Adaptive Planning Named to Short List of Core Performance Management Vendors by Leading Analyst Firm

Company Also Ranked Highest in Customer Satisfaction Among Other Core Performance Management Software Suppliers

 

MOUNTAIN VIEW, CA — February 11, 2008 — Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions, today announced that BPM Partners, a leading authority on business performance management (BPM) products and services, has named it a core vendor in a recently-released “Beyond the Hype” report delivered during a January 15 webinar.

http://www.bpmpartners.com/events_webinars.shtml#BTH2008
BPM Partners awards core vendor status to a select group of software firms that should be considered when developing a short-list for new BPM software projects.

Business performance management software is used to automate financial and operational planning, consolidation, reporting, modeling and analysis of key business performance metrics linked to organizational strategy and performance.

“Adaptive Planning really arrived in 2007,” said Craig Schiff, CEO of BPM Partners. “The company has gained tremendous momentum over the past year, expanding its product features and tripling its client base to over 200 customers. This strong performance, coupled with a unique product offering that includes on-demand and on-premises solutions, subscription pricing, and even a free open source option, make Adaptive Planning an obvious choice for core vendor status.”

BPM Partners is a privately held, independent advisory services firm focused on business performance management (BPM) solutions. The firm’s experts help companies understand the value of business performance management, provide insight on how to collect and analyze the right information to address specific business goals and lead clients through the evaluation and implementation of departmental or enterprise-wide BPM systems. Its annual “Beyond the Hype” report includes the results of its non-vendor sponsored 2008 BPM Pulse Survey of finance, information technology and operations professionals.

“We are delighted to receive this industry recognition, and particularly proud that Adaptive Planning was rated highest in customer satisfaction among all of the leading vendors,” said William A. Soward, CEO of Adaptive Planning. “As a software as a service provider, delivering great software is only part of the equation -- we are also committed to providing exceptional client service on an ongoing basis. Performance management is a mission-critical application, and customers expect and deserve the best.”

About Adaptive Planning
Adaptive Planning is the worldwide leader in on-demand financial planning and reporting solutions that increase efficiencies and drive agile decision making in mid-sized companies and divisions of corporations. Adaptive Planning makes it easy to move beyond spreadsheets and automate budgeting, forecasting, and reporting, without the cost and complexity associated with traditional business intelligence and BPM software. With free software, free trials, and both on-demand and on-premise deployment options, Adaptive Planning provides the fastest and easiest approach to streamlining and elevating your financial management. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.