Press Releases

MOUNTAIN VIEW, CA — March 17, 2009 — Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced that they are a finalist for two prestigious CODiE Awards in the Best Business Intelligence Solution category and the Best Business Software Solution category.

Established in 1986, the CODiE Awards celebrate outstanding achievement and vision in the software, digital information and education technology industries. Through a unique combination of journalist and expert peer review, the CODiE Awards recognize 71 categories of outstanding products and services.

This year's Finalists represent an impressive array of technology and business excellence and success.

“Adaptive Planning is very pleased to be recognized as a CODiE Award Finalist in two separate categories,” said William A. Soward, CEO of Adaptive Planning. “One of our key goals is to develop innovative, high-quality software solutions that provide exceptional value to our customers on an ongoing basis. This recognition not only affirms that we are delivering against that objective, but also underscores the business value created by affordable, rapidly-deployable, on-demand planning and reporting software in today's economic environment.”

Nearly 190 judges encompassing tech trade journalists, consultants, educators, IT and product specialists, and other knowledgeable yet neutral experts have reviewed all of the products entered. The Finalists were chosen from more than 850 nominations submitted by 600 companies.

According to SIIA President Ken Wasch, "The competition is particularly steep this year during the 24th Annual SIIA CODiE Awards, making selection as a CODiE Finalist a real achievement." Wasch further added that "All the companies on this year's list of CODiE Finalists should feel justifiably proud of their accomplishment in making it to this stage, and have much excitement to look forward to regarding the upcoming CODiE Awards voting!"

This recognition follows a recent announcement by Adaptive Planning that the company achieved record results in 2008, more than doubling results from 2007 and adding over 250 new customers.

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