Papaya Global is named to the Forbes 2022 Cloud 100 based on growth, sales, valuation, and company culture in addition to reputation ratings among peer company CEOs and executives.
NEW YORK and TEL AVIV, Israel, August 10, 2022 /PRNewswire-PRWeb/ -- Papaya Global, the leading global people management platform for the remote working era, announced today being named to the Forbes 2022 Cloud 100 based on growth, sales, valuation, and company culture in addition to a reputation score determined by 26 executives from cloud-company peer companies.
Papaya Global, valued at over $3.7 billion, has seen tremendous growth in the past year and acquired a money-transfer business that is part of its strategy to transform its global payroll business into a next-generation payments company serving companies with employees spread across the world. The prestigious ranking on the Forbes 2022 Cloud 100 list validates Papaya's trajectory in the market.
"Our customers know that Papaya Global's technology and approach to payroll and employee payments is transformative, and clearly our peers in the Forbes Cloud 100 agree," said Eynat Guez, CEO and co-founder of Papaya Global. "We are providing innovative solutions to employee needs and empowering finance, HR, and business leaders with insights into global payroll through consolidated, real-time visibility, and now we're being recognized on this well-respected list as a result of that innovation."
The Forbes Cloud 100 is a definitive ranking of the top private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
"The companies of the Cloud 100 list represent the best and brightest private companies in this fast-growing sector," said Alex Konrad, senior editor at Forbes.
For the seventh straight year, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people and culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.
"Great companies are born out of all environments, and it's exciting to see the continued momentum in the cloud sector," said Alex Kayyal, managing partner, Salesforce Ventures. "As the need for digital transformation continues to drive innovation and efficiencies across industries, we can look to these companies as the absolute best in cloud computing."
The Forbes 2022 Cloud 100 and 20 Rising Stars lists are published online at http://www.forbes.com/cloud100. Highlights of the list appear in the August/September 2022 issue of Forbes magazine.
About Papaya Global
Papaya Global powers global hiring by enabling people, payroll, and payment management for organizations in over 160 countries. When companies want to remove barriers to global hiring, enhance engagement, and optimize employee experience at the same time — they call Papaya Global. Papaya's automated, cloud-based SaaS platform provides an end-to-end solution, from onboarding to ongoing management and cross-border payments. The platform is customizable to all business requirements, integrates with existing HRIS management tools, and uses intelligent technology to ensure compliance and eliminate errors. It gathers all employee information into one place, creating a highly visible system for tracking payroll spending and providing real-time business intelligence. Papaya's team currently spans Tel Aviv, New York, Austin, London, Krakow, Kiev, Singapore, and Melbourne http://www.papayaglobal.com.
Media Contact
Tony Spangler, Papaya Global, 1 8177983371, [email protected]
SOURCE Papaya Global
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