Growing Demand for the Adaptive Suite and Product Innovation Fuel Rapid Growth in 2014
Adaptive Achieves More Than 50% Year-over-Year Growth, Hits 2,500 Customer Mark, and Closes Out Q4 with Notable Customer Wins
Adaptive Insights, the worldwide leader in cloud corporate performance management (CPM) and business intelligence (BI) for the biggest brands and the hottest companies, announced record results for 2014. The company expanded its employee base to 400 staff globally as it rapidly scales its business to meet market demand, not only from companies that are implementing CPM for the first time, but also from those that are choosing to replace or augment their existing legacy CPM solutions.
“The cloud CPM market continues to be a strong and resilient enterprise software sector,” said Krishna Roy, analyst at the 451 Group. “As a result, vendors in this sector including Adaptive Insights have a rosy outlook. Adaptive is definitely one to watch in 2015.”
Adaptive is in an unparalleled position in the industry to meet customer needs with a broad suite of integrated cloud analytics and planning solutions that are powerful and intuitive enough to effectively streamline the way customers are able to do business, saving both time and money (see Gentiva Health Services, Inc. savings and ROI). The newest innovations in the Adaptive Suite, including the Adaptive OfficeConnect reporting product and Adaptive Integration, add to a new Adaptive Revenue solution and a new user experience also announced in 2014.
Adaptive works with 200 partners in 85 countries to help more than 2,500 customers make strategic decisions that accelerate growth, improve performance, and drive success. Adaptive continues to penetrate mid-sized and enterprise companies on a global scale, and has four times more customers than all cloud CPM competitors combined. The company proudly boasts a 100%+ revenue renewal rate, including upsells.
A selection of notable new customers joining Adaptive in Q4 2014 includes: Adobe, Air Methods Corporation, American Family Insurance, The David and Lucile Packard Foundation, IRT Group (Australia), The Joffrey Ballet, Oxford University Press, Southwest Gas Corporation, Titan International, Inc., Toyota Sweden, and University Health Network.
“It’s exciting to see how Adaptive has become a trusted, strategic partner to thousands of finance leaders across the globe. It’s these finance customers who inspire us to innovate and deliver solutions that help make them successful,” said Tom Bogan, CEO of Adaptive Insights. “We look forward to continuing our momentum in 2015.”
Highlights of 2014 industry honors include:
- No. 1 in satisfaction among all leading Corporate Performance Management providers according to BPM Partners.
- Adaptive was recognised as the 14th most influential SaaS company in the world on the Montclare SaaS 250; and ranked as the No. 1 Fastest Cloud Business Analytics and CPM Provider on Deloitte’s 2014 Technology Fast 500™ list for the fourth year in a row.
- The company earned recognition as one of the Best Places to Work in 2014 by the San Francisco Business Times and Silicon Valley Business Journal.
Adaptive’s banner 2014 is just one of its many achievements since its founding in 2003. Other key milestones in the company’s history are captured in the new Pioneering the Path to Revolutionize Finance graphic illustrating Adaptive’s journey to market leadership.