Large Corporations Select Adaptive Planning to Automate Their Budgeting, Forecasting, and Reporting

New Clients Validate Widespread Demand for Affordable, Easy-to-Use and Rapidly-Deployable Performance Management Solution

 

MOUNTAIN VIEW, CA – July 11, 2007 — Adaptive Planning,™ the leader in collaborative business performance management (BPM) solutions, today announced that several large corporations, including International Coal Group (ICG), Macdonald, Dettwiler and Associates Ltd. (MDA), Sutherland Global Services, and Unitrin Direct, have selected the company's solutions to automate their budgeting, forecasting, and reporting processes. These clients demonstrate that affordable, easy-to-use, and rapidly deployable performance management solutions can deliver exceptional value to companies of all sizes.

Adaptive Planning provides businesses worldwide with an attractive new alternative to spreadsheets for managing their budgeting, forecasting, and reporting processes. Adaptive Planning's solutions are optimized for companies that have outgrown Excel but lack the personnel, time, or capital required to deploy complex and costly enterprise BPM or business intelligence applications. By moving beyond spreadsheets and automating their planning processes, companies can save time and money and make better, more informed business decisions.

These new corporate clients illustrate that companies of all sizes can benefit from Adaptive Planning's solutions. The Adaptive Planning clients announced today employ thousands of employees, operate worldwide, and generate substantial annual revenues:

• International Coal Group (ICG) is a publicly-traded $900 million provider of coal that is based in West Virginia and markets internationally.

• MDA is a publicly-traded C$1.0 billion provider of advanced information solutions that employs over 3,000 employees in sixteen subsidiaries across Canada , US, and UK .

• Sutherland Global Services is a leading multi-national business process outsourcing provider that is headquartered in New York and employs 17,500 people worldwide.

• Unitrin Direct is an automobile insurer that sells directly to the customer at www.unitrindirect.com and is part of Unitrin Inc. (NYSE:UTR), a $3 billion financial services provider that employs more than 8,000 associates in the United States.

“These new clients validate our approach to the market,” said William A. Soward, chief executive officer of Adaptive Planning. “We have designed solutions that fill the significant gap between the two traditional alternatives for planning and reporting—manual spreadsheets and complex enterprise software. While midsized companies have been particularly under-served by the traditional alternatives, it is clear that large corporations also benefit from our approach. We look forward to delivering our solution to additional enterprise clients going forward.”

“Regardless of size, companies that use spreadsheets struggle with their budgeting, forecasting, and reporting processes,” said Robert Kugel, Senior Vice President and Research Director at Ventana Research. “Most of these companies could make the time they spend on budgeting and forecasting much more useful by adopting a dedicated performance management solution. Adaptive Planning's application provides a strong set of capabilities appropriate for both midsized and small enterprise clients.”

For more information about Adaptive Planning, including the opportunity to test drive the company's budgeting, forecasting, and reporting solutions for free, visit www.adaptiveplanning.com .

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