The amount of the transaction was not disclosed.
Joining initial investors in the round are salesforce.com and Jeff Epstein, former CFO of Oracle.
The company intends to use the capital to scale its reach into new markets, and drive new product innovation including expanded sales planning and analysis capabilities.
With more than 1,800 customers and 400 partners in more than 85 countries,
Led by John Herr, CEO, Adaptive Planning provides a cloud corporate performance management (CPM) that allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence.
Adaptive Planning has a strong presence across multiple vertical industries, including financial services, healthcare, manufacturing, consumer/retail, non-profits & education, and technology & software. It is used by over 1,800 organizations worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts.