[August 30, 2016]

Tradeshift Among 50 Highest-Rated Private Cloud Computing Companies To Work For

Tradeshift, a global network and platform that connects buyers and suppliers, today announced that it has ranked as one of the top companies in the, "50 Highest Rated Private Cloud Computing Companies to Work for" list.

The inaugural list is the culmination of a research collaboration between Battery Ventures, a global, technology-focused investment firm, and Glassdoor, a company review and jobs marketplace, and features larger private companies that are delivering innovation in the cloud, ensuring high work satisfaction, and earning high CEO approval ratings.

"We're very excited to be included among a group of cloud startups that recognize that prioritizing the quality of work life for employees leads to ground-breaking ideas and solutions," said Tradeshift CEO and Co-Founder, Christian Lanng. "At Tradeshift, we live by three simple rules: (1) One team, one mission; (2) Win for our users first; and, (3) Never stop challenging the status quo. The acknowledgment we've received from Battery Ventures and Glassdoor indicates that these values engage our employees and are paying off."

To qualify for one of the top-50 spots, the startups had to be B2B-focused with 200 or more employees (as of July 2016), have raised funding in the last three years, and have 30 or more employee reviews on Glassdoor. Glassdoor also screened for reviews with the highest employee satisfaction ratings and looked at how employees rated their CEOs (although this did not have an impact on the ranking), and what they thought of their company's future outlook. More on the methodology and findings can be found on Battery's website.

"This list provides a window into which private, business-focused cloud companies are generating the most excitement among employees-one key proxy for company health, and part of the broader business trend we see today around transparency on the Internet," said Neeraj Agrawal, a Battery general partner who specializes in cloud investing. "We look forward to tracking these standouts as they mature, and to watching smaller, up-and-coming cloud startups make the list in future years." Agrawal also serves on the board of Glassdoor.

In June 2016, Tradeshift announced new and existing investors in its $75M series-D funding round, bringing the total funding for the company to nearly $200M.

About Tradeshift

Tradeshift is a global network and platform that connects buyers and suppliers. It transforms the way companies buy, pay, and work with suppliers. Tradeshift connects 800,000 users across 190 countries. It is headquartered in San Francisco with offices in Copenhagen, New York, London, Paris, Suzhou, Tokyo, and Munich. Learn more at www.tradeshift.com.

About Battery Ventures

Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area and Israel. Follow the firm on Twitter (News - Alert) @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.

About Glassdoor

Glassdoor is the most transparent jobs and recruiting marketplace that is changing how people search for jobs and how companies recruit top talent. Glassdoor combines free and anonymous reviews, ratings and salary content with job listings to help job seekers find the best jobs and address critical questions that come up during the job search, application, interview and negotiation phases of employment. For employers, Glassdoor offers job posting, recruiting and employer branding solutions to help attract high-quality candidates at a fraction of the cost of other channels. In addition, Glassdoor operates one of the most popular job apps on iOS and Android platforms. Launched in 2008, Glassdoor has raised approximately $200 million from Google (News - Alert) Capital, Tiger Global, Benchmark, Battery Ventures, Sutter Hill Ventures, DAG Ventures, Dragoneer Investment Group, funds and accounts advised by T. Rowe Price Associates, Inc. and others.

(c) 2016 Glassdoor, Inc. Glassdoor is a registered trademark of Glassdoor, Inc.

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