We are excited today to be a part of Bay Area history as we ring the closing bell at Nasdaq’s brand-new West Coast headquarters in downtown San Francisco. This opportunity was presented to us by Deloitte as the result of our placement on the 2015 Deloitte North America Technology Fast 500 List. It is most definitely an honor to be named to this prestigious list for the fifth consecutive year, but beyond that we are celebrating something that seems even more important—the list indicates that a growing percentage of the industry’s fastest growing companies are implementing corporate performance management (CPM) software.
This year, the Fast 500 list includes 100 companies that use Adaptive Insights software to get a 360-degree view of their businesses, gain valuable financial and operational insights, and successfully accelerate their growth. Our customers’ strong showing, which was 20% of this year’s Fast 500, even includes three customers who rank among the top 10 fastest growing companies, as well as some placing No. 3 or higher in six out of the eight industry categories on the list. What an honor to work with the strategic finance teams of these companies to contribute to their success.
And while the majority of the Fast 500 is comprised of private companies, it is really rewarding to find that six customers on this list had successful IPOs after implementing Adaptive Insights. They needed a tried-and-tested approach for planning, forecasting, reporting, financial consolidation, and analysis. And they desired a transparent view of the business at all times, along with easy access to readiness metrics, which is crucial to any successful IPO.
Being part of fueling a company’s growth is most definitely a badge of honor, but helping them scale, compete and win over the long-term is what really matters. What does it take to build and remain a sustainable business? Great companies are built around great products and teams. But sometimes even the companies with the most innovative solutions become a distant memory. And so, while innovation is an important factor for success, it is also critical that companies engage in regular financial and operational management through analytics. In doing so, they can make more informed decisions that improve business performance and manage rapid growth.
Each Adaptive Insights customer on the Fast 500 list is doing just that—analyzing their businesses in real time, informed by a past, present, and future view while planning ahead to maximize performance. For example, Apptio and Acquia are both multi-year winners recognized on the Fast 500 list. [Disclosure: I serve on the boards of Apptio and Acquia.] They both demonstrate the innovation required to build lasting and differentiated businesses. Even better, they both partner with Adaptive Insights for their financial planning and analytics.
Apptio created the Technology Business Management (TBM) software category which provides a new way to manage the modern IT environment. “As we support IT in driving the evolution from a cost center to a value creator, we have made Adaptive Insights a mission-critical part of our core business operation,” said Kurt Shintaffer, CFO of Apptio.
Acquia has been listed on the Fast 500 since 2013 as well as on Inc. Magazine’s Build 100 for achieving significant, sustained growth in recent years. “Acquia’s growth speaks to the critical role we play in helping organizations transform how they deliver innovative digital experiences to their customers and to the world,” said Tom Erickson, CEO of Acquia. “With Adaptive Insights, we’re no longer dragged down by financial and operational processes, and instead we’re in a stronger position to make faster and more informed decisions around company performance that ultimately serves our customers.”
We couldn’t be happier that these thriving technology companies are turning to the Adaptive Suite for real-time data and powerful insights—and gaining a complete view of their business. Companies that want to take their planning and analysis to the next level, particularly as they continue to innovate, drive company growth, and manage business transformation, are those that desire to leave a lasting footprint on the industry.
Congratulations to them and to all of our customer winners!
The unbeatable combination of powerful yet accessible CPM solutions delivered in the cloud, coupled with exceptional customer support, has driven remarkable growth and success for Adaptive Insights’ customers as they thrive in today’s hot technology and IPO market.
Without question, building long-term, sustainable growth has also been at the core of our own corporate strategy since we were founded. We applaud the modern performance management practices employed by our customers, and are honored to share a place on this prestigious list with them.
For more information about the 100 high-growth Adaptive Insights customers who earned a spot on this year’s Fast 500 list, see our SlideShare.