Budgeting Software Journal

Budgeting and Forecasting Software News And Reviews

Adaptive Planning Achieves Record Results in 2006

By Budgeting Software Journal

Adaptive Planning announced that it achieved record growth in new customers and partners in 2006. This growth complements key corporate milestones for Adaptive Planning, which include the introduction of the first open source BPM solution, significant expansion of its product suite, completion of its executive team, and receipt of prestigious industry awards and recognition. These fiscal and corporate achievements come as Adaptive Planning closes a $7.5 million round of venture funding led by new investor Cardinal Venture Capital, creating strong momentum for the company in 2007.

In 2006, Adaptive Planning demonstrated exceptional momentum in the BPM market by signing a record number of new customers. Customer growth was strong across multiple industries, including the software, nonprofit, high technology, healthcare, and manufacturing segments. New customers ranged in size from less than $5 million to over $500 million in annual revenues, and included both privately- and publicly-held companies from across the globe. Notable new clients from select industries include Black Duck Software, StepStone, and SuccessFactors (software), DentalPlans.com, Gilsbar Inc., and Passport Health Communications (healthcare), Cortina Systems, Tennant Company, and Uponor (manufacturing), and numerous others including AAA, Jaguar Mining, and Med-Eng.

In addition to adding new customers, Adaptive Planning also deepened relationships with existing clients. As confirmation of its sterling customer satisfaction, over 90% of Adaptive Planning clients renewed their subscriptions. [Read more…]

Adaptive Planning Releases Version 3.5 of Business Performance Management Suite

By Budgeting Software Journal

Adaptive Planning announced the latest release of its award-winning software – Adaptive Planning 3.5. This release marks the next step in the company’s mission to provide unprecedented value to mid-market companies, with new features that further improve ease of use, reduce deployment times, and enhance reporting and analysis.

Adaptive Planning enables companies to move beyond Excel spreadsheets and improve decision making by automating their budgeting, forecasting, and reporting processes. Optimized for the needs of midsized companies, Adaptive Planning is available in three different product editions. Express Edition is a free open source version for entry-level budgeting and forecasting. Corporate Edition and Enterprise Edition are commercially-licensed versions that provide enhanced features for company-wide performance management, as well as expanded support and indemnification. The software can either be accessed as an on-demand, web-based service, or deployed on-premises in a company’s datacenter. [Read more…]

Adaptive Planning Wins BPM Partners ”Mid-Market Vendor of the Year” Award

By Budgeting Software Journal

BPM Partners named Adaptive Planning “Mid-Market Vendor of the Year.” In granting the award, BPM Partners cited Adaptive Planning’s leading-edge product offerings, which include on-demand, on-premises, and free open source solutions for budgeting, forecasting, and reporting, as well as the company’s outstanding customer satisfaction marks.

The “Mid-Market Vendor of the Year” award was presented during BPM Partners’ fifth-annual “Beyond the Hype” webcast. The event, produced in conjunction with Business Finance Magazine, reviewed industry trends and revealed the results of vendors’ customer satisfaction ratings collected in BPM Partners’ “BPM Pulse Survey.”

“Adaptive Planning stands out as a company that clearly understands the mid-market, delivering innovative new solutions optimized for the needs of midsized companies,” said Craig Schiff, chief executive officer, BPM Partners. “They recognize that mid-market companies have the same information needs as major corporations, but lack the resources—personnel, time, and capital—typically enjoyed by large enterprises. And by aggressively leveraging new ‘BPM 2.0’ technologies, such as software as a service and open source, Adaptive Planning provides midsize companies with exciting new alternatives to spreadsheets for managing their budgeting, forecasting, and reporting processes.” [Read more…]

Adaptive Planning Achieves Top Ranking at SourceForge

By Budgeting Software Journal

Performance Management Vendor’s Rapid Ascent Demonstrates Skyrocketing Interest in Open Source Enterprise Applications

Adaptive Planning, the leader in collaborative business performance management (BPM) solutions and the world’s first open source BPM provider, today announced that its open source application, Adaptive Planning Express Edition, has quickly generated significant interest and activity at SourceForge, climbing to a leading position in key SourceForge categories. Launched less than two months ago, the application has already generated over 2,000 downloads from 47 countries, becoming one of the highest-ranked projects in multiple SourceForge categories. Adaptive Planning Express Edition is the top-ranked project in the Spreadsheets category, and is among the top 5 projects in OLAP, top 20 in Accounting, and top 40 in both Finance and Enterprise. [Read more…]