PALO ALTO, CA--(Marketwired - Nov 17, 2016) - Adaptive Insights, the only pure-play cloud vendor to be named a leader in strategic cloud corporate performance management (CPM), today announced it was named to the Deloitte Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America. Adaptive Insights grew 224% during this period.
Adaptive Insights customers also had a strong showing on the list, with 81 customers represented. Highlights of the list include:
- 20 Adaptive Insights customers posted growth of 1000% or more
- Two Adaptive Insights customers made the list of the top 10 fastest-growing companies
- 52 of the companies in the largest industry segment (software) are Adaptive Insights customers
- Adaptive Insights software enables 19 companies in the top two fastest growing industries (biotechnology/pharmaceutical and digital content/media/entertainment)
Adaptive Insights Chief Executive Officer Tom Bogan credits its easy-to-use cloud approach to CPM and its more than 3,000 satisfied customers, with the company's revenue growth.
"It's an honor to once again be named to this prestigious list, but perhaps more importantly, to be named alongside so many of our fast-growing customers," said Bogan. "By providing the tools needed to help measure and forecast corporate performance, we are enabling these customers to mitigate risk and take advantage of future opportunities, course-correcting as needed to ensure agility and success over the long term. We look forward to continuing to serve our expanding customer base and enabling their ongoing growth."
"Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. "This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls."
"This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors."
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121% to 66,661% from 2012 to 2015, with median growth of 290%.
Adaptive Insights achieves this placement following back-to-back recognition as a leader in the corporate performance management space. Earlier in the year, the company was named to the Leaders Quadrant of the Gartner 2016 Magic Quadrant for Strategic CPM Solutions report* -- the first year that a cloud-only vendor has been placed in the Leaders Quadrant of the Gartner Strategic CPM report. The company was also named a leader in the Forrester Research, Inc. October 2016 report, The Forrester Wave™: Enterprise Performance Management, Q4 2016**.
For additional information on the Deloitte 2016 Technology Fast 500, read the blog "Agility Puts Companies on Fast Track to Growth"
About Deloitte's 2016 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see http://www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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 midsize 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, Magic Quadrant for Strategic Corporate Performance Management Solutions," by Christopher Iervolino and John E. Van Decker, May 31, 2016.
**"The Forrester Wave™: Enterprise Performance Management, Q4 2016" by Paul D. Hamerman with Christopher Andrews, Joseph Miller, October 6, 2016.