PALO ALTO, CA--(Marketwired - May 13, 2014) - Adaptive Insights, the worldwide leader in cloud-based business analytics solutions for mid-size enterprises and nonprofits of all sizes with over 2,000 customers, is the fastest growing Top 10 CPM provider in both market share and revenue growth, according to Gartner Inc., Market Share: All Software Markets, Worldwide published on March 28, 2014.
The new report comes just weeks after Gartner named Adaptive Insights a "Visionary" in its Magic Quadrant for Corporate Performance Management Suites, authored by Christopher Iervolino and John E. Van Decker, published on March 19, 2014.
Market share growth is the clearest, most telling window into market shifts, and this Gartner report illustrates the worldwide trend towards cloud CPM. Adaptive Insights grew in market share 18x faster than traditional CPM vendors from 2012 to 2013.
Adaptive Insights accomplishments include:
- Fastest growing pure cloud vendor worldwide in the top 10 -- in both market share and revenue
- Revenue growth rate that is entirely organic based on the global success of its cloud CPM suite
- Broad success across geographic markets, including North America, Western Europe, and more.
"We believe Gartner's latest report clearly validates our momentum in the worldwide CPM market," said John Herr, CEO of Adaptive Insights. "Adaptive Insights grew market share substantially faster than traditional legacy vendors, some of whom were plagued by declines in market share from 2012 to 2013. From our perspective, organizations understand that they no longer have to be held back by costly and hard to manage on-premises software, and they are making the move to agile, intuitive cloud CPM -- they're moving to Adaptive Insights."
About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud-based business and financial 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 Insights enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.
Adaptive Insights is used by over 2,000 customers 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 over 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 Adaptive Insights as the NetSuite Financial Planning Module. Adaptive Insights 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.