Press Release

Propel Recognized as Hot 100 on JMP Securities’ 2020 List of the Best Privately Held Software Companies

April 22, 2020

Propel is honored to be named as one of the “Hot 100” best privately held software companies by JMP Securities.

Propel, the only product success platform built in the cloud, has been named one of the “Hot 100” privately held software companies by JMP Securities, a premier full-service investment bank. The list is compiled each year based on multiple criteria, including financial growth, products and services, quality of leadership, customer traction and market potential.

“Propel is proud to be included in this year’s JMP Securities’ Hot 100. Transparency and seamless collaboration offered by our platform to each stakeholder of the entire product value chain are key to addressing specific business needs and extending true product success,” said Ray Hein, CEO of Propel. “We are honored to share the list with other great companies and innovators who are transforming businesses and exceeding customer expectations in their own unique ways,” he further added. 

Propel’s revenues and headcount have doubled over the past year as the company continues to expand its presence in mid-market and enterprise segments. Propel’s platform, along with its integrated solutions, continues to be adopted by successful companies in the MedTech, Hi-Tech, manufacturing, and consumer goods categories. 

“We invested in Propel as we clearly saw the need to transform the PLM enterprise software category. “The digital transformation offered by Propel’s cloud platform powered by the Salesforce technology stack was light years ahead of any other legacy solution provider,” said Sean Jacobsohn, partner at Norwest Venture Partners. 

Born in the cloud, Propel delivers a unified product development, commercialization and service solution that quickly adapts to specific business needs and helps customers’ achieve their personalized definition of product success.

“Propel’s cloud solution, completely built on Salesforce’s modern technology stack is fast to deploy, highly flexible and easy to use,” said Matt Garratt, Managing Partner at Salesforce Ventures. “Propel’s Product 360 platform, combined with Salesforce’s Customer 360 Platform, offers unparalleled speed and flexibility to all teams and value chains from concept to customer.”

About Propel

Propel helps companies achieve product success by connecting the people, systems, and processes needed to deliver products from concept to customer. Our fast to deploy, flexible and easy to use platform is the single source of product truth for your entire value chain, including sales, service, and partners. Secure and transparent collaboration enables you to get products to market faster while maximizing customer satisfaction and meeting local requirements needed to compete globally. 

Propel is built on Salesforce, the industry's top-rated cloud SaaS platform, and our integrated solution incorporates all the capabilities of its modern cloud infrastructure. Salesforce's multi-tenant architecture is future-proof, ensuring Propel will always be the next generation product success platform. For more information, visit www.propelplm.com.

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