Adaptive Planning Announces Hamid Bahadori as New Vice President of Engineering and Hosted Operations

MOUNTAIN VIEW, CA--(Marketwire - January 5, 2009) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced that it has named Hamid Bahadori as Vice President of Engineering and Hosted Operations. Bahadori will assume primary responsibility for Adaptive Planning's product development and data center operations.

Bahadori has a long history of defining and delivering world-class software in both traditional on-premise and hosted environments. Previously, Bahadori served as Vice President of Engineering and Hosted Operations at WebTrends, an on-demand and on-premise digital marketing provider with thousands of enterprise clients. Prior to WebTrends, Bahadori served as the Vice President of Engineering at Coremetrics, where he led the development and delivery of the next generation of products, including a platform that was recognized as the best technology for reliability, integration, and usability.

Prior to Coremetrics, Bahadori served as the Senior Vice President of Engineering at Actuate Corporation, where he drove the delivery of highly-scalable business intelligence products and played a key role in helping grow revenues five-fold, leading to a successful initial public offering. Before Actuate, he held the role of Vice President of Engineering at Envive, a software performance management company, as well as senior development positions at Oracle and technical positions at NASA's Jet Propulsion Laboratory.

"Adaptive Planning has a reputation for developing groundbreaking performance management solutions while simultaneously delivering the highest level of customer satisfaction," said Bahadori. "This is a great opportunity to put my technical and strategic skills to work, building solutions that are in high demand -- particularly in the current economic environment. I look forward to working with the team to continue developing innovative solutions that provide exceptional customer satisfaction."

"Hamid is a talented executive with a rare combination of skills and background that make him an ideal fit for our company," said William A. Soward, CEO of Adaptive Planning. "He has a proven track record of developing highly-scalable on-demand solutions, thoroughly understands business intelligence software, and is a respected operational manager with a passion for creating high-quality products and compelling user experiences. His leadership of the development organization and contributions to the executive team will be important as we continue our rapid growth and scale the company to the next level."

Bahadori holds a doctorate degree in computer science from the University of California, Berkeley.

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand financial planning and reporting solutions that improve financial agility, 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.

Contact Information: Media Contacts: Derek Kober GlobalFluency 650.433.4233 Greg Schneider Adaptive Planning 650.810.0525