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Adaptive Planning Announces Significant UK Customer Traction and Momentum
On-Demand Financial Planning and Reporting Solutions Leader More Than Triples Its UK Customer Base in 2008 With Major Customer Wins in Multiple Industries
| Source: Adaptive Planning
MOUNTAIN VIEW, CA--(Marketwire - October 14, 2008) - Adaptive Planning, the worldwide leader
in on-demand financial planning and reporting solutions for companies of
all sizes, today announced significant business momentum in expanding its
customer base and reach in the United Kingdom. The company more than
tripled its UK customers in just the first three quarters of 2008 and has
also signed seven new partners, including planning, reporting, and
analytics specialists Brovanture and Clear Plan.
"We are delighted with our customer and partner growth in the UK this
year," said William A. Soward, President and CEO of Adaptive Planning.
"We're seeing that there is a global demand for affordable,
rapidly-deployable, and user-friendly budgeting, forecasting, and reporting
solutions. We look forward to continuing to grow our UK and other
international business aggressively as we move ahead."
As the first pure software as a service (SaaS) solution in the business
performance management (BPM) space, Adaptive Planning provides powerful,
flexible, and easy-to-use software without the exorbitant costs or lengthy
installations associated with enterprise BPM and business intelligence
packages. No new hardware, software, or IT support is required; deployments
average less than 2 weeks of consulting time; and business users require
under an hour of training. This model of delivery, along with its robust
features and functions, have proved attractive to numerous UK companies and
organizations, including August Equity LLP, Chesapeake PLC, Sense, Thomas
Miller, U4EA Technologies, and Willerby Holiday Homes.
Adaptive Planning UK customers range from under $2 million dollars to over
$2 billion in annual revenues and include both privately-held and publicly
traded companies. These companies also hail from wide variety of
industries, including banking and financial services, business services,
charities, consumer packaged goods, healthcare, manufacturing, retail and
wholesale distribution and software.
"With Adaptive Planning, we are transforming our annual budgeting exercise
into a rolling process that is light to use and focused on our key business
drivers," said Guy Faller, Controller, Chesapeake Corporation, an Adaptive
Planning customer with activities mainly in the British Isles and
Continental Europe. "We aim to involve more people throughout the
organization to improve the alignment of financial goals and objectives
with operational processes, and to ensure that we maintain an up-to-date
picture of where we are heading. Adaptive Planning was chosen for its
forecasting rigor combined with an intuitive feel that makes it quick to
learn and easy to use, enabling the production of regular high quality
forecasts with relative ease, which is particularly important in an
uncertain economic environment."
Adaptive Planning plans to significantly expand its UK and European sales
channel and sales efforts in the coming year, aided by strong partners like
Clear Plan and Brovanture.
"We are experiencing strong demand for the Adaptive Planning solution in
the UK," said Brian Rumbles, Director of Clear Plan. "The need to be more
agile and adept in planning and budgeting in today's economic environment,
combined with a need for affordable software solutions, is driving
significant inquiries and opportunities."
Adaptive Planning will be exhibiting at Softworld in London on 14 and 15
October 2008 at Stand AF201a and the company's executives will be
conducting a series of executive seminars in Manchester, Birmingham, and
London on October 21, 22, and 23. To register, and for more information,
please visit http://www.adaptiveplanning.com/news/events.php.
About Adaptive Planning
Adaptive Planning is the worldwide leader in on-demand planning and
reporting solutions that streamline financial processes strengthen
collaboration, and drive better-informed, more strategic business decisions
in companies of all sizes. Adaptive Planning makes it easy to move beyond
spreadsheets and automate budgeting, forecasting, and reporting, without
the cost and complexity associated with traditional business intelligence
and BPM software. With free software, free trials, and both on-demand and
on-premise deployment options, Adaptive Planning provides the fastest and
easiest approach to streamline and elevate your financial management.
Adaptive Planning is headquartered in Mountain View, Calif. and can be
reached at 650-528-7500 or www.adaptiveplanning.com.