SOURCE: Adaptive Insights

Adaptive Insights

October 29, 2014 15:00 ET

Universal Need for Adaptive Insights Spurs Banner Global Growth

Q3 2014 Marked by 80%+ Year-over-Year Growth, Notable New Customers and Expanding Enterprise Reach

PALO ALTO, CA--(Marketwired - Oct 29, 2014) - Adaptive Insights, the worldwide leader in cloud business analytics for the biggest brands and the hottest companies, announced strong third quarter business momentum as it rapidly scales its business to meet customer demand. Key milestones include: explosive company growth, enterprise customer acquisition, innovative reporting and integration product introductions, industry recognition, and rapid headcount expansion. Adaptive Insights is the #1 fastest growing cloud business analytics and CPM software company on the Deloitte Technology Fast 500™ list.

"It's great to see huge demand not only from companies who are implementing CPM for the first time, but from those who are also choosing to replace or augment their existing legacy CPM solutions," said Rob Hull, Founder and Chairman of Adaptive Insights. "Adaptive is in an unparalleled position in the industry to meet this demand with a broad suite of integrated cloud analytics and planning solutions."

Third Quarter, 2014 Highlights

  • 80%+ year-over-year growth in new software bookings for the quarter.
  • New enterprise customers and notable brands such as Coca-Cola Amatil (Aust) Pty Limited, Colliers International, Cumulus Media, First Interstate Bank, Hitachi Solutions, the Leukemia and Lymphoma Society, University of Arizona, and the Yellow Pages Group.
  • New product solutions including Adaptive OfficeConnect, Adaptive Integration, and intuitive new sheets.
  • Awards for Company of the Year, Executive of the Year, and Top 50 IT Vendor Executive.
  • The addition of over 70 new staff members in the quarter.

Customer Acquisition - Enterprise Growth
The company's rapid growth trajectory brings its customer base to more than 2,300 customers in 85 countries worldwide, which represent 4x more customers than all other cloud CPM providers combined. The company continues to entrench itself within the enterprise market, which represents its fastest growing customer segment.

Product Innovation
Continuing its strategy of ongoing innovation, Adaptive released a new, enterprise-class leading interface to maximize user engagement, along with robust new reporting and integration capabilities, including:

  • Adaptive OfficeConnect: Provides a powerful new way to bring financial, narrative and board books to life in Microsoft Office -- all connected to the Adaptive cloud.
  • Adaptive Integration: Delivers a complete 360° view of business performance via Adaptive Discovery, and now fuels some of the largest cloud business analytics deployments in the world.
  • New Sheets: Brings even more intuitive look, feel, and calculations, and a user experience optimized for click or touch from smartphones, tablets, or desktops.

Awards and Accolades
Adaptive was honored to receive Company of the Year and Executive of the Year for Founder and Chairman Rob Hull in the BIG Awards for Business. Carolee Gearhart, Senior Vice President of Global Partners and International Sales, was also honored as a Top 50 Midmarket IT Vendor Executive.

Headcount
Adaptive has grown rapidly in staff to over 375 employees and is continuing to hire at a very rapid pace, which will result in the company doubling in size over the last year. This comes on the heels of the company's designation as Best Places to Work in 2014 by the San Francisco Business Times and Silicon Valley Business Journal, due in large part to Adaptive's healthy corporate culture and exceptionally high employee retention rate.

New Report on Customer Experiences, Successes
Already ranked #1 in customer satisfaction in independent industry surveys, Adaptive Insights also released today its landmark Adaptive Acceleration report highlighting the Adaptive customer experience, global enterprise successes, and industry inroads. The report showcases the groundswell of success that Adaptive customers have experienced using the suite: "My first order of business at Blurb was to implement Adaptive because I was so happy with how the solutions performed at a prior company. I'm not going anywhere without Adaptive," said Gene Domecus, Chief Operating Officer at Blurb.

Tweet: New Acceleration report highlights tremendous @AdaptiveInsight momentum and customer success worldwide! http://ctt.ec/85yO1+ #BeAdaptive

About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud business and financial analytics solutions. Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, reporting, consolidation, dashboards, and business intelligence 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 worldwide partners such as Armanino, Intacct, IntuitiveTek, Plex Systems, and SAP. NetSuite also offers Adaptive Insights as its NetSuite Financial Planning Module.

More than 2,300 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 or engage with us on LinkedIn, Twitter, Facebook, and YouTube.

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