Adaptive Planning Named 2012 CODiE Award Finalist in Three Categories

MOUNTAIN VIEW, CA--(Marketwire - Apr 24, 2012) - Adaptive Planning, the worldwide leader in cloud-based corporate performance management (CPM) solutions for companies and nonprofits of all sizes, announced today it has been selected as a 2012 CODiE Award finalist in three categories: "Best Cloud Application/Service," "Best Financial Management Solution," and "Best Business or Competitive Intelligence Solution," by the Software & Information Industry Association (SIIA).

"We are delighted by the breadth of recognition we have received in the CODiE awards this year. Being nominated as a finalist in a single category in these prestigious awards is quite an accomplishment, and the fact that we were nominated in three separate categories validates our broad leadership within the SaaS, financial applications, and business intelligence markets," said Greg Schneider, Vice President of Marketing for Adaptive Planning. "This recognition comes on the heels of recent Adaptive Planning news highlighting exceptional corporate momentum, a significant new round of funding, and enhanced executive leadership, all of which will help us deliver valuable new CPM capabilities to an increasingly broad set of customers worldwide."

The SIIA CODiE Awards acknowledge the software and information industry's finest products and services and honor excellence in corporate achievement.

Adaptive Planning was recognized in the "Best Cloud Application/Service" category for the best solution for creating, delivering, and/or managing services in a cloud computing environment. The company also received recognition in the "Best Financial Management Solution" category, which focuses on the best software solution that automates business accounting and money management, including accounts payable/receivable, general ledger, budgeting, resource allocation, reporting, etc. Finally, Adaptive Planning was acknowledged in the "Best Business or Competitive Intelligence Solution" category, which looks at applications and services that best enable business managers to make strategic decisions.

As a finalist in each of these three categories, Adaptive Planning is receiving early recognition as worldwide leader in cloud-based corporate performance management (CPM) solutions for companies and nonprofits.

Adaptive Planning was the only CPM solutions provider named as a finalist in any CODiE category.

The 27th annual SIIA CODiE Award winners will be announced on Thursday, May 10, at the CODiE Awards Presentations held in conjunction with the SIIA's annual All About the Cloud conference.

About Adaptive Planning
Adaptive Planning is the worldwide leader in cloud-based corporate performance management (CPM) 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 being used by over 1,200 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 8th fastest growing company in Silicon Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction in independent industry surveys. NetSuite, the industry's leading provider of cloud-based financials / ERP software suites, offers a specialized version of Adaptive Planning as the NetSuite Financial Planning module. Adaptive Planning is headquartered in Mountain View, Calif. and is funded by Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.