August 18, 2016

Workfront Ranked In Utah Fast 50 for 8th Year in a Row

SILICON SLOPES, Utah, Aug. 18, 2016 /PRNewswire/ — Workfront, the leading provider of cloud-based Enterprise Work Management solutions, today announced that its ongoing growth has landed it a spot in the Utah Business Fast 50 for the eighth year in a row.

Utah Business magazine names the 50 fastest growing companies in the state of Utah every year. Companies are evaluated based on five years of compound annual growth and revenue generation. Workfront made the list at number 30 this year.

“Workfront’s continued year-over-year growth comes from the fact that we are addressing a huge business problem, but it is also the result of doing things right,” said Alex Shootman, CEO of Workfront. “Workfront is a product company, but we constantly ask ourselves ‘what if the company itself was the greatest product we build?’  And that all starts with amazing people who are passionate about what they do.  Culture eats strategy and we focus a ton of energy on building and sustaining a culture in which people have a maniacal focus on the customer and have the opportunity to be proud of their work. A ranking on the Utah Fast 50, highlighting our growth, reminds us of the appreciation we have for our customers and their continued confidence in us, but also to our employees for creating such an amazing culture that allows us to continue growing.”

Workfront experienced steady growth in revenue and market share in 2015, achieving 40% growth in both year-over-year revenue and in global clients paying in excess of $100,000 in annual recurring revenue.