SOURCE: Adaptive Insights

Adaptive Insights

January 29, 2015 08:00 ET

Adaptive Insights Unveils Impressive Global Channel Growth and Partner Award Winners During Annual Worldwide Partner Summit

Company Announces Expanding Partner Participation and Business Contribution at Third Annual Summit in Dallas, Texas

DALLAS, TX--(Marketwired - Jan 29, 2015) - Adaptive Insights, the worldwide leader in cloud corporate performance management (CPM) and business intelligence (BI) for the biggest brands and the hottest companies, today announced global growth and increased partner expansion and revenue contribution in 2014. As part of its broad global partner success in 2014, Adaptive also recognized individual partner excellence in its annual partner awards ceremony.

The announcement came before an audience of more than 100 partner companies represented at the third annual Adaptive Insights Worldwide Partner Summit. Total attendance at the summit is up 23% over last year, and international partners represent over 40% of attendees, more than double the international presence of prior years.

Adaptive partners have contributed to the company's strong growth, playing a role in almost half of the company's 2014 annual recurring revenue (ARR). Adaptive partners are also experiencing hyper growth in 2014, with double the number of partners exceeding $1 million or more in Adaptive new bookings for the year. The company's top three performing partners grew their Adaptive new bookings on average by 95% YoY.

In international Adaptive markets covered by partners exclusively, Adaptive new bookings grew 54% YoY in 2014, and in Q4 2014 alone, Adaptive won customer business with partners in 26 different countries.

"Partners are a key ingredient to our overall growth, consistently supporting Adaptive Insight's continued success and development," said Carolee Gearhart, Senior Vice President of International Sales and Global Channels at Adaptive Insights. "We are in tune with our partners, ensuring that they are equipped with the best content and integration with our sales processes to maximize output. We look forward to an even stronger 2015 as we continue to strengthen our strategic partnerships and further our mission of delivering powerful yet intuitive cloud CPM and BI solutions."

At the Adaptive Insights Worldwide Partner Summit, the company also announced its annual award recipients, including Partner of the Year and Rookie of the Year, based on relative contributions to annual recurring revenue.

Adaptive partner award winners include:

Partner of the Year: Armanino
Headquarters: US
"We are very honored and appreciative of the Adaptive Insights Partner of the Year award," said Matt Armanino, Chief Operating Officer and Partner at Armanino. "As a leading advisor to CFO organizations, we are proud to be the largest partner of Adaptive Insights, a company that leads the field in growth and cloud solutions for finance. We look forward to continuing to work with Adaptive in the evolution of CFOs and the office of finance to strategic leadership for the business by providing innovation and strategic value to a growing set of North American customers."

Partner of the Region EMEA: Miagen
Headquarters: Ireland

Partner of the Region LATAM: Cionet S.A. de C.V
Headquarters: Mexico

Partner of the Region APAC: GK Horizons Pty Ltd
Headquarters: Australia

Partner of the Region North America: Intuitive Technologies
Headquarters: US

Rookie of the Year: Modellis
Headquarters: France

Partner Innovation: Carlson Management Consulting
Headquarters: US

Partner Excellence: NetSuite Inc.
Headquarters: US

For more information, visit www.adaptiveinsights.com.

Tweet: At its annual partner summit, #AdaptiveInsights announces hyper growth from channel partners worldwide! http://ctt.ec/c5f91+ #AdaptiveWPS

About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud corporate performance management (CPM) and business intelligence (BI). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, reporting, consolidation, dashboards, and business intelligence 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 2,500 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, read our Adaptive Insights Blog, and follow Adaptive on LinkedIn, Twitter, Facebook, and YouTube.

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