|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.
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
Jan. 31, 2015 03:00 PM EST Reads: 5,222
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Jan. 31, 2015 03:00 PM EST Reads: 5,464
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 31, 2015 02:45 PM EST Reads: 4,281
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 31, 2015 02:30 PM EST Reads: 4,587
In this demo at 15th Cloud Expo, John Meza, Product Engineer at Esri, showed how Esri products hook into Hadoop cluster to allow you to do spatial analysis on the spatial data within your cluster, and he demonstrated rendering from a data center with ArcGIS Pro, a new product that has a brand new rendering engine.
Jan. 31, 2015 02:30 PM EST Reads: 2,966
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 31, 2015 02:30 PM EST Reads: 4,265
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Jan. 31, 2015 02:15 PM EST Reads: 2,715
CloudBees, Inc., has announced a $23.5 million financing round, led by longtime CloudBees investor Lightspeed Venture Partners. Existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated in the round. The latest funding announcement follows earlier rounds of $4 million, $10.5 million and $10.8 million, bringing the total investment in CloudBees to just under $50 million since the company’s inception in 2010. Previous venture investment rounds were led by Ma...
Jan. 31, 2015 02:00 PM EST Reads: 1,547
“We are strong believers in the DevOps movement and our staff has been doing DevOps for large enterprise environments for a number of years. The solution that we build is intended to allow DevOps teams to do security at the speed of DevOps," explained Justin Lundy, Founder & CTO of Evident.io, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 31, 2015 02:00 PM EST Reads: 3,647
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by minin...
Jan. 31, 2015 02:00 PM EST Reads: 5,957
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Jan. 31, 2015 02:00 PM EST Reads: 4,527
Puppet Labs on Wednesday released the DevOps Salary Report, based on salary data gathered from Puppet Labs' industry-recognized State of DevOps Report. The data confirms that market demand for DevOps skills is growing, and that DevOps engineers are among the highest paid IT practitioners today. That's because IT organizations today are grappling with how to be more agile and responsive to the business, while maintaining the stability of their infrastructure. DevOps practices, such as continuous ...
Jan. 31, 2015 02:00 PM EST Reads: 2,496
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
Jan. 31, 2015 01:30 PM EST Reads: 3,715
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Jan. 31, 2015 01:15 PM EST Reads: 4,494
Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading innovators are adopting DevOps and cloud together! In his session at DevOps Summit, Andi Mann, Vice President of Strategic Solutions at CA Technologies, explored the synergies in these two approaches, with practical tips, techniques, research data, wa...
Jan. 31, 2015 01:00 PM EST Reads: 4,398
Software AG and Wipro Ltd. have announced a joint solution platform for streaming analytics that provides real-time actionable intelligence for the Internet of Things (IoT) market. “The key to successfully addressing the IoT market is the ability to rapidly build and evolve apps that tap into, analyze and make smart decisions on fast, big data”, said John Bates, Global Head of Industry Solutions and CMO, Software AG. To address the huge market potential created by streaming analytics in conj...
Jan. 31, 2015 01:00 PM EST Reads: 1,907
Appcore deploys cloud for service providers based on the Apache Cloud set. In this demo at 15th Cloud Expo, Nate Gordon, Director of Technology at Appcore, shows their new product that's coming out in January - Appcore Atlas, which is focused on deploying private clouds based on CloudStack in 15 minutes or less. Our upcoming June 9-11, 2015, event in New York City will present a total of 10 simultaneous tracks (the largest conference content in the world) by an all-star faculty, over three days...
Jan. 31, 2015 01:00 PM EST Reads: 2,648
In this scenarios approach Joe Thykattil, Technology Architect & Sales at TimeWarner / Navisite, presented examples that will allow business-savvy professionals to make informed decisions based on a sound business model. This model covered the technology options in detail as well as a financial analysis. The TCO (Total Cost of Ownership) and ROI (Return on Investment) demonstrated how to start, develop and formulate a business case that will allow both small and large scale projects to achieve...
Jan. 31, 2015 01:00 PM EST Reads: 3,647
IBM has announced a new strategic technology services agreement with Anthem, Inc., a health benefits company in the U.S. IBM has been selected to provide operational services for Anthem's mainframe and data center server and storage infrastructure for the next five years. Among the benefits of the relationship, Anthem has the ability to leverage IBM Cloud solutions that will help increase the ease, availability and speed of adding infrastructure to support new business requirements.
Jan. 31, 2015 01:00 PM EST Reads: 2,615
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
Jan. 31, 2015 01:00 PM EST Reads: 2,655