SAN DIEGO, CA‑‑(Marketwire ‑ Dec 6, 2011) ‑ ServiceNow, the
creators of SaaS for IT, today announced it ranked
ninth on the 2012 Forbes list of America's Most Promising
Companies. Forbes list features 100 privately held up‑and‑comers with
compelling business models, strong management teams, notable
customers, strategic partners and precious investment capital.
Founded in 2004, ServiceNow
provides cloud‑based enterprise software that helps simplify and
automate the management of technology used by the world's most
innovative companies and recognizable brands. ServiceNow was born as a
cloud service and inspired by business‑to‑consumer Web applications
that are easy to use and provide immediate value. Founder and chief
product officer (CPO) Fred
Luddy, and CEO Frank
Slootman, bring many years of combined enterprise software
experience to the company. Experienced leadership and software that is
generations removed from traditional IT management tools has
culminated to create an unmatched customer experience.
"The innovative and customer‑focused nature of our cloud
service is delivering immediate and measurable value to our customers
and driving our success," said Slootman. "ServiceNow's
growth trajectory is unmatched in our industry, and has taken us past
800 customers and $125 million in annual revenue. Many of the largest
and most innovative organizations in the world such as CERN, Skype,
UBS and Wellcome Trust now rely on our technology to help them manage
their IT and business environments."
To sharpen its search, Forbes teamed up with CB Insights, a
Manhattan‑based data firm that tracks investment in high‑growth
private companies. With $650,000 in grants from the National Science
Foundation, CB has developed complex software called Mosaic that mines
myriad online sources (from press releases and social networks to job
boards and court filings) to come up with one, algorithmically derived
score that measures a private company's health. Forbes married
Mosaic's data‑crunching with old‑fashioned reporting to assemble a
list of rising stars with bright growth prospects. To view the
complete the list, please visit www.forbes.com/ampc.
"Sizing up younger, privately held companies is hard: Their
fortunes can change very quickly and there's a dearth of public
data," says Forbes Executive Editor Brett Nelson. "We took a
more comprehensive approach to evaluate their health and potential."
ServiceNow was created to break all the old rules of enterprise IT
management software. Born in the cloud, ServiceNow makes IT immediate,
social and intuitive. From the beginning, the company set out to give
IT people powerfully simple cloud
services that just work. Today, the world's most recognizable and
innovative companies rely on SaaS from ServiceNow to transform IT.
Founded in 2004, ServiceNow was ranked the number five fastest‑growing
company in North America on Deloitte's 2011 Technology Fast 500 and is
the undisputed market share leader in SaaS for IT. For
more information, please visit http://www.service‑now.com or http://community.service‑now.com/servicenow‑commentary.
A live, no‑registration‑required instance of ServiceNow is always
available at https://demo.service‑now.com/.