Story image

Adaptive Insights announces a stellar year for FY18

19 Apr 2018

Cloud accounting provider Adaptive Insights has hit revenue, customer, and product milestones in its fiscal 2018 year ending January 31.

The company passed the $100 million revenue threshold and added more than 500 net new customers.

Throughout the year, the company saw global demand accelerate as organisations of all sizes moved their planning, forecasting, and reporting to Adaptive Insights’ Business Planning Cloud solution.

This led to Adaptive Insights joining the 1% of software companies to record annual recurring revenue (ARR) of more than $100 million for FY2018.

The company also appointed Connie DeWitt as chief marketing officer, expanding its leadership team with broad business expertise and deep understanding of business planning and analytics.

“We stayed true to our mission this year: deliver powerful modelling for any size business, yet make it easy for everybody to use,” says Adaptive Insights CEO Tom Bogan.

“We’re delighted to see so many organisations responding to that vision and embracing our Business Planning Cloud. And we’re working hard to make sure this year we’ll be able to help more customers transform how everyone in their business plans.”

Quicken is one of the new customers to choose Adaptive Insights.

“We wanted to compare our performance to our plans in a single step,” says Quicken CFO John Eichhorn.

“We now pull data from NetSuite ERP straight into the Adaptive Insights platform. What was a manual, multi-step process is now a collaborative planning process involving our stakeholders and business functions. The result is we can adjust our business with real-time data and make better decisions faster.”

The company also received a healthy dose of industry recognition for its products, technology, and customer satisfaction/ease of use.

It was included in the Deloitte Technology Fast 500 list, the second annual Forbes Cloud 100 list, received the 2017 SIIA CODiE Award for Best Financial Management Solution, and was named a Leader in the Gartner 2017 Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions.

Why 'right to repair' legislation could be a new lease on life for broken devices
“These companies are profiting at the expense of our environment and our pocketbooks as we become a throw-away society that discards over 6 million tonnes of electronics every year.”
Attacks targeting Cisco Webex extension explode in popularity - WatchGuard
WatchGuard's Internet Security Report for Q4 2018 also finds growing use of a new sextortion phishing malware customised to individual victims.
SAS partners with NVIDIA on deep learning and computer vision
“By partnering with NVIDIA, we combine our strengths to augment human intelligence and realise the true potential of AI.” 
Why businesses must embrace automation to ensure success
“For many younger workers, the traditional view of a steady job at one company, perhaps for life, simply doesn’t reflect reality."
Dropbox invests in hosting data inside Australia
Global collaboration platform Dropbox has announced it will now host Australian customer files onshore to support its growing base in the country.
TYAN unveils new inference-optimised GPU platforms with NVIDIA T4 accelerators
“TYAN servers with NVIDIA T4 GPUs are designed to excel at all accelerated workloads, including machine learning, deep learning, and virtual desktops.”
Worldwide spending on security to reach $103.1bil in 2019 - IDC
Managed security services will be the largest technology category in 2019.
How Cognata and NVIDIA enable autonomous vehicle simulation
“Cognata and NVIDIA are creating a robust solution that will efficiently and safely accelerate autonomous vehicles’ market entry."