The Venture Codex

Participated · Equity · Mar 2012

Adaptive Insights offers a cloud-based finance suite for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence. The Adaptive Suite is sold direct and through a cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, BDO, KPMG and others, and is also offered by NetSuite as its Financial Planning Module. Led by CEO Tom Bogan, the company serves 2,700 customers in 85 countries across midsized companies, nonprofits, and large corporations (including AAA, Boston Scientific, Konica Minolta, Philips, and Siemens). The company plans to use the new funding to accelerate product innovation and global expansion. Its partner and channel strategy includes major professional services and ERP partners that help distribute the product. The suite focuses on finance teams and corporate performance management workflows. Adaptive Planning delivers cloud-based corporate performance management (CPM) and business intelligence (BI) products for companies and nonprofits. Its product suite includes Adaptive Consolidation for financial consolidation and analysis and Adaptive Discovery for visual analytics, interactive data visualization, and alerting. The company’s solutions are used by over 1,600 organizations worldwide, including customers such as AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. Adaptive also works with worldwide partners—Armanino McKenna, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite—that offer a specialized version as the NetSuite Financial Planning module. Led by CEO John Herr, the company plans to continue product development and expand its market reach. The article does not disclose revenue figures. Adaptive Planning offers a cloud-based SaaS corporate performance management platform that lets finance, sales, HR and other management teams plan, monitor, report on and analyze financial and operational performance. Its platform includes budgeting, forecasting, reporting, consolidation, dashboards and business intelligence capabilities. The service is used by over 1,200 organizations worldwide, including customers such as AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips and Vail Resorts. Led by CEO John Herr, the company serves midsized companies, nonprofits and large corporations. Adaptive Planning is hiring and is focused on expanding its market presence.