The 5 Hottest Enterprise Software Startups

June 10, 2015

2:00 pm

Founded in 2011 by a team of ex-Yahooers, enterprise software startup Hortonworks wanted to spread the open-source Hadoop framework and make a profit while doing it. Their goal is to help big companies make sense of all their data and turn it into money-making insights.

At the end of 2014, Hortonworks went public and took that goal to another level. And thanks to a better-than-expected Q1, their stock is still up from its opening price last December. Meanwhile, the company boasts customers like Spotify, eBay, and Bloomberg.

Hortonworks topped Mattermark’s list of the fastest-growing enterprise software startups of 2014, featured in the 2014 Startup Traction Report. Startups were ranked by their Mattermark growth score, which takes into account monthly website visitors, weekly mobile downloads, social media metrics, number of employees, and funding. The enterprise software industry itself was quite hot in 2014, ranking fifth in terms of growth and fourth by number of exits.

Here are the other fastest-growing enterprise software companies of 2014:

1. Hortonworks

Growth score: 2366

Mattermark says: “Hortonworks, the enterprise Hadoop data platform, plans to overhaul the Hadoop ecosystem. According to CEO Rob Bearde, this focus is attracting enterprise customers and valuable partners, including Microsoft, Teradata, and Rackspace.”

2. DocuSign 

Growth score: 2312

Mattermark says: “DocuSign, the electronic signature company, has experienced annual revenue growth of about 70 percent, according to CFO Mike Dinsdale. The San Francisco Business Times reports that DocuSign has 95,000 enterprise customers in 188 countries.”

3. Zenefits

Growth score: 2102

Mattermark says: Enterprise cloud HR automation company Zenefits has projected 1,300% annual revenue growth, according to PandoDaily.”

4. Atlassian

Growth score: 1998

Mattermark says: “Atlassian, a collaboration software provider, recently reported annual revenue growth of 44 percent. A press release states more than $30 million in gross transactions from the Atlassian Marketplace, an app store for add-ons and extensions.”

5. Mulesoft

Growth score: 1750

Mattermark says: “Mulesoft’s SaaS and enterprise application integration platform is used by 45% of the Global 500 enterprises. The company is deepening strategic partnerships and adding new systems integrators and SaaS providers to its partner ecosystem.”

You can find a wealth of other data on the fastest-growing startups, regions, and industries in the 2014 Startup Traction Report (available for $99). The report uses data from public sources like Crunchbase, AngelList, NASDAQ, the SEC, and the White House Office of Management & Budget, as well as private relationships they have with investors and entrepreneurs. Everything was measured for the 2014 fiscal year, which covers October 2013-September 2014.

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Kira M. Newman is a Tech Cocktail writer interested in the harsh reality of entrepreneurship, work-life balance, and psychology. She is the founder of The Year of Happy and has been traveling around the world interviewing entrepreneurs in Asia, Europe, and North America since 2011. Follow her @kiramnewman or contact [email protected]

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