SOURCE: Adaptive Insights

Adaptive Insights

January 25, 2016 08:00 ET

Software Giant Mark Templeton Joins Adaptive Insights' Board of Directors

Former Citrix CEO Expands Board Expertise for High-Growth Cloud CPM Company

PALO ALTO, CA--(Marketwired - Jan 25, 2016) - Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies, announced that it has elected Mark Templeton, former CEO of mobile workspace provider Citrix (NASDAQ: CTXS), to its board of directors. The appointment is part of a broader leadership expansion plan including addition of Jim Johnson, a veteran finance leader with both public and private market expertise as the company's new Chief Financial Officer. Adaptive Insights also announced its Q4 2015 performance, which reinforces the company's recognition as a high-growth leader1 with over 3,000 customers worldwide, continuing to scale, and defining the growing cloud CPM market.

During Templeton's 20-year tenure, Citrix underwent a successful IPO, grew revenue from $10 million to $3.14 billion, and served over 100 million users worldwide. Templeton joins as the eighth member of the Adaptive Insights board, which includes President and CEO Tom Bogan and Founder and Chairman Rob Hull, as well as key investors and finance leaders.

"As we prepare to enter a new chapter in our company's history, we seek the advice, guidance and experience of industry veterans with demonstrated success in high-growth, large-scale business models," said Hull. "Mark is a software giant who enabled meteoric growth during his two decades with Citrix and understands how to successfully scale a business. His software as a service (SaaS), strategic and go-to-market experience will be invaluable to Adaptive Insights as we continue to grow and expand globally, staying ahead of the fast-growing cloud CPM market."

Templeton joined Citrix in 1995 as vice president of marketing, became president in 1998 and was appointed CEO in 2001. He retired from Citrix in 2015 and currently serves on the board of directors for Equifax (NYSE: EFX), a global information solutions provider, and Keysight Technologies (NASDAQ: KEYS), Inc. an electronic test and measurement company.

"Adaptive Insights software is transforming how companies plan, measure and deliver best-in-class business performance, and I'm excited to join the board of this rising SaaS star," said Templeton. "I look forward to drawing on my Citrix and industry experiences to help enable further growth and expansion at Adaptive Insights."

Templeton holds a bachelor's degree in product design from North Carolina State University's College of Design, and an MBA from the University of Virginia's Darden School.

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 Insights' robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, BDO, Cohn Reznick, Intacct, KPMG, McGladrey, Plex Systems, and Workday. NetSuite also offers Adaptive Planning as its NetSuite Financial Planning Module.

More than 3,000 companies in 85 countries use Adaptive Insights. These range from midsized 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 Insights on LinkedIn, Twitter, Facebook, and YouTube.

1 Deloitte North America Technology Fast 500

Contact Information