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SAN FRANCISCO, April 25, 2019 (GLOBE NEWSWIRE) -- Segment, the customer data infrastructure company, was recognized as one of the 50 Highest Rated Private Cloud Computing Companies To Work For in a list released by Battery Ventures, a global investment firm and cloud investor, with data specifically provided by Glassdoor, one of the world’s largest job and recruiting sites. The list highlights 50 privately held companies—all business-to-business, cloud-computing companies—where employees report the highest levels of satisfaction at work, according to employee feedback shared on Glassdoor.
The distinction honored Segment with a ranking of no. 12 (out of 50 total) with an overall company rating of 4.8. The broader average across Glassdoor is 3.4. Segment’s CEO, Peter Reinhardt, boasts a 100% approval rating on Glassdoor—compared to an average of 69% for all approximately 900,000 employers on the site--and the company has a 99% percent positive business-outlook rating, again based on feedback shared by employees. The broader Glassdoor average is 49%. A positive business outlook means employees believe business will improve in the next six months.
This is the second year in a row in which Segment has been on the list, and the third year Battery has issued it, along with a related ranking of the 25 Highest Rated Public Cloud Computing Companies to Work For. The rankings highlight the broader trend of businesses increasingly turning to the cloud to run critical technology systems and software, instead of using on-premise systems.
They also highlight the increasing importance of cohesive culture and employee happiness in running a successful business, said Neeraj Agrawal, a Battery general partner who specializes in cloud investing.
“The private companies on this list have not only scaled their products, teams and business functions—but they’ve managed to scale culture,” Agrawal said. “We view these rankings as a key indicator of company health and longevity, and we hope all companies on this list view it as an honor to be included.” It was also more difficult to make the list this year, compared with last year, Agrawal added. A Glassdoor economic research study, as well as other third party studies, show that companies with high employee satisfaction often post stronger financial performance.
“Segment’s workplace culture is based on the idea that every member of our organization can make a difference while finding their work meaningful and exciting,” said Adriana Roche, Vice President of People and Places at Segment. “We see such positive feedback from our employees as a sign that we are succeeding at growing a community where people from all walks of life can feel like they belong and thrive.”
Glassdoor noted that employees at these highly rated companies commonly mention in online reviews that they enjoy working for mission-driven companies with strong and unique company cultures; employers that promote transparency; and companies with experienced senior leaders who regularly and clearly communicate with employees. For instance, according to one anonymous employee review of Segment on Glassdoor:
“Segment shows a very strong drive to ensure the happiness of those who work here. Even though not everything succeeds or hits the mark, it’s been obvious that the satisfaction of those here is still a priority for the company, even as we grow. There’s also still a great surface area to be able to have a direct impact on the company and its products.”
Full lists of the highest-rated 50 private cloud companies and 25 public cloud companies to work for can be found here.
Segment provides the customer data infrastructure that businesses use to put their customers first. With Segment, companies can collect, unify, and connect their first-party data to over 250 marketing, analytics, and data warehousing tools. Today, thousands of companies across 71 countries use Segment, from fast-growing businesses such as Atlassian, Bonobos and Instacart to some of the world’s largest organizations like Levi’s, Intuit and Meredith. Segment enables these companies to achieve a common understanding of their users and make customer-centric decisions.
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, London, New York and Israel. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.