Last Friday marked a milestone day for Rocket Fuel and FireEye; a pair of Adaptive Planning customers that hit the open market with two of the strongest first-day IPO showings since the late 1990s.
Rocket Fuel, which also runs an ERP solution from Adaptive Planning partner NetSuite, saw its stock rise by over 90 percent at the end of day 1 on the open market. FireEye, backed by Norwest Venture Partners (also an Adaptive Planning investor), jumped by over 80 percent.
FireEye and Rocket Fuel are the two most recent companies to join the growing group of nearly 250 Adaptive Planning customers to go public. Since April, 2012, over 20 Adaptive customers have hit the open market, including Zipcar, Kayak, Palo Alto Networks, Eloqua, and more of today’s fastest-growing, most innovative companies. Here’s a list of others that also went public in 2013.
Marin Software – the online advertising management platform provider gives digital marketing agencies the ability to manage revenue acquisition through online ad campaigns. When it went public in March of this year, Marin gained more than 40 percent on Day 1.
RetailMeNot (backed by Norwest Venture Partners, an Adaptive Planning investor) — The world’s top online coupon website went public in July, 2013. The result? The company’s stock “soared by 32 percent” during its first day of public trading.
Equally impressive is the list of Adaptive customer that went public in 2012: ServiceNow, Bazaarvoice, Demandware, ProofPoint, Kayak, Trulia, Eloqua, Ruckus Wireless, Palo Alto Networks, and Peregrine Semiconductor.
Adaptive Planning is proud to play a role in some of the most success Initial Public Offerings of the last two years. We look forward to adding more Adaptive customers to this list in 2013 and in the years ahead. Congratulations to all of our customers, partners, and investors involved!