|By Marketwired .||
|January 31, 2013 08:00 AM EST||
MOUNTAIN VIEW, CA -- (Marketwire) -- 01/31/13 -- Adaptive Planning, the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes, today announced record 2012 results and exceptional momentum in the midst of skyrocketing demand for cloud-based BI and CPM solutions. The company recorded over 90 percent growth in new software bookings and added more than 500 new customers throughout the year.
"This past year was outstanding for Adaptive Planning as we continue to raise the bar in cloud-based CPM solutions with the fastest growth, most customers and partners, and highest customer satisfaction," said John Herr, CEO of Adaptive Planning. "And with the addition of cloud-based business intelligence, we have added a key piece in enabling business leaders to easily create financial and operating plans, monitor performance in real-time, and report on and analyze results."
Exceptional Revenue, Customer, and Company Growth
In 2012, Adaptive Planning was recognized as the 5th fastest growing software company in Silicon Valley on the Deloitte Technology Fast 500, based on a 1,099 percent revenue growth rate over four years. In addition, 48 of Adaptive Planning's customers ranked in the Fast 500 this year, up more than 50 percent from 2011.
The company added significant new venture funding in 2012, with a $22 million investment led by Norwest Venture Partners (NVP). Adaptive Planning also grew its staff by more than 85 percent during the year to support and accelerate rapid global growth.
In 2012 Adaptive Planning surpassed the 1,500 customer mark and now has 45,000 users in 80 countries worldwide. While the company's solutions serve customers of all sizes, the fastest growing segment of business comes from large enterprises, which represent 25 percent of new business. Customers span numerous industries, including business services, consumer packaged goods, education, energy, financial services, healthcare, insurance, manufacturing, media, nonprofit, pharmaceuticals, retail, and software.
Among the company's many new customers in 2012 were: 7-Eleven, American Society of Anesthesiologists, Atlanta Convention & Visitors Bureau, Avis International, Blackbaud, Box.net, City Year, Edmunds.com, Epiphany, Etihad Airways, Flint Energy Services, Florida International University, Fujitsu Communication Services, Joyent, Kayak Software Corporation, KeyPoint Credit Union, LANDesk Software, NCR Corporation, Norwest Venture Partners, Oakland Museum of California, Royal Jet, SABMiller, SolarCity, Stanford University, Stream Energy Ltd, ThyssenKrupp Steel, Toyota, Trend Micro, Trulia, UC Davis, United Way, Yamaha Motors, and Zendesk.
Global Partner Network
In 2012, Adaptive Planning's global channel network grew by over 100 partners to more than 400 total partners, which played an increasingly important role in the company's business, influencing 50 percent of new sales. Partners were a key part of the ongoing rapid growth of the enterprise market for Adaptive Planning, with more than 50 percent year over year growth in partner deals in accounts with revenues between $500 million and $1 billion. The partners' impact accelerated international market presence and revenues, which doubled year over year. Partners also played a significant role in augmenting the company's professional services and support teams on a global basis as the company expanded its international footprint.
New Era of Cloud-Based Solutions and Business Intelligence
In July 2012, Adaptive Planning launched Adaptive Discovery, a breakthrough new cloud-based visual analytics solution featuring interactive data visualization and alerting and an intuitive and highly interactive way for managers across an organization to access, analyze, and explore key financial and operational data. With Adaptive Discovery, CFOs, VPs of Sales, and other business leaders can quickly and easily gain insights into the underlying trends in the business, allowing them to make more intelligent business decisions that drive greater success. In September 2012, Adaptive Planning announced the acquisition of privately-held myDIALS, the leading provider of cloud-based data visualization solutions and among the top rated BI vendors in customer service according to Gartner. With this acquisition, which provided the underlying technology for the Adaptive Discovery product, Adaptive Planning broadened the reach of its award-winning solutions beyond corporate performance management (CPM) to deliver cloud-based visual analytics and business intelligence (BI) capabilities. Now all employees can access, analyze, and explore key data from across the company, allowing them to quickly and easily visualize performance versus plans, gain new insights, understand the impact of key drivers, and take action to affect change in their business.
Industry Awards & Recognition
In addition to the Deloitte Technology Fast 500 and #1 customer satisfaction accolades, Adaptive Planning received more than a dozen other prestigious awards. Adaptive Planning President and Founder Rob Hull was awarded as "Finance Executive of the Year" and "Entrepreneur of the Year" by the Network Products Guide and "Entrepreneur/Founder of the Year" by the Golden Bridge Awards. Kevin Colgate, Senior Director of Strategic Alliances, was recognized as a "Channel Chief" by CRN. As a company, Adaptive Planning was honored as "Company of the Year," "Core Vendor of the Year," "Best New Product or Service," "Best Overall Company of the Year," and "Business Collaboration Leader."
New Senior Level Appointments
As part of its global expansion, Adaptive Planning hired several key new members to its executive team over the last year, all of whom bring deep experience in rapidly scaling successful technology companies, including:
- CFO David Pefley, with experience from KLA-Tencor and Aspect Development
- VP of Global Channels & Partners Carolee Gearhart, formerly with SAP and PeopleSoft
- VP of Sales in UK & Ireland Ian Preston, previously at SAP, Business Objects, and Hyperion
- Managing Director in Australia Jeremy Bolton, with experience at myDIALS and Schneider Electric
- VP of Business Intelligence Products, Peter Long, previously with myDIALS and Citect
About Adaptive Planning
Adaptive Planning is the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes. The company's software as a service (SaaS) platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Planning enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.
Adaptive Planning is used by over 1,500 organizations worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. The company is the 5th fastest growing software company in Silicon Valley on the Deloitte Technology Fast 500 list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in 80 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with over 400 worldwide partners including Armanino McKenna, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Planning as the NetSuite Financial Planning module. Adaptive Planning is headquartered in Mountain View, Calif. and is funded by Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 2, 2016 02:15 PM EST Reads: 1,494
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Dec. 2, 2016 02:02 PM EST Reads: 186
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Dec. 2, 2016 02:00 PM EST Reads: 4,803
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Dec. 2, 2016 01:30 PM EST Reads: 5,686
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Dec. 2, 2016 01:30 PM EST Reads: 1,803
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 2, 2016 01:15 PM EST Reads: 2,069
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Dec. 2, 2016 01:00 PM EST Reads: 2,440
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Dec. 2, 2016 01:00 PM EST Reads: 1,381
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 2, 2016 12:11 PM EST Reads: 221
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Dec. 2, 2016 12:00 PM EST Reads: 1,824
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 12:00 PM EST Reads: 171
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 2, 2016 11:45 AM EST Reads: 1,455
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
Dec. 2, 2016 11:30 AM EST Reads: 1,845
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Dec. 2, 2016 11:30 AM EST Reads: 3,739
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 2, 2016 11:00 AM EST Reads: 402
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 11:00 AM EST Reads: 400
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 2, 2016 10:45 AM EST Reads: 1,593
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Dec. 2, 2016 10:30 AM EST Reads: 1,901
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 2, 2016 10:15 AM EST Reads: 2,027
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Dec. 2, 2016 10:00 AM EST Reads: 613