Adaptive Insights Adds Big Businesses and Notable Brands as New Customers
Strong Q2 Adds to Record Momentum and Enterprise Success in 2014
Adaptive Insights, the worldwide leader in cloud business analytics for the biggest brands and the hottest companies, announced record second quarter results for 2014, with 109% growth in year-over-year new software bookings for the quarter, larger deal sizes, and hundreds of new enterprise, global, and high-growth customers in the first half of 2014. Notable new Adaptive customers in Q2 include The Jacksonville Jaguars, The Country Music Association, DHL, PayLess Drug, AAA Mid-Atlantic, Maple Leaf Sports Entertainment, Weyerhaeuser, Shutterstock, Heidrick & Struggles, San Francisco Opera, Frost & Sullivan, Radio Shack, and Warner Bros. Home Entertainment Group.
Adaptive Insights' continued high growth brings the company’s customer base to well over 2,200 active customers, representing 5x more customers than any other cloud CPM competitor. And the announcement follows closely on the heels of Adaptive Live 2014, the company’s annual global user conference in May, which attracted nearly 1,000 attendees from Adaptive’s customer base in 85 countries around the world.
Adaptive is helping financial and operational leaders at thousands of organizations manage with greater speed, intelligence, and control, enabling them to develop and execute strategies that accelerate growth and drive success. Adaptive helps businesses make better, more informed decisions in a faster timeframe. The Adaptive Suite delivers unparalleled time and resource efficiencies, enabling 50-70% reduction in time and effort spent on budgeting, planning, consolidation, and analytics, and more than 70% cost efficiencies over legacy solutions. And Adaptive products engage and equip everyone across the organization to collaborate more effectively.
“We are seeing a more rapid pace of Adaptive adoption from on-premises legacy systems that can’t practically keep up with the pace of business,” said John Herr, CEO of Adaptive Insights. “We’re used by the world’s leading enterprises for the most demanding needs — and they’re saving millions and running faster than they ever were as a result. We complement, extend, or replace existing CPM investments across the enterprise.”
Along with continued customer and global growth, Adaptive was honored with a CODiE Award for the Best Cloud Application, and a Best Places to Work award by the Silicon Valley Business Journal. Adaptive Insights executives also earned accolades as an Ernst & Young Entrepreneur of the Year semi-finalist for Adaptive Founder and President Rob Hull, and a CRN Channel Chief award for Adaptive Senior Vice President of International Sales and Global Channels Carolee Gearhart. Independent analyst reports across the board repeatedly rank Adaptive Insights No. 1 in customer satisfaction and user experience among cloud BI & CPM vendors.