Reaches $80 million revenue mark, achieves growth recognition as global enterprises adopt cloud planning solutions
Adaptive Insights, the only pure-play cloud vendor to be named a leader in strategic corporate performance management (CPM), today announced record achievements from 2016, capping a year of corporate, partner, and customer milestones for the company and the broader cloud CPM industry. Reaching the $80 million revenue threshold in 2016, Adaptive Insights continued its strong performance in the growing cloud CPM market. Also in 2016, Adaptive Insights was the only cloud-only vendor named a leader in Gartner’s Magic Quadrant for Strategic Corporate Performance Management Solutions report*.
“Our growth and expansion over the past year is a testament to the value our customers realise after adopting an active planning approach for their businesses,” said Tom Bogan, CEO of Adaptive Insights. “As more and more organisations move their infrastructure to the cloud, we are seeing a significant demand for cloud planning solutions that are simultaneously easy to use, powerful, and fast. Today, we have thousands of customers using the Adaptive Suite to engage in a truly collaborative planning process, and we are committed to ensuring that our products and services continue to meet these growing demands as our company continues to scale.”
Key to the company’s strong performance in 2016 were new customers, ranging from midsize and nonprofit organisations to Fortune 500 organisations. Notable additions to the company’s global customer list in 2016 include Arizona Diamondbacks, Delta Plastics of the South, LLC., Hulu, Inc., National Academy of Recording Arts and Sciences, NDC Inc., NetMotion Software, New York Mets, Oakland Raiders, and Powdr Corporation.
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“We selected Adaptive Insights because it is fast and powerful, and we successfully implemented Adaptive Insights across our finance team and business partners because it is so intuitive and easy to use,” said Brad MacDonald, senior director of finance, T2 Biosystems. “Our ability to rapidly adjust complex models and make changes to our plans and forecasts in real-time provides a significant competitive advantage for our company. Our finance team is tasked with greater corporate management responsibility and, with Adaptive Insights, we are able to meet these new challenges head on.”