Carolee Gearhart, Vice President of Global Channels & Partners of Adaptive Insights Recognized as One of CRN's 2014 Channel Chiefs

PALO ALTO, CA--(Marketwired - Apr 2, 2014) - Adaptive Insights has announced that Carolee Gearhart, Vice President of Global Channels and International Sales, has been named one of CRN's 2014 Channel Chiefs. This prestigious list of the most powerful leaders in the IT channel recognizes those executives directly responsible for driving channel sales and growth within their organization, while evangelizing the importance of the channel throughout the entire IT Industry.

CRN Channel Chiefs were selected by the CRN editorial team based on channel experience, program innovations, channel-driven revenue, and public support for the importance of IT channel sales.

Gearhart was chosen for her contributions to the strong growth that Adaptive Insights experienced over the past year and for her work with Adaptive's 200+ global channel partners. Under her leadership, in 2013, Adaptive Insights saw 100 percent year over year growth in the number of partners elevated to Gold status, based on revenue generation. She also helped Adaptive's highest performing partners grow in numbers by 17 percent and in sales by a combined average of 37 percent in 2013.

Gearhart has implemented a Market Development Funds program that creates increasing value for the top performing partners. The past year has seen major translation and support investments in international segments -- from new product translations, additional marketing translations, new dedicated Adaptive resources on international partner markets and joint go-to market plans in EMEA, Asia Pacific and Latin America.

"We are pleased to highlight the many executives throughout the industry who work tirelessly to advance the standing of the channel community within their organizations. The CRN Channel Chief honorees lead, inspire and engage peers and serve as valuable advocates to help ensure the health and longevity of the channel within the IT industry. We applaud their efforts and look forward to their continued success," said Robert Faletra, CEO, The Channel Company. 

The 2014 Channel Chief award by CRN is an honor that is well deserved," says John Herr, CEO, Adaptive Insights. "Carolee Gearhart has done a remarkable job in accelerating our global partner sales opportunities and enhancing our relationship base with new globally recognized partners, such as Cap Gemini and Cognizant Technology Solutions. Carolee's leadership and vision has led Adaptive Insight's partner program to become largest, most robust channel ecosystem in cloud corporate performance management."

The 2014 Channel Chiefs list is featured in the February/March issue of CRN, and online at www.CRN.com. More information on the Partner Program for Adaptive Insights can be found online here.

About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes. The company's software as a service (SaaS) platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Insights enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage. Adaptive Insights is used by over 1,900 organizations worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. The company is the #1 fastest growing cloud business analytics and CPM software company on the Deloitte Technology Fast 500™ list; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in 85 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with worldwide partners including Armanino, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Insights as the NetSuite Financial Planning Module. Adaptive Insights is headquartered in Palo Alto, Calif. and is funded by Bessemer Venture Partners (BVP), Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.

About The Channel Company
The Channel Company is the channel community's trusted authority for growth and innovation, with established brands including CRN, XChange Events, IPED, and SharedVue. For more than three decades, we have leveraged our proven and leading-edge platforms to deliver prescriptive sales and marketing solutions for the technology channel. The Channel Company provides Communication, Recruitment, Engagement, Enablement, Demand Generation and Intelligence services to drive technology partnerships. Learn more at www.thechannelcompany.com.