Rapid Growth, New Customers, Innovation and Industry Accolades Reinforce Momentum
SAN JOSE, CA--(Marketwired - Apr 22, 2015) - ADAPTIVE LIVE -- Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies, today announced business highlights and an expanded leadership position for its first fiscal quarter of 2015. Adaptive grew its customer base to more than 2,600 customers in 85 countries -- over four times the customer count of all other cloud CPM vendors combined. The company achieved over 50% YoY growth in total annual recurring revenue (ARR) bookings for Q1 as the company continued to win new midsize and enterprise customers and expand deal sizes globally. Notable new Adaptive customers in Q1 2015 include: California State Parks Foundation, The Humane Society, International Financial Data Services, Make-a-Wish Australia, Oxford International Education Group, Suffolk University, and XO Communications.
"Unwavering performance in a crowded cloud CPM market paired with new innovation and consistently top-ranked customer experience explains why Adaptive is in a leadership position today," said Craig Schiff, Analyst at BPM Partners. "The company has distinguished itself with a broad suite of integrated cloud planning and analytics solutions that are powerful, intuitive and widely deployed across thousands of mid-size organizations and enterprises."
Q1 Highlights:
Adaptive continues its impressive track record of corporate and innovation leadership, including:
"Leading finance executives play a central role in driving business strategy and increasingly driving business growth. As Adaptive helps to power this industry trend and our customers' success, we're seeing outstanding growth as a result," said Tom Bogan, CEO of Adaptive Insights. "Adaptive is in an unparalleled position to help modern finance leaders leverage the best in cloud CPM to take a more strategic and value-added role in the organization."
Adaptive CFO Indicator
Founded by a CFO, Adaptive delivers innovation specifically built to meet the needs of today's finance leaders. Tapping into this community it knows so well, Adaptive recently unveiled its inaugural Q1 2015 CFO Indicator, which unveiled top-of-mind concerns for CFOs along with key attributes of the modern CFO. The study outlined the ways in which modern CFOs can build upon the opportunity to achieve high levels of value creation, strategic decision making, and business transformation.
Adaptive Live
Adaptive Insights is once again hosting the largest gathering of finance customers in cloud CPM for a premier industry conference focused on maximizing companies' performance management journeys. This annual user conference, Adaptive Live, is filled with engaging keynotes, innovative content and product-specific breakout sessions, all custom-built for modern finance leaders. Adaptive Live features the highest level of customer presentations and panel participation in the industry, with nearly 50 customers, and finance leaders, and premier CFOs speaking, keynote presentations from Adaptive executives, and a guest keynote from Stephen Dubner, co-author of Freakonomics, on the power of data-driven insights. Attendees will gain valuable insights with informative breakouts and Wizard Bar sessions, learn how to optimize and extend the use and value of the Adaptive Suite in their businesses, and participate in two dedicated training days with easy access to product specialists.
Tweet: #AdaptiveInsights continues #CloudCPM leadership with strong Q1 results, rapid growth and industry accolades. http://ctt.ec/lYWtf
About Adaptive Insights
Adaptive Insights is the leader in cloud corporate performance management (CPM). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and analytics that empower finance, sales, and other business leaders with insight to drive true competitive advantage. The Adaptive Suite is sold direct or is available through Adaptive's robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, Cohn Reznick, Intacct, KPMG, McGladrey, and Plex Systems. NetSuite also offers Adaptive Insights as its NetSuite Financial Planning Module.
More than 2,600 companies in 85 countries use Adaptive Insights. These range from mid-sized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive on LinkedIn, Twitter, Facebook, and YouTube.
Contact Information:
Contacts:
Derek Kober
Adaptive Insights
650-528-7500
dkober@adaptiveinsights.com
Gina Giachetti
Highwire PR
415-963-4174 ext. 17
adaptiveinsights@highwirepr.com