Adaptive Planning Attracts $45 Million in Venture Funding led by Bessemer Venture Partners (BVP)

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Substantial Investment Round and Leading Cloud Investor Bessemer to Help
Adaptive Further Scale and Outpace the Field in a Hot Business Analytics
Market

San Francisco, Calif., May 21, 2013 – Adaptive Planning, the worldwide
leader in cloud-based business analytics solutions for companies and
nonprofits of all sizes, today announced at its Accelerate 2013 global user
conference that it has secured a major new round of $45 million in venture
funding. Bessemer Venture Partners (BVP), a premier global venture capital
firm, led the round, with existing investors ONSET Ventures, Norwest Venture
Partners (NVP), RBC Venture Partners, Cardinal Venture Capital, and Monitor
Ventures also participating. Adaptive Planning will use the additional
capital to scale its direct sales and partner channels in North America,
expand into attractive new enterprise and international markets, and drive
new product innovation.

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