Adaptive Planning Named a Finalist in Two Categories for the 2012 American Business Awards(SM)

MOUNTAIN VIEW, CA--(Marketwire - Jun 27, 2012) - Adaptive Planning, the worldwide leader in cloud-based corporate performance management (CPM) solutions for companies and nonprofits of all sizes, today announced that it has been named a Finalist in both the New Product or Service of the Year and the Company of the Year categories in the 2012 American Business Awards. Adaptive Planning will ultimately be a Gold, Silver, or Bronze Stevie® Award winner in the program.

The American Business Awards are the nation's premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations -- public and private, for-profit and non-profit, large and small. 

"We are pleased by the scale and breadth of recognition we have received in the Stevie Awards this year. The two categories of 'best new product' and 'best company' reflect Adaptive Planning's unparalleled momentum and leadership in the cloud CPM space," said Greg Schneider, Vice President of Marketing for Adaptive Planning. "This recognition comes on the heels of recent Adaptive Planning news highlighting exceptional corporate results, a significant new round of funding, and a major new #1 in customer satisfaction rating -- all of which will help us deliver valuable new CPM capabilities to an increasingly broad set of customers worldwide." 

More than 3,000 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. Adaptive Planning is nominated in the New Product or Service of the Year category for Cloud Application/Service Software as well as the Company of the Year category for Computer Software. 

Adaptive Planning fundamentally changes the world of financial planning and reporting, and has become the de facto solution for cloud-based CPM, with more customers and more partners than all other cloud CPM providers combined. Adaptive Planning's software as a service (SaaS) delivery model presents significant advantages over traditional on-premise corporate performance management software, including 75 percent lower total cost of ownership, greater ease of use, and deployments that take just weeks instead of months. 

Finalists were chosen by more than 140 business professionals nationwide during preliminary judging in April and May. More than 150 members of 10 specialized judging committees will determine Stevie® Award placements from among the Finalists. 

The product and technology categories of the American Business Awards will be announced and presented on Monday, September 17 in San Francisco. Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba. 

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.

About the Stevie Awards:
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.