MOUNTAIN VIEW, CA--(Marketwired - Jul 16, 2013) - Adaptive Planning, the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes, today announced that it has been chosen by AlwaysOn as one of the AlwaysOn Global 250 winners. Inclusion in the AlwaysOn Global 250 signifies Adaptive Planning's leadership amongst its peers and recognizes the company's game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players in the Global Silicon Valley. Adaptive Planning was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
Adaptive Planning will be honored at AlwaysOn's 11th annual Innovation Summit at the Computer History Museum on July 23rd, 2013. This two-day executive gathering highlights the significant economic, political, and commercial trends affecting the global technology industries. The Innovation Summit's goal is to identify the most promising entrepreneurial opportunities and investments in the global tech industry.
"We are delighted to be recognized as an AlwaysOn Global 250 Winner, as it validates the enthusiastic feedback we've received from customers and the momentum we're experiencing in the marketplace," said John Herr, CEO of Adaptive Planning. "We are pleased to see AlwaysOn highlighting innovation and leadership in cloud technology, as we are seeing the on-demand phenomenon firmly taking hold in fast-growing and global enterprise organizations."
"This year's AlwaysOn Global 250 is seeing an unprecedented shift from desktop to mobile. Concurrently, innovators in the cloud are making it possible for an entirely new generation of application and software solutions to enter the technology marketplace. The enterprise world has endured a long ramp-up to the cloud as well as finally accepting that mobile is here to stay. Now, businesses are demanding even more robust, secure applications with which to run their operations-anytime, anywhere," says Tony Perkins, founder and editor of AlwaysOn. "The Global Silicon Valley is rising to this challenge with unfettered enthusiasm, providing business management solutions, IT infrastructure, and elegant, stable applications. Coupled with bleeding-edge consumer adoption of the latest and most powerful media applications, the companies on this year's AlwaysOn Global 250 represent the highest-growth opportunities in today's private company marketplace."
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.
The AlwaysOn Global 250 winners were selected from among thousands of domestic and international technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2013 list. A full list of all the AlwaysOn Global 250 winners can be found on the AlwaysOn website at: http://aonetwork.com/Announcing-the-2013-AlwaysOn-Global-250-Top-Private-Companies/
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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 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 McKenna, 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 Mountain View, 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.
AlwaysOn is the leading business media brand connecting and informing the entrepreneurial community in the Global Silicon Valley. Founded by Red Herring founding editor, Tony Perkins in 2003, AlwaysOn's mission is to continue to lead the industry by empowering its readers, event participants, sponsors, bloggers, and advertisers like no other media brand.