BetterCloud

BetterCloud

SaaSOps platform for managing SaaS applications

About

BetterCloud specializes in SaaSOps, focusing on optimizing and securing the digital workplace for organizations that use multiple Software-as-a-Service (SaaS) applications. Its platform offers tools for IT professionals to manage, monitor, and secure these applications, helping maintain control over digital environments. BetterCloud's services include directory integration, file alerts, workflows, and privilege management, which automate routine tasks and enhance security. Unlike competitors, BetterCloud provides a comprehensive suite of features tailored to the needs of both small businesses and large enterprises, all through a subscription model that allows for flexibility based on user count and service level. The company's goal is to streamline operations and reduce the complexity of managing SaaS applications, ensuring clients can effectively navigate the growing reliance on cloud-based software.

Company Stage

Series F

Employees

201-500

Industries

Enterprise Software, Cybersecurity

Total Funding

$181.7M

Headquarters

New York City, New York

Founded

2011


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Simplify's Take

What believers are saying

  • BetterCloud's acquisition of G2 Track enhances analytics and insights for SaaS usage.
  • New leadership focuses on growth and market expansion, driving strategic initiatives.
  • Increased demand for SaaS management solutions boosts BetterCloud's market potential.

What critics are saying

  • Emerging competitors like Lumos challenge BetterCloud's market position.
  • Rapid technological changes may outpace BetterCloud's innovation capabilities.
  • Economic downturns could reduce IT budgets, affecting BetterCloud's subscription revenue.

What makes BetterCloud unique

  • BetterCloud automates user lifecycle management and data protection for SaaS applications.
  • The platform offers a powerful integration library for seamless SaaS operations.
  • BetterCloud's SaaS Management Platform enables 'Zero Touch' operations in under two months.

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Growth & Insights
Headcount

6 month growth

-38%

1 year growth

-38%

2 year growth

-38%

Benefits

Health & Wellness: Medical, Dental, and Vision benefits including HSA and FSA, along with Mental Health Days, and dedicated mental health resources through Spring Health

Financial Benefits: 401(K), Quarterly financial wellness support, Stock Options

Time Away: Generous PTO and Wellness Days

Distributed Work: Make your home office your own with a workspace stipend

Family Support: Parental Leave for all families, fertility benefits, and flexible spending account for dependent care

Community: Regular In person and remote events; Employee Resource Groups

New Hire Program: Cross-functional buddy to help you learn the ropes

Reward & Recognition: Monthly, quarterly, and annual awards recognizing employee impact and contributions

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