SAN FRANCISCO--(BUSINESS WIRE)--Sep 13, 2018--Zylo, the largest independent enterprise SaaS management platform, is named one of the 20 Rising Stars as part of the Forbes 2018 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world, published by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures.

The 20 Rising Stars represent young, high-growth and category-leading cloud companies who have raised less than $25 million to date and are poised to join the Cloud 100 ranks.

“Zylo is pioneering a new category of software and it’s an honor to be recognized by Bessemer Venture Partners, Forbes and Salesforce Ventures as one of 20 Rising Stars in the cloud industry,” said Eric Christopher, CEO and Co-Founder of Zylo. “I am thrilled to be included in the exclusive group of Rising Stars of the Cloud 100. Over the last two years, we have been working so hard to build the category-leading SaaS management platform and to receive this honor is a tremendous accomplishment for the entire team.”

The Zylo platform manages over 2.5 million unique SaaS user licenses and nearly $3 billion of annual SaaS spend on behalf of its customers. The platform has the most comprehensive database of SaaS applications categorized by category, function, and sub-function, which is used by enterprise customers, including Eli Lilly and Company.

Eli Lilly and Company is a global pharmaceutical company with more than 38,000 worldwide employees. “As computing continues to play an expanding role in not only supporting the transactions of the company but in powering new and changing business models, Cloud software solutions become increasingly strategic to our future. With such an expanding role in our digital future, it is important that we put in place capabilities to effectively track and manage Cloud utilization,” said Jennifer Oleksiw, Vice President and Information Officer at Eli Lilly and Company. “With Zylo, we see the potential to professionally manage our cloud software subscriptions with effective governance, measurement, and cost visibility.”

“This year’s list of 20 Rising Stars represent some of the brightest minds in the trillion-dollar software industry,” said Byron Deeter, top cloud investor and partner at Bessemer Venture Partners. “The cloud computing revolution is underway, and the next big stage involves more strategic management of cloud investments by leading enterprises. Zylo deserves to be recognized as a 2018 Rising Star for its forward-thinking SaaS management platform that transforms the way organizations think about and manage their software.”

“The 20 Rising Stars list includes cloud companies that are developing cutting-edge technology,” said Matt Garratt, Managing Partner, Salesforce Ventures. “We see great potential for these companies in the future on the top 100 list and are excited to watch them as they innovate industries around the world.”

The Forbes 2018 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the September 2018 issue of Forbes magazine.

About Zylo:

Zylo is the largest independent enterprise SaaS management platform that transforms how companies manage and optimize their SaaS applications. By providing transparency of SaaS spend, license utilization, and user feedback, Zylo provides one SaaS system of record, empowering business leaders to discover, manage, measure and secure their SaaS investments. Zylo has enterprise integrations with leading SaaS providers, including Salesforce, Slack, Okta, Intacct, Netsuite, Onelogin, GitHub, Concur, Veeva Vault, Veeva CRM, Expensify, Zoom, Smartsheet, Zendesk, Docusign, Aha!, G Suite by Google Cloud, and Microsoft Office 365. Visit zylo.com or follow @getzylo for more information.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180913005232/en/

CONTACT: Zylo

Amy Condle, 317-350-4466

VP of Marketing

news@zylo.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE

SOURCE: Zylo

Copyright Business Wire 2018.

PUB: 09/13/2018 10:00 AM/DISC: 09/13/2018 10:01 AM

http://www.businesswire.com/news/home/20180913005232/en