News
FOR IMMEDIATE RELEASE
Adaptive Planning Rapidly Expands International Presence with Addition of New Clients, Partners and Users
Enabled by Company's Innovative Business Model, Growth Demonstrates Strong Global Demand for Mid-Market Budgeting, Forecasting and Reporting Solutions
MOUNTAIN VIEW, CA — May 21, 2007 — Adaptive Planning, the leading provider of collaborative business performance management (BPM) solutions, today announced that it has rapidly expanded its international presence with the addition of new clients, partners, and users. This rapid growth was made possible by the company's innovative software as a service and open source business model, which allows companies worldwide to instantly access Adaptive Planning software online or download and install it within their own data centers. These results demonstrate a strong global demand for enterprise-class budgeting, forecasting, and reporting solutions that are easy to test drive, use, customize, and afford.
Adaptive Planning provides midsized companies with an alternative to Excel for automating their budgeting, forecasting, and reporting processes. With on-demand and on-premise deployment options available, as well as a free entry-level edition, Adaptive Planning is an ideal solution for companies worldwide.
Among Adaptive Planning's new international clients and partners are Interna Prima, International Benga Company, Positive Advisory, StepStone, and Trask Solutions. Adaptive Planning will now support commercial users and partners in thirteen countries in Europe as well as Brazil, Canada, India, Indonesia, Singapore, and Venezuela. Including users that have generated over 45,000 open source downloads, Adaptive Planning serves companies in over 80 countries worldwide, making it the most widely-deployed mid-market budgeting solution available.
“StepStone has selected Adaptive Planning to help it budget for its increasingly global operations,” said Ian Cole, Chief Financial Officer, StepStone. “We are building budgeting models within Adaptive Planning that will be rolled out to our European entities, as well as US, India and Singapore operations. Adaptive Planning's on-demand model and ease of deployment are an excellent fit for our global needs.”
“As a consulting and technological services company that supports significant banking, telecommunications, and public sector institutions in the Czech Republic, we recognized that Excel was no longer sufficient for managing key financial processes,” said Martin Bruzek, Finance Manager, Trask Solutions. “We are using Adaptive Planning not only to streamline our planning and budgeting processes, but also to enable more accurate forecasting throughout the year. After conducting a trial, we selected Adaptive Planning due to its ease of use, functionality, and relevance for our business requirements.”
“As a young, fast-moving Romanian company, we are always evaluating new growth opportunities,” said Alexandra Sima, Director Economic, International Benga Company. “While the future is impossible to predict, Adaptive Planning helps us to more efficiently model and analyze what-if scenarios as we grow our business.”
“We are excited about our partnership with Adaptive Planning because it supports our mission of providing innovative, reliable and practical solutions to our clients,” said Alain T. Bobet, Vice President of International Business Development, Positive Advisory. “As a leading risk monitoring and management solution provider based in Poland, we leverage and integrate the best technologies so that our clients can respond faster and more intuitively to changing market and financial dynamics. Adaptive Planning will enable us to help our clients improve their budgeting and forecasting methodologies, as well as address their need to keep track of the rapid evolution of the markets through better reporting.”
“Adaptive Planning is an attractive option for planning and reporting software due to its affordable pricing, strong product features, and outstanding client references,” said David Arifin, Managing Director of Interna Prima. “By combining Adaptive Planning software with Interna Prima's resources and experiences in Corporate Performance Management, we can rapidly deliver a budgeting, forecasting, and reporting solution with excellent 'value for money' to the Indonesian market.”
“We are delighted with our rapid growth in international clients and partners,” said William A. Soward, Chief Executive Officer, Adaptive Planning. “This strong momentum—from commercial customers, partners, and companies using our free edition—illustrates that the challenges associated with spreadsheet-based budgeting, forecasting, and reporting are truly global. At Adaptive Planning, we are focused on expanding the market by delivering high-quality, affordable performance management solutions to midsized companies and departments of large corporations—anywhere in the world they are doing business.”
About Adaptive Planning
Adaptive Planning is the leading provider of collaborative business performance management (BPM) solutions. Adaptive Planning makes it easy for midsize companies and departments of larger corporations to move beyond spreadsheets and improve decisions by automating their budgeting, forecasting, reporting and analysis. Adaptive Planning provides extraordinary flexibility and value, with on-demand and on-site solutions, open source and commercial licensing terms, and pricing—including a free version of the product—that delivers a total cost of ownership that is a fraction of the cost of traditional BPM and business intelligence software. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.
Press Contact
Heather Kelly
S&S Public Relations, Inc.
719/634-8274
heather@sspr.com
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