Press Releases

MOUNTAIN VIEW, CA — May 22, 2009 — Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced that it has been awarded the CODiE Award for “Best Business Intelligence and Knowledge Management Solution,” presented by the Software & Information Industry Association. This announcement comes alongside other recent accolades, with the company also receiving a Red Herring Top 100 North America award and Technosium 2009 Hot Company award.

Adaptive Planning’s solution for budgeting, forecasting, reporting, and “what-if” analysis represents an alternative to both manual, Excel-based processes and costly, complex enterprise software. Because the solution is offered via the software-as-a-service (SaaS) model, it is ideal for challenging economic times. Adaptive Planning is extremely affordable, starting at just $600 per year; does not require any new hardware, software, or IT support; averages just two weeks of consulting for implementation; and features annual, seat-based subscriptions that can be dialed up or down as required, limiting risk.

“Now in its 24th year, the CODiE Awards continue to recognize those companies providing the best new technology products and services across a broad array of industries,” noted SIIA President Ken Wasch. “In addition, its winners are a prolific testament to the power of technology to deliver innovative solutions to businesses and consumers. SIIA warmly congratulates all of the winners and nominees of the CODiE Awards, whose innovation is essential for continuing America’s leadership in the global knowledge economy,” Wasch continued.

“It’s always an honor to win an award that’s based on peer review,” said William A. Soward, CEO of Adaptive Planning. “This award affirms the value of our on-demand planning and reporting solution, particularly in times of economic uncertainty, when effective and efficient re-forecasting and ’what-if’ analysis are essential for driving competitiveness. Our SaaS delivery model is the fastest, most affordable, and lowest-risk way for companies to improve their agility and successfully manage through the downturn.”

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand financial planning and reporting solutions that improve financial agility, strengthen collaboration, and drive better-informed, more strategic business decisions in companies of all sizes. Adaptive Planning makes it easy to move beyond spreadsheets and automate budgeting, forecasting, and reporting, without the cost and complexity associated with traditional business intelligence and BPM software. With free software, free trials, and both on-demand and on-premise deployment options, Adaptive Planning provides the fastest and easiest approach to streamline and elevate your financial management. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.

Media Contacts:

Derek Kober
GlobalFluency
650-433-4233
dkober@globalfluency.com

Greg Schneider
Adaptive Planning
650-810-0525
gschneider@adaptiveplanning.com