Adaptive Planning Wins Prestigious Software Satisfaction Award for "Best Newcomer"

MOUNTAIN VIEW, CA--(Marketwire - December 3, 2008) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced that it has been awarded the prestigious Software Satisfaction Award for "Best Newcomer" among accounting, finance, HR, and customer management software vendors. This honour, awarded by Sift Media and presented by Finance Week, was established to reward high standards from software application providers serving UK businesses.

Adaptive Planning more than tripled its UK customers in the first three quarters of 2008 and added seven new partners. Adaptive Planning UK customers range from under 1m GBP to over 1B GBP annual turnover and include both privately-held and publicly traded companies. These clients hail from a wide variety of industries, including banking and financial services, business services, charities, consumer packaged goods, healthcare, manufacturing, retail and wholesale distribution and software.

The Software Satisfaction Awards are based on the views of customers and end-users of business software applications. In addition to customer input, the judges also cited Adaptive Planning's product innovation and company strategy in honouring the company with the "Best Newcomer" award.

Adaptive Planning's budgeting, forecasting, and reporting solution represents an alternative to both manual, Excel-based processes and costly, complex enterprise software. Because the solution is offered via the software-as-a-service (SaaS) model, it is extremely affordable, starting at just 335 GBP per year; does not require any new hardware, software, or IT support; averages just two weeks for implementations; and features annual, seat-based subscriptions that can be dialed up or down as required, limiting risk.

"This recognition validates our company's ongoing commitments to both customer satisfaction and innovation," said William A. Soward, CEO of Adaptive Planning. "In today's challenging economic environment, financial planning and forecasting are essential for survival -- and our SaaS delivery model is the fastest, most affordable, and lowest-risk way for companies to manage through the downturn and emerge more competitive when conditions improve."

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand planning and reporting solutions that streamline financial processes, strengthen collaboration, and drive better-informed, more strategic business decisions in companies of all sizes. 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 streamline and elevate your financial management. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.

Contact Information: Media Contacts: Derek Kober GlobalFluency 650-433-4233 Greg Schneider Adaptive Planning 650.810.0525