Click here to close now.




















Welcome!

@CloudExpo Authors: Pete Waterhouse, Cloud Best Practices Network, Pat Romanski, Liz McMillan, Elizabeth White

News Feed Item

Adaptive Planning Announces Record Results for 2012

Company Continues to Set Standard as Leader in Cloud-Based Corporate Performance Management (CPM) and Business Intelligence (BI) Solutions

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Amazon and Google have built software-defined data centers (SDDCs) that deliver massively scalable services with great efficiency. Yet, building SDDCs has proven to be a near impossibility for ‘normal’ companies without hyper-scale resources. In his session at 17th Cloud Expo, David Cauthron, founder and chief executive officer of Nimboxx, will discuss the evolution of virtualization (hardware, application, memory, storage) and how commodity / open source hyper converged infrastructure (HCI) so...
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Enterprises can achieve rigorous IT security as well as improved DevOps practices and Cloud economics by taking a new, cloud-native approach to application delivery. Because the attack surface for cloud applications is dramatically different than for highly controlled data centers, a disciplined and multi-layered approach that spans all of your processes, staff, vendors and technologies is required. This may sound expensive and time consuming to achieve as you plan how to move selected applicati...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...