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ServiceNow Ranked Number Nine in Forbes America's 100 Most Promising CompaniesCompany Placed in Top Ten Based on Unmatched Customer Satisfaction From Easy to Use Cloud Service for IT Management (December 06, 2011)
SAN DIEGO, CA -- (Marketwire) -- 12/06/11 -- ServiceNow, the creators of SaaS for IT, today announced it ranked ninth on the 2012 Forbes list of America's Most Promising Companies. Forbes list features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
Founded in 2004, ServiceNow provides cloud-based enterprise software that helps simplify and automate the management of technology used by the world's most innovative companies and recognizable brands. ServiceNow was born as a cloud service and inspired by business-to-consumer Web applications that are easy to use and provide immediate value. Founder and chief product officer (CPO) Fred Luddy, and CEO Frank Slootman, bring many years of combined enterprise software experience to the company. Experienced leadership and software that is generations removed from traditional IT management tools has culminated to create an unmatched customer experience.
"The innovative and customer-focused nature of our cloud service is delivering immediate and measurable value to our customers and driving our success," said Slootman. "ServiceNow's growth trajectory is unmatched in our industry, and has taken us past 800 customers and $125 million in annual revenue. Many of the largest and most innovative organizations in the world such as CERN, Skype, UBS and Wellcome Trust now rely on our technology to help them manage their IT and business environments."
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company's health. Forbes married Mosaic's data-crunching with old-fashioned reporting to assemble a list of rising stars with brightgrowth prospects. To view the complete the list, please visit www.forbes.com/ampc.
"Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there's a dearth of public data," says Forbes Executive Editor Brett Nelson. "We took a more comprehensive approach to evaluate their health and potential."
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. Founded in 2004, ServiceNow was ranked the number five fastest-growing company in North America on Deloitte's 2011 Technology Fast 500 and is the undisputed market share leader in SaaS for IT. For more information, please visit http://www.service-now.com or http://community.service-now.com/servicenow-commentary. A live, no-registration-required instance of ServiceNow is always available at https://demo.service-now.com/.
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