SOURCE: Adaptive Planning
MOUNTAIN VIEW, CA--(Marketwire - Aug 6, 2012) - Adaptive Planning, the worldwide leader in cloud-based corporate performance management (CPM) solutions for companies and nonprofits of all sizes, today announced that it has been chosen by AlwaysOn as one of the AlwaysOn Global 250 winners. The AlwaysOn Global 250 award recognizes Adaptive Planning as a leading company whose game-changing approaches and technologies are disrupting existing markets and entrenched players in the Global Silicon Valley. Adaptive Planning was specially selected by the AlwaysOn editorial team and industry experts from around the world based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
"This year's AlwaysOn Global 250 companies have been shaken up by the recent surge in on-demand and mobile innovation. This year's crop of robust, innovative applications has launched a complex world of interconnected, sophisticated data being used by a voracious consumer and business userbase. Coupled with a massive smartphone and tablet adoption, the opportunities for this year's winners are unlimited," says Tony Perkins, founder and editor of AlwaysOn. "The 2012 AO Global 250 winners are driving the technology market into new, uncharted territory, representing the highest-growth opportunities we've seen in the private company marketplace in the history of the Global Silicon Valley."
Adaptive Planning was selected from among thousands of domestic and international technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2012 list.
The AlwaysOn Global 250 winners were honored at the AlwaysOn's tenth annual Innovation Summit at the Computer History Museum on July 23th, 2012. This two-day executive gathering highlighted the significant economic, political, and commercial trends affecting the global technology industries. The Innovation Summit's goal is to identify the most promising entrepreneurial opportunities and investments in the global tech industry.
Fundamentally changing the world of financial planning and reporting, Adaptive Planning has become the de facto solution for cloud-based CPM, with 5X more customers and significantly more partners than all other cloud CPM providers combined. Adaptive Planning's software as a service (SaaS) delivery model presents significant advantages over traditional on-premises CPM software, including a total cost of ownership that is 75% lower, a web-based user interface that is intuitive for all types of users, and deployments that that take just weeks instead of months.
"We are pleased to be recognized as an AlwaysOn Global 250 Winner, which comes on the heels of exceptional financial results and major corporate milestones that include a significant new round of funding, a continued #1 rating in customer satisfaction, and the introduction of an exciting new visual discovery solution," said Greg Schneider, Vice President of Marketing for Adaptive Planning. "We are experiencing tremendous growth and uptake based on the overwhelming shift to the cloud that's occurring among businesses of all sizes, and appreciate the kind of innovation and attention around cloud technology that AlwaysOn is promoting."
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 -- on a continuous basis, using business data from across the organization. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Planning enables finance, sales, HR, 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, ONSET Ventures, Monitor Ventures, Cardinal Venture Capital and Clairmont Capital.
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, IMPACT Venture Summit Mid-Atlantic, Venture Summit East, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.