D.A. Davidson Releases The Herd 2020 Featuring The Top 100 Emerging Software and Internet Companies
Summary
These companies were selected based upon growth rate, market awareness, scale, capitalization and other proprietary analytics generated by D.A. “The technology capital markets have shown incredible resilience in 2020 as software and internet businesses continue to both disrupt established industries and add value to our everyday lives,” said Joe Morgan, D.A. We are incredibly excited to announce this new class of Herd companies and closely monitor their progress over the coming months.” This year’s Herd highlights highly recognized leaders of rapidly emerging software segments, such as UiPath in robotic process automation, Confluent and Gitlab in dev ops, Databricks and Redis Labs in next-gen database, and Cohesity in cloud data management. In addition, several new and emerging members were added in 2020, including Alkami in digital banking solutions and SentinelOne in endpoint security management. “Our Bison Select research series has covered a number of these category defining businesses, highlighting their unique solutions, large addressable market, quality management teams and significant product market fit.” The Herd 2020 also includes a review of S-1 metrics from 12 recent software and internet filings, highlighting the key performance indicators that public institutional investors focus on in their evaluation of these offerings.