Adaptive Planning Reports Record First Half Results

MOUNTAIN VIEW, CA--(Marketwire - August 25, 2008) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced that it achieved tremendous growth in revenues and customers during the first half of 2008. During that period, the company also released its most significant product upgrade to-date, doubled its worldwide partner base, and continued to receive accolades for its innovation, customer satisfaction, and industry leadership.

"We're extremely pleased to see such rapid growth in a number of key areas of our business," said William A. Soward, CEO of Adaptive Planning. "The powerful new budgeting, forecasting, and reporting features in Adaptive Planning 5.0, coupled with our groundbreaking collaboration and community capabilities, allow us to provide even more value to customers. The substantial benefits delivered by our on-demand approach are resonating with companies worldwide, and we look forward to continued acceleration in the coming quarters."

Record Financial & Customer Base Growth

Adaptive Planning's first half revenues more than tripled from the same period in the prior year, and the company now counts over 300 companies as clients. In addition to growth from midsize companies, customers between $500 million and $5 billion in annual revenues, such as Fallon Community Health Plan, National Dairy Holdings LP, and Rheem Manufacturing, helped to significantly boost sales. Growth was particularly strong among business services, computer software, healthcare, manufacturing, and retail and wholesale clients, as well as in the nonprofit sector. This increase in customer numbers occurred while maintaining outstanding satisfaction levels -- in the first quarter the company achieved the highest customer satisfaction rating among leading performance management vendors in an independent industry survey.

Partnership-Driven Expansion

In the first half of 2008, Adaptive Planning dramatically expanded its partner network, more than doubling its domestic and international partner base. Over 135 firms in North America, Europe, Asia and South America now work closely with Adaptive Planning to drive joint marketing and sales activities and deliver services. In the first half of 2008, partners contributed to more than 30 percent of new customers wins.

Global "Test Drive" Programs

Over 75 percent of new customers participated in one of the company's global "Test Drive" programs, which include online demos, 30-day trials, and a free entry-level budgeting application, Adaptive Planning Express Edition. The on-premise version of Express Edition, which is available via open source download from SourceForge, has generated over 65,000 downloads from over 85 countries to-date, and consistently places as the #1-ranked project in key SourceForge categories such as Budgeting & Forecasting and BPM software.

New Product Release and Web Site

In June, the company announced Adaptive Planning 5.0, its most significant release since the product was first launched. Version 5.0 offers major enhancements that bring new power, flexibility, and simplicity to budgeting, forecasting, and reporting processes. The new release also introduces two groundbreaking offerings -- private team collaboration spaces and a public financial best practices community -- which allow business users to improve organizational alignment, access and share financial best practices, and ultimately drive more agile, intelligent, and strategic business decisions. Additionally, the company continued to set the standard for SaaS vendors and other providers of mission-critical enterprise software by publishing uptime performance -- which averaged 99.92 percent over the last twelve months.

Furthermore, Adaptive Planning launched a new web site, which highlights the value that Adaptive Planning clients achieve with its solutions via online video testimonials and customer success stories.

Industry Recognition

In the first half of 2008 Adaptive Planning was named to a short list of "core performance management vendors" by leading industry authority BPM Partners. The company was also recognized as a "Hot 100 Private Software Company" by JMP Securities, and was named one of the top 50 software companies in CRN's "2008 Emerging Vendor" report. Other organizations have recognized Adaptive Planning's leadership by inviting executives to speak at numerous industry events, including the Red Herring North America Conference, California Tech Showcase in the World Investment Conference in France, the SIIA On-Demand Europe Conference, and the Software 2008 Conference.

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand financial planning and reporting solutions that improve financial agility, 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