HispanicBusiness

MOUNTAIN VIEW, CA -- (Marketwire) -- 01/17/13 -- Adaptive Planning, the worldwide leader in cloud business analytics solutions for companies and nonprofits of all sizes, today announced at its Worldwide Partner Forum the appointment of Carolee Gearhart as its Vice President of Global Channels & Partners. Gearhart brings deep experience in driving strategic partner success in enterprise software with nearly twelve years in senior executive partnership roles at SAP and PeopleSoft.

Gearhart joins Adaptive Planning as the company announces record growth of its leading network of more than 400 worldwide partners and its customer base of more than 1500 customers in 80 countries. New software bookings grew over 90 percent in 2012. With its growing product breadth and increasing market momentum, Adaptive Planning has added more than 100 partners in 2012. This partner channel influences 50 percent of the company's rapidly growing business. Channel partners helped to win many new enterprise accounts, including Adidas, Bridgestone, Fujitsu, SAB Miller Brewing Company, and Toyota.

The announcement comes on the first day of the company's Worldwide Partner Forum, an annual gathering of key partners from around the world to share strategies and best practices and to continue to accelerate business opportunities for Adaptive Planning's solutions.

"I am thrilled to be joining Adaptive Planning, a high growth company that has already built a thriving channel ecosystem," said Carolee Gearhart. "As the company continues to expand market opportunities, particularly in new global regions and with new product lines, I look forward to engaging with partners in accelerating, driving and optimizing channel opportunities. I'm excited about embracing the power and enthusiasm of the partners to amplify the passion that customers have shown for Adaptive Planning as a product and a company."

Gearhart brings solid experience in channel and strategic alliance leadership roles at large enterprise software companies. Carolee's roles at SAP included Global Vice President of OEM, Head of the Strategic Partner Organization, and Vice President of Business Development where she managed more than $1 billion of annual revenues in systems integration partnerships, owned $200 million in resale license revenues and $100 million in OEM revenues. Her team included a 100+ employee organization, and delivered 15 percent growth in revenues from top tier partners. At PeopleSoft, she held the position of Vice President of Global Channels where she built and owned the global strategic plan and business development, and expanded initial channel revenues from $0 to $21 million in one year. Before PeopleSoft, Gearhart held a Senior Consultant position at Deloitte & Touche.

As the Vice President of Channels at Adaptive Planning, Gearhart will join the senior executive team reporting to the CEO to usher in renewed global expansion and channel programs.