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"We are delighted that Carolee has joined Adaptive. She brings an exceptional background and proven leadership in ratcheting partnerships and alliance success to the next level," said John Herr, CEO of Adaptive Planning. "Her expertise will be valuable as we develop and nurture key channel partners to support this expansion internationally and within larger businesses. Our robust global partner ecosystem has helped Adaptive scale rapidly around the world. It is a cornerstone of our high velocity business model, making us the #5 fast-growing software-company in Silicon Valley, according to the Deloitte Fast 500 list."

Carolee joins at a period of accelerated growth for Adaptive Planning, particularly in larger enterprises. Adaptive Planning's corporate performance management (CPM) and business intelligence (BI) solutions are in use by some of the world's most recognized brands such as Siemens, Philips, and Konica Minolta, as well as high-growth companies such as Jive Software, DocuSign, and NetSuite. The company achieved record growth in new software bookings for 2012, and announced a breakthrough new visual discovery solution and acquisition of myDIALS, the leading provider of cloud data visualization solutions. With these results and milestones, Adaptive Planning continues to strengthen its position as the leading provider of cloud-based CPM and BI solutions.

About Adaptive Planning
Adaptive Planning 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 Planning enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.

Adaptive Planning is used by over 1,500 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 5th fastest growing software company in Silicon Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in 80 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with over 400 worldwide partners including Armanino McKenna, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Planning as the NetSuite Financial Planning module. Adaptive Planning is headquartered in Mountain View, Calif. and is funded by Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.



Contact:

Stephanie Evans
GlobalFluency
650-433-4163
[email protected]

Derek Kober
Adaptive Planning
650-810-2486
[email protected]

Adaptive Planning
650-528-7500
www.adaptiveplanning.com