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Palo Alto, CA – December 12, 2013 — Adaptive Planning, the worldwide leader in cloud-based financial and business analytics solutions for companies and nonprofits of all sizes, announced it ranked as the top cloud business analytics and Corporate Performance Management (CPM) software company on Deloitte’s 2013 Technology Fast 500™, a listing of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. The announcement also highlights Adaptive Planning’s focus on driving customer growth and success. 62 of Adaptive’s customers ranked in the Fast 500 this year, including overall #1-ranked RocketFuel (208,897 percent growth) and #6-ranked FireEye (36,667 percent growth).
The fastest growing companies in five different industries also run on Adaptive.
Adaptive Planning is the planning and business analytics platform of choice for the world’s fastest-growing and best-run organizations. 25 Adaptive customers have gone public since last year, including RocketFuel, FireEye, Kayak, Palo Alto Networks, Eloqua, Model N, Marin Software, RetailMeNot, Bazaarvoice, Demandware, ProofPoint, Ruckus Wireless, Peregrine Semiconductor, and more. These high-flying IPOs have joined an impressive list of more than 250 publicly-traded Adaptive customers worldwide.
Award winners were selected based on percentage fiscal year revenue growth from 2008 to 2012. Adaptive Planning grew 483 percent during this period, while adding customers in nearly 100 countries, expanding its industry-leading channel of over 400 partners, and attracting new funding and strategic investors.
"We are honored to be included on the Deloitte Fast 500 again,” said John Herr, CEO of Adaptive Planning. “It’s particularly rewarding to see so many of our customers on the list. Our growth is a testament to the success we are driving for 1800+ customers in nearly a hundred different countries around the world. We are proud that our solutions enable the most successful organizations on the planet to plan for and manage their exceptional growth.”
2013 continues to be a momentous year for Adaptive Planning. The company grew new software bookings by 90 percent in 2012, secured $45 million in funding in May 2013, and added strategic investments from Jeff Epstein, the former CFO of Oracle, as well as salesforce.com later in the year. Adaptive Planning is the clear leader in cloud business analytics and corporate performance management (CPM). Adaptive ranks #1 in CPM customer experience according to independent industry analysts including Nucleus and BPM partners, and was awarded placement on the JMP Hot 100 list for its rapid growth. Adaptive has a strong presence across multiple vertical industries, including financial services, healthcare, manufacturing, consumer/retail, non-profits & education, and technology & software.
Click to Tweet: Congrats @AdaptivePlans and 62 customers including number 1 on the @DeloitteTMT Fast 500!
About Deloitte’s 2013 Technology Fast 500™ Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
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 1,800 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 #1 fastest growing cloud business analytics and CPM software company 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 nearly 100 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with worldwide partners including Armanino, 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 Palo Alto, Calif. and is funded by Bessemer Venture Partners (BVP), Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.
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