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Adaptive Planning Ranked in Top 10 in Silicon Valley on Deloitte's Technology Fast 500(TM)Award Underscores Leading Corporate Performance Management Solution's Value to Companies of All Sizes (October 31, 2011)
MOUNTAIN VIEW, CA -- (Marketwire) -- 10/31/11 -- Adaptive Planning, the worldwide leader in on-demand Corporate Performance Management (CPM) solutions for companies and nonprofits of all sizes, today announced it was ranked number 85 overall and in the top 10 in Silicon Valley on Deloitte's Technology Fast 500, a ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on the percentage of fiscal year revenue growth during the period from 2006-2010. Adaptive Planning grew 1,240 percent during this period.
The Adaptive Planning solution allows finance teams to significantly improve financial management by automating corporate budgeting, forecasting, reporting, financial consolidation, dashboards, and what-if scenarios. An alternative to manual spreadsheets and expensive on-premise software, Adaptive Planning is affordable, with a total cost of ownership that is 75% less than traditional alternatives; easy to use, even for non-finance staff; and rapidly deployable, with implementations that take just weeks.
"We are thrilled with this accomplishment," said John Herr, CEO of Adaptive Planning. "We are even more pleased that 30 of our customers have also been named to the Deloitte Fast 500. Adaptive Planning is helping some of the most innovative and fastest-growing companies in the world better manage their business performance -- allowing finance and management teams to more effectively establish plans, monitor performance, report on and analyze results, and make informed decisions -- all of which can drive even faster growth."
About Deloitte's 2011 Technology Fast 500
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Adaptive Planning
Adaptive Planning is the worldwide leader in on-demand corporate performance management (CPM) solutions for companies and nonprofits of all sizes. Adaptive Planning's solutions allow finance and management teams to obtain real-time visibility into performance metrics, streamline financial planning and reporting, and drive better business decisions. By offering affordable annual subscriptions and rapid implementations, and by eliminating the need for new hardware and IT support, Adaptive Planning makes it easy to move beyond spreadsheet-based processes without the cost and complexity associated with traditional on-premise CPM applications.
Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.
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