Contact Information: Media Contacts: Derek Kober GlobalFluency 650.433.4233 Greg Schneider Adaptive Planning 650.810.0525 Red Herring: Yvonne Caprini call Phone +1 (650) 428 2900x410
Adaptive Planning Wins Red Herring 100 North America Award
On-Demand Financial Planning and Reporting Vendor Honored Among This Year's Most Promising Private Technology Ventures in North America
| Source: Adaptive Planning
MOUNTAIN VIEW, CA--(Marketwire - May 20, 2009) - Adaptive Planning, the worldwide leader
in on-demand financial planning and reporting solutions for companies of
all sizes, announced today that Red Herring has named Adaptive Planning a
winner in the software category for the "Red Herring 100 North America"
award, a prestigious award honoring this year's most promising private
technology ventures in North America. The Red Herring editorial team used
an intensely competitive process to select the most innovative companies
from a pool of 1,200, leaving only 100 winners. Award-winning companies
were evaluated on both quantitative and qualitative criteria, such as
financial performance, technology innovation, quality of management,
execution of strategy, and integration into their ecosystem.
This unique assessment of potential is complemented by a review of the
actual track record and standing of a company, allowing Red Herring to see
past the "buzz" and make the list an invaluable instrument for discovering
and advocating the greatest business opportunities in the industry.
"This year was especially difficult," said Alex Vieux, Publisher and CEO of
Red Herring. "There were so many great companies producing really
innovative and amazing products that we had a difficult time selecting the
final 100. We know that this year's crop will grow into some amazing
companies that are sure to go far."
For over 10 years, The Red Herring 100 North America award, open to private
technology companies headquartered in North America, is given to the top
100 tech companies based upon technology innovation, management strength,
market size, investor record, customer acquisition and financial health.
During the several months leading up to the announcement, hundreds of
companies in the telecom, communications, security, Web 2.0, software,
hardware, biotech and clean tech related industries sent in their
submissions to qualify for the award. The Red Herring Top 100 winners were
announced at a special Awards Ceremony at the Red Herring Conference in San
Diego.
"Our top-notch executive team, consistent record of innovation, and
industry-leading products have enabled us to rapidly grow our business,"
said William A. Soward, CEO of Adaptive Planning. "We have continued to add
customers at a record rate during the downturn because our on-demand
solutions for budgeting, forecasting, reporting, and 'what-if' analysis
make it easier for companies to manage through economic uncertainty. We're
honored that Red Herring has recognized us for these achievements."
About Red Herring
Red Herring is a global media company uniting the world's best high
technology innovators, venture investors and business decision makers in a
variety of forums: a leading innovation magazine; an online daily
technology news service; technology newsletters, and major events for
technology leaders around the globe. Red Herring provides an insider's
access to the global innovation ecosystem, featuring unparalleled insights
on the emerging technologies driving the economy. For more information,
visit www.redherring.com
About Adaptive Planning
Adaptive Planning is the worldwide leader in on-demand financial planning
and reporting solutions that improve operational efficiency, strengthen
companywide collaboration, and drive better business decisions in companies
of all sizes. Adaptive Planning makes it easy to move beyond spreadsheets
and automate budgeting, forecasting, reporting, and "what-if" analysis,
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 is the
fastest and easiest way for finance organizations to enhance their agility
and strategic value. Adaptive Planning is headquartered in Mountain View,
Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.