The SaaS 1000 list tracks SaaS companies throughout the globe, following their employee headcount as a measure of growth and success. Companies must have at least 40 employees in order to be in the running for the list. WhiteSource joins the rankings along with other high ranked SaaS-based companies such as unicorn Slack, GitHub, and MailChimp.
"The SaaS sector continues its high growth. In fact, it has increased," explains Tom Blue in describing the aggressive hiring rate, adding that, "This quarter's Top 1000 companies grew faster than last quarter's list. Congrats to these accelerating companies."
WhiteSource had previously held the 101st spot on the list and has shot up to 29th spot due to the near doubling of employees in 2017 that accompanied their massive growth in customer acquisition.
"We strive to redefine the way companies are consuming open source components and help business harness the power of open source," said WhiteSource's CEO Rami Sass "Building an innovative technology requires bringing on an increasingly larger team of dedicated, talented, and driven professionals that will help to cement our position as the leader in the Software Composition Analysis space."
Moving forward in 2018, WhiteSource expects to see continued growth in its roster of customers as it breaks ground into new verticals, assessing that the market's recognition of the need for Software Composition Analysis is increasing, especially in light of recent high profile data breaches like Equifax.