/?utm_source=press_release&utm_campaign=forbes_2018].

SOURCE: Yardi
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