Recent Wins Continue Momentous Year of Sales Growth, Customer Expansion, and Corporate Recognition
PALO ALTO, CALIF. – May 12, 2014 – Adaptive Insights, the worldwide leader in cloud-based business analytics solutions for enterprises and nonprofits of all sizes, today announced it is helping more than 2,000 customers in over 85 countries make strategic decisions that accelerate growth and drive business success. Adaptive’s cloud-based business analytics are penetrating mid-sized and enterprise companies on a global scale, with 96 percent year over year growth in new software bookings in the first quarter of 2014, and 5x more customers than all cloud competitors combined.
Adaptive’s 2000+ customers represent successful, high-growth organizations across all industries, company sizes, and geographies. The world’s leading brands are dropping cumbersome, costly legacy on-premises solutions as well as error-prone, non-collaborative Excel spreadsheets for Adaptive. Most notably, enterprise companies that have recently selected Adaptive solutions include AAA Mid-Atlantic, Bemis, The Boston Globe, Canon, Cirque du Soleil, Nikon, Sunny Delight, Sur La Table, and Tata Chemicals. Additionally, the industry’s hottest IPOs are leveraging Adaptive, including FireEye, Rocket Fuel, Nimble Storage, SolarCity, RetailMeNot and more.
AAA Mid-Atlantic is Adaptive’s 2000th customer.
“With more than 2,000 customers, we have an incomparable group of midsize and enterprise businesses that are validating our technology model and innovations,” said John Herr, CEO, Adaptive Insights. “We rapidly become a mission-critical part of our customers’ core business operation, as exceptional customer satisfaction, success and retention are cornerstones of our business model. Companies around the world are learning that our technology can free CFOs and finance teams from the burdens of on-premises systems and the shortcomings of Excel, resulting in increased visibility and better decision making. We will continue to make the best investments in innovation and global expansion to ensure continued momentum.”
Adaptive’s 2000+ customers are realizing exceptional value from their investments in the Adaptive Suite. For example, since switching to Adaptive, DocuSign® realized an 800 percent ROI within two months of use, and is saving more than $250,000 annually on average.
Major investors, pundits and strategic advisors continue to validate Adaptive’s exceptional leadership and momentum. To date, the company has raised over $100 million in funding from premier global venture capital firms, and recently announced the addition of Ron Codd, former CFO of PeopleSoft, as an investor and Senior Advisor". In addition, Adaptive has received numerous industry distinctions, including the fastest-growing cloud CPM and BI provider on the Deloitte Fast 500 list, and No. 1 in user experience and satisfaction, according to Nucleus Research and BPM Partners, respectively.
Adaptive Insights will be celebrating success and milestones of its 2000+ customers with an industry report and a series of presentations at Adaptive Live 2014, the company’s annual user conference on May 19-21 in San Francisco.
About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. The company’s software as a service (SaaS) platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Insights enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.
Adaptive Insights is used by over 2,000 customers worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. The company is the #1 fastest growing cloud business analytics and CPM software company on the Deloitte Technology Fast 500™ list; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in over 100 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with worldwide partners including Armanino, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers Adaptive Insights as the NetSuite Financial Planning Module. Adaptive Insights is headquartered in Palo Alto, Calif. and is funded by Bessemer Venture Partners (BVP), Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.