PALO ALTO, CA--(Marketwired - Sep 7, 2016) - Adaptive Insights, the only pure-play cloud vendor to be named a leader in strategic cloud corporate performance management (CPM), today announced it has been named to the first-ever Forbes 2016 Cloud 100, the definitive list of the top 100 private cloud companies in the world, developed in partnership with Bessemer Venture Partners. To view the list, please visit www.forbes.com/cloud100. The list will appear in the October 4, 2016 issue of Forbes magazine.
"We are honored to be named to such a prestigious list and truly believe that our success is the direct result of our ability to transform the financial planning and analysis function at more organizations, both large and small, across the globe than any other pure-play cloud CPM vendor," said Tom Bogan, CEO of Adaptive Insights. "Time and again, Adaptive Insights customers report that our superior ease-of-use, visualization, and analytics capabilities are not only enabling their finance teams, but business leaders across the enterprise, to participate in, and own, corporate performance. It is very gratifying to help these companies realize the truly astounding ROI that can result when our software is deployed."
"Adaptive Insights' inclusion in the Forbes 2016 Cloud 100 list demonstrates its strong standing with more than 3,000 customers," said Alex Konrad, Forbes editor of the Cloud 100 list. "It has achieved that position through consistent financial growth, product excellence and superior customer satisfaction, as evidenced by its recognition from its peer judges in the public company ranks."
With 3,000 customers in 85 countries, Adaptive Insights serves the largest customer base of any pure-play cloud CPM vendor. These range from midsized companies and large enterprise organizations in industries such as software as a service (SaaS), manufacturing, nonprofit, healthcare and education. In addition to experiencing rapid and sustained growth, Adaptive Insights continues to be recognized by market analyst firms as a leader in its space.
The company emerged for the first time in the Leaders Quadrant of the Gartner 2016 Magic Quadrant for Strategic CPM Solutions report. This is the first year that a cloud-only vendor has been placed in the Leaders Quadrant of the Gartner Strategic CPM report.*
"Adaptive Insights is definitely a company to watch in the trillion-dollar software industry," said Byron Deeter, a leading cloud investor and partner at Bessemer Venture Partners. "As a pioneer in pure-play cloud CPM, Adaptive Insights has already proven to be a category killer in its space, and one of the best private cloud companies in the industry."
For more information about Adaptive Insights' Forbes 2016 Cloud 100 win, read its blog "Why the Cloud is Expanding CPM Beyond Finance."
The first-ever Forbes 2016 Cloud 100 list profiles the world's top-tier private companies leading the cloud technology revolution, plus twenty rising stars within the field. With advancements in software, cloud security, or platform development, these companies are redefining the future for all industries and sectors.
Forbes, in partnership with Bessemer Venture Partners, received hundreds of submissions to identify the most promising private companies in cloud. The Forbes 2016 Cloud 100 was selected by a panel of judges representing leading public cloud companies, using qualitative and quantitative data submitted by nominees, along with publically available third-party data sources.
Every company named to the Forbes 2016 Cloud 100 is recognized in print and online by Forbes, and Forbes' partners Bessemer Venture Partners and Salesforce Ventures. The companies also receive physical awards and digital badges signifying their inclusion on this exclusive list, as well as an invitation to the celebratory Cloud 100 Awards Dinner, hosted in San Francisco by Forbes, Bessemer Venture Partners and Salesforce Ventures.
About Adaptive Insights
Adaptive Insights is the recognized 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 Insights' robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, BDO, CohnReznick, Deloitte, Intacct, KPMG, McGladrey, Plex Systems, and Workday. NetSuite also offers Adaptive Planning as its NetSuite Financial Planning Module.
More than 3,000 companies in 85 countries use Adaptive Insights. These range from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Epcor, NetSuite, Philips, P.F. Chang's, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive Insights on LinkedIn, Twitter, Facebook, and YouTube.
*Gartner, "Gartner, Magic Quadrant for Strategic Corporate Performance Management Solutions," by Christopher Iervolino and John E. Van Decker, May 31, 2016.