LAS VEGAS, NV--(Marketwired - Jan 16, 2014) - Adaptive Planning, the worldwide leader in cloud-based business and financial analytics solutions for companies and nonprofits of all sizes, today announced global expansion and rising revenue, due in large part to the success of existing channel partners. The announcement came before an audience of more than 100 channel partners at the second annual Adaptive Planning Worldwide Partner Summit, where the company also welcomed new enterprise partners into its channel program, including industry-leading global SI providers Cap Gemini and Cognizant Technology Solutions.
The Adaptive Planning channel partner program has played a key role in the company's continued growth, specifically within the midmarket and enterprise sectors. In 2013, Adaptive Planning saw 100 percent year over year growth in the number of partners elevated to Gold status, based on revenue generation. Adaptive Planning partners have also helped the company expand its global reach from 80 to 102 countries within the calendar year.
"Adaptive Planning is an invaluable partner and a key to our success," said Brian Storrs, president and founder, IntuitiveTEK. "Adaptive Planning's CPM and BI products, delivered as a service, fill a huge market need and its program and support are incomparable. We are incredibly excited to partner with them in 2014 and beyond, delivering world-class insights into financial analytics for our customers around the globe."
Adaptive Planning also announced today that the company's 20 highest performing partners grew their Adaptive sales by a combined average of 37 percent over 2013. Additionally, the company's number of Platinum status partners grew by 17 percent year over year globally.
"Partners are the lifeblood of our global success at Adaptive Planning," said Carolee Gearheart, vice president, Global Channels and Partners, Adaptive Planning. "We are in lock-step with our partner's needs to the point of purposefully syncing our partner summit with our field sales conference, ensuring that our partners receive critical product information at the same time as our sales force. We look forward to an even stronger 2014 as we further strengthen our partnerships, both large and small."
At the Adaptive Planning Worldwide Partner Summit, the company also announced its annual award recipients, including Partner of the Year and Rookie of the Year. Award winners include:
North America: IntuitiveTek
Solution Provider, North America: Revolution Group
Solution Provider, International: Miagen
For more information, visit www.adaptiveplanning.com
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 1,800 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 #1 fastest growing cloud business analytics and CPM software company on the Deloitte Technology Fast 500™ list; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in nearly 100 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.