Adaptive Planning Wins Prestigious "Mid-Market Vendor of the Year" Award

BPM Partners Honors Performance Management Software Vendor for Leading-Edge Solutions and Top Customer Satisfaction Ratings
 

Mountain View, CA—January 23, 2007—Adaptive Planning, the leading provider of collaborative business performance management (BPM) solutions, today announced that BPM Partners, the leading independent authority on BPM solutions, named the company "Mid-Market Vendor of the Year." In granting the award, BPM Partners cited Adaptive Planning’s leading-edge product offerings, which include on-demand, on-premises, and free open source solutions for budgeting, forecasting, and reporting, as well as the company’s outstanding customer satisfaction marks.

The "Mid-Market Vendor of the Year" award was presented during BPM Partners’ fifth-annual "Beyond the Hype" webcast. The event, produced in conjunction with Business Finance Magazine, reviewed industry trends and revealed the results of vendors’ customer satisfaction ratings collected in BPM Partners’ "BPM Pulse Survey."

"Adaptive Planning stands out as a company that clearly understands the mid-market, delivering innovative new solutions optimized for the needs of midsized companies," said Craig Schiff, chief executive officer, BPM Partners. "They recognize that mid-market companies have the same information needs as major corporations, but lack the resources—personnel, time, and capital—typically enjoyed by large enterprises. And by aggressively leveraging new ‘BPM 2.0’ technologies, such as software as a service and open source, Adaptive Planning provides midsize companies with exciting new alternatives to spreadsheets for managing their budgeting, forecasting, and reporting processes."

"We are pleased to be recognized as the ‘Mid-Market Vendor of the Year,’" said William A. Soward, chief executive officer, Adaptive Planning. "We are also proud that our customer satisfaction score ranked among the highest of all firms surveyed. Taken together, the industry award and excellent customer marks demonstrate that Adaptive Planning is continuing to execute on our mission of providing unprecedented value to midsized companies through low-cost, high-quality, quick-to-implement solutions and world-class customer support."

Adaptive Planning provides flexible choices to customers through three different product editions and multiple deployment options. Adaptive Planning Express Edition, the free open source version, provides entry-level budgeting and forecasting capabilities for departments and teams. Adaptive Planning Corporate Edition and Enterprise Edition, which are available under commercial licenses for low annual subscription fees, provide enhanced features for company-wide budgeting, forecasting, reporting, and analysis, as well as expanded support and indemnification. The software can either be accessed as an on-demand, web-based service, or deployed on-premises in a company’s datacenter.

Companies that are interested in learning more can take advantage of two opportunities to try Adaptive Planning for free: they can download the Express Edition from www.adaptiveplanning.com/download, or trial the Enterprise Edition by visiting www.adaptiveplanning.com/trial.

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 performance by automating their budgeting, forecasting, reporting and analysis. Adaptive Planning provides extraordinary flexibility and value, with on-demand and on-premises 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.