Domo Hits The Hot 100 Two Years In A Row
Domo Named to 2013 List of Best Privately Held Software Companies by JMP Securities
SILICON SLOPES, Utah – July 10, 2013 – Today, Domo announced that it has been named to the 2013 “Hot 100: Best Privately Held Software Companies” list by the software research team at JMP Securities. Domo is a new software-as-a-service (SaaS) venture started by Omniture co-founder and longtime CEO Josh James to redefine the business intelligence (BI) market and transform the way business is managed. This is Domo’s second consecutive year on the list.
According to JMP Securities, the JMP “Hot 100” list features software companies that are displacing and disrupting existing markets and entrenched players. The “Hot 100” also includes software companies that are addressing new use cases such as mobile device management.
This recognition comes as Domo is riding a tremendous wave of market reception. The company is experiencing almost 100 percent quarter-over-quarter growth with sales cycles of days and weeks, instead of typical enterprise sales cycles of months or quarters. Domo’s customers hail from numerous industries including media and marketing, telco, retail, travel and leisure, technology, financial services and professional services, to name a few. C-level executives are involved in more than 90 percent of all Domo deals.
JMP Securities is a San Francisco-based, full-service investment bank that provides equity research, institutional brokerage, and investment banking services to public and private growth companies and their investors.
Domo is a cloud-based executive management platform that gives users direct, real-time access to all the business information they care about, all in one place.
The company was conceived as Josh James, Omniture CEO, saw how access to real-time data could help online marketers make better and more profitable decisions. He was frustrated that he couldn’t have that same access to data about his own business. The data he wanted was trapped in multiple systems, databases, spreadsheets and presentations.
James knew where the data lived, but in order to get to it, he had to ask someone else for it. Once he got the data, it was either out-of-date or in so many formats that it was impossible to make sense of it all.
With more than $125 million in funding, Domo is backed by an all-star list of angels and investors including Benchmark, GGV Capital, IVP, Greylock Partners, Founders Fund, Andreessen Horowitz, Hummer Winblad, WPP, plus the who’s who of SaaS and Internet technology.
Domo’s founding team consists of some of the most sought after talent in the industry with experience that includes Amazon, American Express, Ancestry.com, eBay, Endeca, Facebook, Google, LinkedIn, MLB.com, Omniture, salesforce.com and SAP.
Julie Kehoe, VP of Communications