Podium has been named to Forbes’ 2018 Cloud 100 list, which is made up of a group of 100 private cloud companies from across the globe that lead their industries in revenue, sales growth, valuation and culture.

In its third year, the list of top 100 private companies in cloud computing in the world is published by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures.

“The power of the cloud has transformed the way people do business, and we are honored to be recognized by Bessemer Venture Partners, Forbes and Salesforce Ventures for our innovative technology solutions that benefit both local businesses and their end-consumers,” Podium chief executive officer and co-founder Eric Rea said in a news release.

“We help any businesses with a physical location improve their customer interactions and drive purchase decisions better than anyone, and this award is a testament to the talent and hard work of our team in creating our platform.”

This most recent recognition of Podium closely follows it earning the No. 13 spot on the Inc. 5000 list of America’s fastest growing companies this year.

“For the past three years, The Cloud 100 list has identified the top cloud companies that are reshaping their respective industries,” said Alex Konrad, Forbes editor of The Cloud 100. “I am consistently impressed by the caliber of companies honored on The Cloud 100 list. It is an exciting time to a be a cloud company and founder.”

The selection process for the Forbes Cloud 100 involves a 34-member judging panel, made up of top public cloud company chief executive officers who assessed specific criteria to pick the top 100 cloud companies from around the world, according to The Cloud 100 website.

Forbes Cloud 100 judges' scoring and ranking of companies rely on four factors: market leadership, estimated valuation, operating metrics and culture.

“All of the 25 cloud IPOs and major cloud acquisitions over the past three years have been prior members of The Cloud 100, and we absolutely expect that the dominant public cloud companies of the future will also come from this list,” said Byron Deeter, a partner at Bessemer Venture Partners.

“The 2018 Cloud 100 represents well over $135 billion in private shareholder value — an astonishing figure that reminds us yet again of the power of the cloud. The way we do business will be dramatically different as a result of these companies, and I am honored to celebrate the remarkable accomplishments of the founders and teams behind each company on the 2018 Cloud 100.”

The Forbes 2018 Cloud 100 list of companies will be featured in the September issue of Forbes magazine.