SOURCE: Adaptive Planning

Adaptive Planning

June 28, 2012 08:00 ET

Robert Hull, Founder, President and CFO of Adaptive Planning, Receives Information Technology Industry's 2012 World's Best Awards for Finance Executive of the Year and Founder/Entrepreneur of the Year

Awards Recognize the World's Best in Information Technology

MOUNTAIN VIEW, CA--(Marketwire - Jun 28, 2012) - Adaptive Planning, the worldwide leader in cloud-based corporate performance management (CPM) solutions for companies and nonprofits of all sizes, announced today that Network Products Guide, the industry's leading technology research and advisory guide, has named Robert Hull a winner of the 7th Annual 2012 Hot Companies and Best Products Awards in two categories: Finance Executive of the Year and Founder/Entrepreneur of the Year.

Rob Hull founded Adaptive Planning to fundamentally change the way finance and executive teams worldwide plan and manage their businesses. The company 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 was the 8th fastest growing company in Silicon Valley on the 2011 Deloitte Technology Fast 500™ list, and recently secured $22 million in new funding based on its leading position in the cloud CPM space. Judges critiqued Adaptive Planning in the following categories: rapid growth, operational efficiency, strategic acquisition or divestiture, capital structure improvement, strategic partnerships, and implementation of best practices.

An annual achievements and recognition awards program with active participation from a broad spectrum of industry voices, the coveted annual Hot Companies and Best Products recognition program encompasses the world's best in organizational performance, products and services, hot technologies, executives and management teams, successful deployments, product management and engineering, customer satisfaction, and public relations in every area of information technology.

"This esteemed industry and peer award recognition as both Finance Executive of the Year and Founder/Entrepreneur of the Year is a great honor," said Rob Hull, Founder, President, and CFO of Adaptive Planning. "These awards further validate Adaptive Planning's leading position in the cloud-based CPM space and underscore the key role that we're playing in helping customers worldwide successfully transform their financial management."

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.

About Network Products Guide Awards
As industry's leading technology research and advisory publication, Network Products Guide plays a vital role in keeping decision makers and end-users informed of the choices they can make in all areas of information technology. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com.

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.

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