Adaptive Planning Reports Record First Half 2009 Results

MOUNTAIN VIEW, CA--(Marketwire - July 27, 2009) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced record results for the first half of 2009. The company continued to grow rapidly, posting record bookings for 1H09 and adding 291 new clients in the last twelve months, more than doubling its customer base to over 520 active clients.

Adaptive Planning's exceptional value to customers has become even more clear in light of the current economic conditions. Today's high level of uncertainty increases the requirements for more frequent and accurate planning and what-if analysis, better informed business decisions, and greater corporate agility. At the same time, companies of all sizes have become increasingly cost conscious. Adaptive Planning's affordable, quick to implement and easy to use financial planning and reporting solution is an ideal solution for this environment.

Recent Adaptive Planning clients range from pre-revenue start-ups to multi-billion dollar corporations, and hail from numerous industries, including the business services, healthcare, financial services, manufacturing, nonprofit, pharmaceutical, and software sectors.

New customers included Catholic Charities USA, International Power America, Jaspersoft, Orion HealthCorp, San Francisco Ballet, Teradyne and Xactly.

Strategic Partnerships

Of particular note as a major company milestone, Adaptive Planning signed an agreement with NetSuite that significantly extends the company's distribution capabilities. As announced in June, NetSuite will offer Adaptive Planning's solution, including newly developed best-in-class integration capabilities, as its Financial Planning Module which it will make available to its base of 6,600 existing on-demand customers and new prospects beginning in Q3 2009.

In addition, the company continued to strengthen relationships with other industry leaders, including ADP, Intacct, and Intel. Over 200 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.

New Product Introductions

In the first half of 2009, Adaptive Planning made several new product introductions. In June, the company announced Adaptive Planning 6.0, a major new product release that delivers powerful multi-dimensional planning features and best-in-class integration with NetSuite. Concurrently, Adaptive Planning introduced a groundbreaking new benchmarking initiative that gives finance organizations access to previously unavailable information, including both backward- and forward-looking comparative metrics. Taken together, the new product features and benchmarking initiative establish a new standard for today's business performance management solutions, delivering comprehensive data and information that allow companies of all sizes to make better, more agile business decisions and enhance their overall competitiveness.

In February, Adaptive Planning introduced a rescue package for companies adversely affected by Microsoft's announcement that they are discontinuing sales and development of PerformancePoint, their financial planning solution. The program features a 75 percent discount off Adaptive Planning's subscription fees for Microsoft PerformancePoint and FRx customers.

Adaptive Planning Version 5.5, announced in January, extended the solution's leading collaboration features, delivered enhanced data integration capabilities, and introduced language support for French, German, Spanish, and Japanese. With that release, Adaptive Planning continued to set the standard as the most powerful, easy to use, and collaborative planning and reporting solution for companies of all sizes.

Awards and Recognition

In the first half of 2009 Adaptive Planning won several prestigious industry awards for product innovation and overall company success, including the Software and Information Industry Association's CODiE Award for Best Business Intelligence Solution, the Red Herring 100 North American award, and the Technosium Hot Company Award. The company was also the only multi-tenant software as a service (SaaS) provider to be awarded Core Vendor status by BPM Partners, a leading authority on business performance management solutions.

Executive Leadership

Adaptive Planning continued to strengthen its experienced leadership team with the appointment of Hamid Bahadori as Vice President of Engineering and Hosted Operations. Bahadori has a long history of defining and delivering world-class software in both traditional on-premise and hosted environments. Previously, Bahadori served as Vice President of Engineering and Hosted Operations at WebTrends, Vice President of Engineering at Coremetrics, and Senior Vice President of Engineering at Actuate.

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