Adaptive Planning Announces $7.5 Million In Investment Financing Led By Cardinal Venture Capital.Additional Funds will Fuel Continued Growth of Performance Management Software Company; Cardinal Venture Capital General Partner Joins Board of Directors MOUNTAIN VIEW, Calif. -- Adaptive Planning, the leading provider of collaborative business performance management (BPM (Business Process Management) A structured approach that models an enterprise's human and machine tasks and the interactions between them as processes. BPM software provides users with a dashboard interface that offers a high-level view of the operation that typically ) solutions, today announced its completion of $7.5 million in corporate financing. The round of funding, in which past Adaptive Planning investors ONSET Ventures and Monitor Ventures also participated, will enable the company to continue growing its product development, marketing, and sales initiatives in order to expand its share of the BPM and business intelligence (BI) markets among small and midsized companies. Adaptive Planning's third round of financing brings its total outside investment to $19 million. As part of today's news, the company announced that Eric ERIC Educational Research Information Clearinghouse ERIC Educational Resources Information Center ERIC ERISA Industry Committee ERIC Epidemiologic Research and Information Center (Durham, NC) Dunn Dunn may refer to: Places
British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Seriosity and former president and CEO of Pillar pillar, freestanding columnar supporting member. It is a general term, little used as an exact architectural definition except as applied to an upright support in the medieval styles, consisting of an assemblage of juxtaposed shafts and moldings; unlike the column, Corporation. "Our company's business model successfully leverages the two biggest trends in business software today--software-as-a-service and open source--enabling us to provide unprecedented value to midsized companies worldwide," said William A. Soward, chief executive officer of Adaptive Planning. "This investment is an affirmation A solemn and formal declaration of the truth of a statement, such as an Affidavit or the actual or prospective testimony of a witness or a party that takes the place of an oath. An affirmation is also used when a person cannot take an oath because of religious convictions. of not only our corporate strategy, but also the sizeable mid-market BPM and BI opportunity that remains untapped." Adaptive Planning's BPM solutions enable companies to move beyond Excel A full-featured spreadsheet for Windows and the Macintosh from Microsoft. It can link many spreadsheets for consolidation and provides a wide variety of business graphics and charts for creating presentation materials. spreadsheets The following is a list of spreadsheets. Freeware/open source software Online spreadsheets
Used in insurance policy agreements as to compensation for damage or loss. In the context of corporate governance, Director Indemnification uses the bylaws and/or charter to indemnify officers and directors from certain legal expenses and judgements resulting from , for an affordable annual subscription. Adaptive Planning can either be accessed as an on-demand, web-based service, or deployed on-site in a company's datacenter. "Adaptive Planning has broken through in an established enterprise software category by offering a great product via a superior delivery model," said Dunn. "The company has assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. a strong management team with a clear vision for its future. We believe this new funding will enable Adaptive Planning to stake its claim as a dominant player in this attractive market." Adaptive Planning plans to use the new funds for additional product development to expand the breadth of solutions it offers its customers, as well as to extend its marketing, sales, and business development activities. For more about Adaptive Planning and its suite of collaborative BPM solutions, go to www.adaptiveplanning.com. For more about Cardinal Venture Capital, ONSET Ventures, and Monitor Ventures, visit www.cardinalvc.com, www.onset.com, and www.monitorventures.com. About Adaptive Planning: Adaptive Planning is the leading provider of collaborative business performance management (BPM) solutions. Adaptive Planning makes it easy for midsize companies and departments of larger corporations to move beyond spreadsheets and improve decisions by automating their budgeting, forecasting, reporting and analysis. Adaptive Planning provides extraordinary flexibility and value, with on-demand and on-site solutions, open source and commercial licensing terms, and pricing--including a free version of the product--that delivers a total cost of ownership that is a fraction of the cost of traditional BPM and business intelligence software. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com. |
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