Cloud corporate performance management (CPM) business Adaptive Insights, has appointed a new CFO, Jim Johnson, former CFO of TIBCO Software and Jasper Software and new board member Mark Templeton, former CEO of mobile workspace provider Citrix as part of its leadership expansion plan.
It also announced another record quarter, for Q4 2015 continuing the company’s strong momentum in the cloud CPM market, ending the year with 50 percent+ year-over-year (YoY) growth in total annual recurring revenue (ARR) bookings.
With market share expanding across enterprise and midsize company categories, Adaptive Insights now has over 3,000 customers, more than three times the customers of all other cloud CPM competitors combined.
“Adaptive Insights has consistently shown strong growth, and this past year represents a milestone one as the company significantly increased its enterprise customer base,” said Kevin Dobbs, CEO at SaaS research and consulting firm Montclare. “As a pioneer in the cloud CPM space, they enable real-time access to business critical insights, which contributed to Adaptive Insights' #16 rank on the Montclare SaaS 250, which showcases the most successful SaaS companies in the world.”
Throughout 2015, the company had significant corporate, product, customer, and partner achievements, including hiring new CEO Tom Bogan; raising $75M in venture funding; launching a new Adaptive Revenue Solution; becoming a Workday certified partner; and receiving top rankings for product/services scores across multiple use cases in the Gartner Critical Capabilities report.