SAN DIEGO ‑ Sept. 1, 2011 ‑ ServiceNow, the creators of SaaS for IT, today announced it is ranked on the 2011
Inc. 500 for the second year in a row. ServiceNow FY 2010 annual
recurring revenue of $62.2 million and three‑year growth rate of 1,240
percent make it the fastest growing software company with revenues
greater than $50 million. The Inc. 500 is a ranking of the
fastest‑growing privately held companies in the U.S.
ServiceNow was created to fundamentally change the enterprise IT
software industry for good. Today, ServiceNow is the cloud
and social platform used by the largest, most innovative
enterprise IT organizations in the world. ServiceNow's sustained
growth is driven by significant demand for simply powerful SaaS for
enterprise IT and business process automation.
The 2011 Inc. 500 ranks companies by percentage revenue growth from
2007 to 2010. ServiceNow FY 2011 marked the sixth consecutive year of
doubling revenue and the company now has more than 800 enterprise
customers and 400 employees worldwide. ServiceNow also recently opened
a new development center in San Jose, California, and will use the
facility to triple the size of the ServiceNow
Platform development team in the next 12 months.
"If you want to know which companies are going to change the
world, look at the Inc. 500," said Inc. editor, Jane Berentson.
"These are the most dynamic, fast‑growth companies in the nation,
the ones finding innovative solutions to problems, creating smart
systems, and inventing products we soon discover we can't live without."
This year's edition of the Inc. 500 lists ServiceNow as:
The fastest‑growing software company with revenues greater than
The eighth‑fastest growing software company in California and the
second‑fastest growing software company in the greater San Diego
The 26th fastest growing software company overall.
Complete results of the Inc. 500, including company profiles and an
interactive database that can be sorted by industry, region, and other
criteria, can be found at http://www.inc.com/500.
To learn more about ServiceNow, download the Ovum "Decision
Matrix: Selecting an IT Service Management Vendor"
report now. Ovum evaluated 13 ITSM tool vendors and recognized
ServiceNow as the leading offering based on a perfect score in the
technology category and the highest growth out of any vendor in the industry.
Also, be sure to join ServiceNow and hundreds of our customers at
Knowledge11 Europe in Frankfurt, Dec. 5 ‑ 8, 2011. Early bird
registration discounts expire soon.
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 to
achieve IT 3.0. Founded in 2004, ServiceNow is recognized by industry
analysts as the fastest‑growing IT management software vendor and as
the undisputed market share leader in SaaS for IT. For
more information, please visit http://www.service‑now.com or http://blog.service‑now.com.