SOURCE: Adaptive Planning

Adaptive Planning

September 03, 2013 08:00 ET

Adaptive Planning Debuts New Company Headquarters to Continue Rapid Growth

Company Moves to New Palo Alto Location With Twice the Space, New Interiors

PALO ALTO, CA--(Marketwired - Sep 3, 2013) - Adaptive Planning, the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes, has relocated to a new headquarters office that will help the company continue to accelerate its rapid growth trajectory. The new 30,000 square foot space at 3350 W. Bayshore Road, Suite 200 in Palo Alto, California is roughly double the size of the previous Mountain View, California headquarters space to accommodate the company's growing staff. The office features bold new interiors and large, colorful common areas.

According to Adaptive Planning CFO Dave Pefley, the company's new home was built with expansion and convenience in mind. The new building is convenient for transportation, and adjacent to and visible from highway 101 with marshland and bay views.

"Moving into a larger, newly-renovated headquarters is very exciting for our entire company. The new space allows us to continue to retain and recruit the most talented people in our field in the heart of the Peninsula to help develop and market the technology that will meet the needs of our rapidly-growing global customer base," said Pefley. 

Within the last year, Adaptive Planning has grown its workforce by 85 percent and recorded over 90 percent growth in new software bookings. The company also added over 500 new customers within the same timeframe. In total, Adaptive has over 1,700 customers in 82 countries worldwide, including many of the Bay Area's fastest-growing, most innovative companies such as Box, Zendesk, SurveyMonkey, DocuSign, and others. Adaptive Planning is the 5th fastest growing software company in Silicon Valley on the Deloitte Technology Fast 500™ list, and has recently expanded its presence in several other areas throughout the world, including Boston, Chicago, Orlando, Denver, Brisbane, Sydney, London, and Tokyo.

Click to Tweet: Congrats to @AdaptivePlans on the New Company Headquarters for Continued Rapid Growth http://bit.ly/1duxj6s

About Adaptive Planning
Adaptive Planning is the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes. The company's software as a service (SaaS) platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Planning enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.

Adaptive Planning is used by over 1,700 organizations worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. The company is the 5th fastest growing software company in Silicon Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction and usability in independent industry surveys. With customers and partners in 82 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with worldwide partners including Armanino, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Planning as the NetSuite Financial Planning module. Adaptive Planning is headquartered in Palo Alto, Calif. and is funded by Bessemer Venture Partners (BVP), Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.

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