SOURCE: Adaptive Insights

Adaptive Insights

May 14, 2015 08:00 ET

Carolee Gearhart of Adaptive Insights Recognized as 2015 CRN Channel Chief

Gearhart Honored for Her Support and Dedication to Partners and Continued Global Channel Growth

PALO ALTO, CA--(Marketwired - May 14, 2015) - Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies, announced that Carolee Gearhart, Senior Vice President of Global Channels and International Sales has been named to the prestigious list of The Channel Company's 2015 CRN Channel Chiefs. The influential executives on this annual list represent the most powerful leaders in the IT channel who hold responsibility for driving growth and revenue for their organizations through their indirect channel partners. Gearhart, a two-time CRN Channel Chief winner, has led the biggest partner ecosystem in the cloud CPM industry with more than 200 partners for Adaptive Insights.

"Carolee has brought tremendous value and strategic leadership as our partner organization becomes an even more powerful differentiator in global enterprise deal flow," said Keith Nealon, President and Chief Revenue Officer at Adaptive Insights. "During Carolee's tenure, partner results have significantly accelerated, new bookings in international sales have grown substantially, and Adaptive's traction and trusted relationships with strategic partners have dramatically accelerated as we continue to replace and complement legacy on premise installations around the world."

Individuals are selected for inclusion as a Channel Chief based on their track record of channel accomplishments, standing in the industry, dedication to the partner community, and plans for driving future business innovation and channel growth.

Under Gearhart's leadership, Adaptive provided its partners with superior support and opportunities for success in 2014:

  • Adaptive's investment of resources/people to support the channel increased 40% in 2014 and is continuing to grow in 2015
  • Results from active partner new bookings increased by over 100% YoY
  • Contributions to new bookings from the company's top 20 channel partners increased by over 80% YoY
  • The number of partners qualifying for Gold status is up 150% YoY

In turn, Adaptive partners have played a significant role in the company's recent growth, contributing to almost half of the company's 2014 annual recurring revenue (ARR). Adaptive's top three performing partners grew their Adaptive new bookings on average by 95% YoY. Adaptive also doubled the number of partners exceeding $1 million or more in Adaptive new bookings for 2014.

In international Adaptive markets covered by partners exclusively, Adaptive new bookings grew over 50% YoY in 2014, and in Q4 2014 alone Adaptive won customer business with partners in 26 different countries.

Adaptive Partners around the globe shared comments regarding Adaptive as a trusted partner:

"Adaptive has been a great company to partner with. Their team is committed to partner success, and they have the innovative solutions and best practices to help us continue to grow together in North America," said Matt Armanino, Chief Operating Officer and Partner at Armanino, recently awarded Adaptive Partner of the Year for 2014.

"Adaptive's channel leadership and support have helped us achieve record success in addressing the growing market for cloud-based budgeting and forecasting, consolidation and business intelligence in the Australia and New Zealand region," said Martin Kudlik, Director at GK Horizons, Adaptive's Partner of the Year for APAC in 2014.

"The overall growth of Adaptive and increasing sales in our region are a testament to the opportunities that Adaptive has enabled through effective management of their partner program. We have access to the content and resources we need to continue to grow our business together," said Mohamed Jaffer Co-Founder and Director at Clear Plan in the UK.

"Adaptive is a very channel-friendly organization, with substantial investment and attention given to partners. We look forward to continuing a positive and productive relationship with Carolee's organization," said Alex Salazar, General Manager at Be Analytic in Latin America. 

"The global experience of Carolee and her channel team have been invaluable to us as we address new markets for Adaptive solutions. Adaptive sees partners as an important part of their sales ecosystem, and it shows in the channel growth and success they've been able to achieve," said Andre Remmelzwaan, CEO of Solmate in the Netherlands.

Choosing the Chiefs
The 2015 CRN Channel Chiefs have demonstrated their enduring support for the channel by consistently defending, promoting and executing effective channel partner programs and strategies.

"Each year, our editors carefully vet an extensive group of highly accomplished channel executives to highlight those exemplary individuals who earn the mantle of CRN Channel Chief. These executives strive to advance the success and standing of the channel community within their organizations. The 2015 CRN Channel Chiefs lead by example and serve as valuable advocates to help ensure the health and longevity of the IT channel. We applaud their accomplishments and look forward to their continued success," said Robert Faletra, CEO, The Channel Company. 

Behind Adaptive Insight's Channel Champion
Carolee Gearhart has nearly twelve years of experience in senior executive roles, as well as extensive international sales knowledge and involvement in driving strategic partner success in the enterprise software arena. She is responsible for all of Adaptive Insights' sales organizations outside of North America and worldwide business development and channels.

"I am honored to be included in this list among the top Channel Chiefs, and look forward to furthering Adaptive Insights' channel leadership," said Gearhart. "Our success in attracting the highest-quality partners is directly tied to our exceptional product, and to the high-quality, high-character people whom I have the privilege of working with every day. Adaptive as a whole and our partner ecosystem are built on customer success, and defined by a large group of loyal and passionate Adaptive customers."

Visit the Adaptive blog for Carolee's article on Lessons Learned in Building Best-in-Class Channel Partnerships.

The 2015 CRN Channel Chiefs list is featured in the February 2015 issue of CRN, and online at www.CRN.com.

Tweet: .@CaroleeGearhart recognized as 2015 Channel Chief by @TheChannelCo for her dedication to global channel growth. http://ctt.ec/OCd3c+

About Adaptive Insights
Adaptive Insights is the leader in cloud corporate performance management (CPM). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and analytics that empower finance, sales, and other business leaders with insight to drive true competitive advantage. The Adaptive Suite is sold direct or is available through Adaptive's robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, Cohn Reznick, Intacct, KPMG, McGladrey, and Plex Systems. NetSuite also offers Adaptive Insights as its NetSuite Financial Planning Module.

More than 2,600 companies in 85 countries use Adaptive Insights. These range from mid-sized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive on LinkedIn, Twitter, Facebook, and YouTube.

About The Channel Company
The Channel Company, with established brands including CRN, XChange Events, IPED and SharedVue, is the channel community's trusted authority for growth and innovation, For more than three decades, we have leveraged our proven and leading-edge platforms to deliver prescriptive sales and marketing solutions for the technology channel. The Channel Company provides Communication, Recruitment, Engagement, Enablement, Demand Generation and Intelligence services to drive technology partnerships. Learn more at www.thechannelcompany.com.

Contact Information

  • Press Contacts:
    Derek Kober
    Adaptive Insights
    650-810-2486
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    Gina Giachetti
    Highwire PR
    PH: 415-963-4174 ext. 17
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    Marc Courchesne
    The Channel Company
    508-416-1110
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