Toast Ranked No. 29 on Forbes Cloud 100, Named Top Boston Employer by Hired
BOSTON--(BUSINESS WIRE)--Sep 18, 2018--Toast, the fastest-growing restaurant management platform in the U.S., today announced that it ranks No. 29 on the Forbes 2018 Cloud 100; Toast listed as No. 68 in 2017. Published by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures, the Cloud 100 is the definitive list of the top 100 private cloud companies in the world. Toast was also recently named a “Hot 100” privately-held software company by JMP Securities and a top Boston employer in Hired’s second annual Brand Health Report.
“We are honored to be recognized by Forbes, JMP and Hired. These achievements, however, would not be possible without the Toast restaurant community, our investors, and our employees,” said Chris Comparato, CEO of Toast. “We are both humbled to be recognized and energized to continue delivering on our mission to empower the restaurant community to delight guests, do what they love, and thrive.”
Additional detail on the Forbes 2018 Cloud 100, JMP “Hot 100,” and Hired’s 2018 Brand Health Report:JMP Securities, a San Francisco-based, full-service investment bank, publishes its annual “Hot 100” list to highlight the best privately held software companies as determined by the firm’s technology equity research group. 2018 marks the ninth edition of this report. JMP Securities selects the Hot 100 based on a range of criteria, including prospects for addressable market opportunity, competitive differentiation, sustainable growth, product value-add, and quality of leadership. Hired’s second annual Brand Health Report is a result of surveying regional tech talent to rank the local companies they find most attractive places to work to determine which factors job seekers prioritize. The Forbes 2018 Cloud 100 and 20 Rising Stars lists are published online. As part of the rigorous selection process, Bessemer Venture Partners received submissions from the top cloud startups. The Forbes Cloud 100 judging panel, including top public cloud company CEOs, reviewed the data to select, score, and rank the top 100 cloud companies from all over the world. The evaluation process involved four factors: market leadership (35 percent), estimated valuation (30 percent), operating metrics (20 percent), and, people and culture (15 percent).
“All of the twenty-five 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.
About Toast Launched in 2013, Toast powers successful restaurants of all sizes with a technology platform that combines restaurant POS, front of house, back of house and guest-facing technology with a diverse marketplace of third-party applications. By pairing technology with an unrivaled commitment to customer success, Toast helps restaurants streamline operations, increase revenue and deliver amazing guest experiences. In 2017, Toast was recognized as the third fastest-growing technology company in North America on the Deloitte Fast 500 and named to the Forbes Cloud 100. Learn more at www.toasttab.com.
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Karen DeVincent, 857-301-6074
PR and brand manager
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE RESTAURANT/BAR RETAIL FOOD/BEVERAGE
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PUB: 09/18/2018 09:00 AM/DISC: 09/18/2018 09:01 AM