Domo Lands on the Hot 100 for the Third Consecutive Year
Domo Named to 2014 List of Best Privately Held Software Companies by JMP Securities
SILICON SLOPES, Utah – August 27, 2014 – Today, Domo announced that it has been named to the 2014 “Hot 100: Best Privately Held Software Companies” list by the software research team at JMP Securities. Domo is a 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. Inclusion on the 2014 list marks the third consecutive year Domo has received this recognition.
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.
Bigger than business intelligence and more than analytics, Domo serves CEOs and other business managers who have vast amounts of business data but no easy way to access or get value from it. Domo’s enviable list of top-flight customer brands hail from numerous industries including media and marketing, telco, retail, travel and leisure, technology, financial services and professional services, to name a few.
Signing more than 600 paying enterprise customers in less than two years, the company is shattering industry sales cycle norms. Domo just announced another outstanding sales performance, achieving more than 40 percent sequential quarterly growth and annual growth that far exceeds 100 percent. In addition, Domo just brought on Bruce Felt, a Silicon Valley veteran and long-time SuccessFactors executive, as Domo CFO.
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, in one place.
With $250 million in funding, Domo is backed by an all-star list of angels and investors including Benchmark, Fidelity Investments, Founders Fund, GGV Capital, Greylock Partners, IVP, salesforce.com, TPG Growth, T. Rowe Price, WPP and Zetta Venture Partners, plus CEOs of the world’s largest SaaS and Internet businesses.
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.
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