![]() While the company disclosed they have 3,800+ customers as of April 30th (Q1'19), they don’t disclose other GAAP financials later than Q4'18. Company MilestonesĪdaptive did $106.5M of total revenue in FY’18 (January 31st fiscal year end), up 30% from $81.8M in FY’17. The company had 498 FTEs (full-time employees) as of January 31, 2018, and is based in Palo Alto, CA. The company was founded in 2003 under the name Visus Technology and changed their name to Adaptive Planning in 2003, and to Adaptive Insights in 2014. As of April 30, 2018, Adaptive had 3,800+ customers located across 50 countries. They have historically relied on Excel, which is manual and error-prone. The market today, and in particular mid-market companies where Adaptive has focused, lack software to help finance/FPA (financial planning and analysis) teams forecast and model their businesses. plan and test different modeling scenarios. They also have a product where companies can evaluate performance vs. Adaptive’s product, the “Adaptive Insights Business Planning Cloud” enables companies to effectively forecast their business, analyze performance, share dashboards, and generate management reports. ![]() The company’s mission is to “ free people to do their best work and to empower teams to better manage their business”. There has been a flurry of SaaS/B2B IPOs this year Adaptive is now the 11th company to file. The company plans to trade on the NYSE under the symbol “ADIN” and Morgan Stanley is leading the transaction. Adaptive Insights, a leading provider of cloud-based business planning software, filed for a $100M IPO.
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