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Nimble Storage IPO Caps Off Banner Year For Adaptive Customer IPOs

Adaptive Planning, cloud cpm software, corporate performance management, business budgeting software, budgeting and forecasting, visual analytics, financial reporting software, Nimble Storage, IPOConsidering the incredible momentum and success Adaptive Planning customers have enjoyed throughout 2013, it’s only fitting that we close the calendar year with one more customer triumph.

This one comes from Nimble Storage (NYSE: NMBL), the leading provider of flash-optimized hybrid storage solutions that filed for an initial public offering (IPO)  back in October. At the time, the company’s leaders projected the stock to open at $16-18 per share. Projections climbed since then to $21 per share. And as of this afternoon, the first day of public trading for Nimble Storage, the company’s stock has increased by over 60 percent and is currently being traded at $33.93 per share.

The success of the Nimble Storage IPO is an appropriate end to a year during which Adaptive Planning customers have been repeatedly recognized for excellence in everything from revenue growth, to innovation, to leadership and market potential. Some of those acknowledgements include:

Nimble Storage is the 8th Adaptive Planning customer to hit the open market during the 2013 calendar year, joining Re/Max, the global real estate network that enjoyed a 20 percent increase during its public debut in October. Among others on the 2013 Adaptive customer IPO list are Model N, Marin Software, RetailMeNot, and Rocket Fuel and FireEye, which went public on the same day back in September.

Overall, approximately 250 Adaptive Planning customers have gone public. All signs point to many more on the horizon. The rate of Adaptive customer IPOs has accelerated since April 2012, with over 25 customers going public since then. Each one serves as proof that the fastest-growing, most innovative companies run Adaptive Planning’s CPM software and business intelligence suite, and are reaping significant efficiency, collaboration, and strategic rewards as a result.

Congratulations to Nimble Storage and all of our customers on a tremendously successful 2013!

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