Worldwide Education Leader, Knowledge Universe, Opts for Global Implementation of Adaptive Planning Solution

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Knowledge Universe® Gives Spreadsheets a Failing Grade, Opts for Large
Global Implementation of Adaptive Planning’s Accelerated and Easy-to-Use
Forecasting, Budgeting and Reporting

Global Education Leader Automates Planning Process Across Education Centers

MOUNTAIN VIEW, CA — February 13, 2013 — Adaptive Planning, the worldwide
leader in cloud-based corporate performance management (CPM) solutions for
companies and nonprofits of all sizes, today announced that Knowledge
Universe®, a global education leader, has done away with cumbersome
Excel-based budgeting and instead implemented Adaptive Planning at its
Singapore headquarters, as well as its operations in other countries around
the world, allowing more than 300 users to benefit from a vastly improved
planning, forecasting and reporting processes.

Knowledge Universe® operates more than 3,000 education centers and schools
across the globe, and employs over 30,000 educators and education
professionals. The finance team faced significant challenges and complexity
managing the budget process across this vast network. They relied on
spreadsheets to collect budget data and then had to consolidate hundreds of
spreadsheets into a single view. This process was very time consuming and
it was difficult to get visibility into key business drivers quickly.

“After implementing an Oracle solution in our Singapore business, we decided
the investment needed for a wider roll-out was cost prohibitive,” recalls
Reg Singh, global CFO at Knowledge Universe®. “We now use NetSuite’s
OneWorld platform for accounting and CRM and learned about its integration
with Adaptive Planning. Adaptive Planning stood out for its ease of use and
strong forecasting and reporting capabilities. In addition, the ease with
which non-finance users are able to utilise the tool was a critical element
in our decision to select Adaptive Planning. Furthermore, it reduced the
time spent managing very large volumes spreadsheets and allowed us to more
effectively manage our global business.”

After successfully implementing Adaptive Planning in Singapore in 2010 for
the 2011 budget, Knowledge Universe® extended the solution initially across
Malaysia, India and the United Kingdom over the course of 2011 and 2012.
Today, the company has more than 300 users of Adaptive Planning. They rely
on the solution for budgeting, personnel planning and revenue planning,
which is driven by student enrollment and programme pricing. They also
conduct monthly forecasting across all of their education centers.
Recently, they added Adaptive Discovery, the visual discovery application
within the Adaptive Planning suite of performance management solutions,
which provides dashboards and scorecards for financial and non-financial
data.

“The real value of Adaptive Planning is not only the automation aspect, but
that it provides a much richer budgeting environment, with which we can
think through our strategy, better understand assumptions while delivering a
more thought-driven budget to the organization,” said Singh. “Adaptive
Planning is much more than just a planning tool and enables us to deliver
management reporting across the organization.”

“Adaptive Planning is proud to support the world-class education innovation
that Knowledge Universe® represents; it has eliminated a lot of manual
effort for the finance team and delivered improved consolidation and
enhanced visibility to the organization, enabling better collaboration and a
more comprehensive budgeting process,” said John Herr, CEO, Adaptive
Planning. “As Knowledge Universe® continues to expand and prosper, we are
excited to deliver a valuable solution to automate the budgeting,
forecasting and reporting process across its global network of education
centers.”

“From our perspective, Adaptive Planning is a pleasure to use,” confirms
Marianne Behrens, CFO, South East Asia, Knowledge Universe®. “We now have
critical data at our fingertips. The dashboard capabilities give us
immediate insight and the ability to drag and drop variables on the fly when
creating reports is very helpful. Adaptive Planning has added tremendous
value to our FP&A function.”

About Knowledge Universe®
Knowledge Universe® is a global education leader with a network of more than
3,000 education locations worldwide employing over 30,000 educators and
education professionals. It offers services in all education sectors through
well-recognized institutions in early childhood, primary and secondary, and
higher education, touching the lives of over 300,000 students daily around
the globe. For more information, visit http://www.kueducation.com.

About Adaptive Planning
Adaptive Planning is the worldwide leader in cloud-based business analytics
solutions for companies and nonprofits of all sizes. The company’s software
as a service (SaaS) platform 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
enables finance, sales, and other business leaders to make better, faster,
more collaborative decisions that drive a true competitive advantage.

Adaptive Planning is used by over 1,500 organizations worldwide, from
midsized companies and nonprofits to large corporations, including AAA,
Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail
Resorts. The company is the 5th fastest growing software company in Silicon
Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in
midmarket CPM; and ranks #1 in customer satisfaction in independent industry
surveys. With customers and partners in 80 countries worldwide, the company
has the strongest channel ecosystem in the cloud CPM space, with over 400
worldwide partners including Armanino McKenna, Intacct, IntuitiveTek, Plex
Systems, SAP, and NetSuite, which offers a specialized version of Adaptive
Planning as the NetSuite Financial Planning module. Adaptive Planning is
headquartered in Mountain View, Calif. and is funded by Norwest Venture
Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor
Ventures, and Cardinal Venture Capital.

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