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Pendo named one of three “Cool Vendors” in application development by leading analyst firm
RALEIGH, N.C., Nov. 9, 2018 /PRNewswire/ — Pendo, creator of the leading product cloud for digital products and data-driven product teams, today announced it has been named a Cool Vendor by Gartner Inc. in its November 2018 report: “Cool Vendors in Application Development,” authored by Gartner analysts Keith Mann, Mike West and Nathan Wilson.
The report says that, “to modernize application development practices, application leaders should choose tools that support flexible application development practices to enable autonomous teams to find their most effective way of working; analyze user experience data to identify higher-value features to deliver to customers; [and] capture feature utilization data to close the feedback loop and enable effective hypothesis-driven development.”
“Today’s software organizations understand that a great product and great product experiences are the key differentiators for their business,” said Todd Olson, CEO and co-founder of Pendo. “We believe Cool Vendor recognition by Gartner further validates the importance of the product cloud as the foundation for digital products and data-driven product teams.”
Cool Vendor recognition comes during an exciting season for Pendo. The company announced a $50 million Series D funding round in September and was named to Forbes’ prestigious Cloud 100 and Next Billion-Dollar Startups lists. Yesterday, Pendo announced record third-quarter results and continued growth and momentum.
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Pendo is a product cloud that provides user insight, user guidance and user communication for digital product teams. With Pendo, these product teams can understand product usage, collect feedback, measure NPS, onboard users, and announce new features in app-all without requiring engineering resources. Founded in 2013 in the heart of Raleigh and backed by Battery Ventures, Spark Capital, Meritech Capital and Sapphire Ventures, Pendo has raised $106 million and counts 800 customers, including Zendesk, Salesforce, Coupa, Gainsight, BMC, and Sprinklr. Pendo is also the producer of ProductCraft, a destination editorial site with insights by and for product leaders; and Pendomonium, a premier product conference. For more information, visit: www.pendo.io
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