Adaptive Planning Announces $10 Million Investment Led by RBC Venture Partners

MOUNTAIN VIEW, CA, Jan 22 (MARKET WIRE) --
Adaptive Planning, the worldwide leader in on-demand business performance
management (BPM) solutions, today announced the completion of a $10-million
financing round led by new investor RBC Venture Partners. Prior investors
Cardinal Venture Capital, Monitor Ventures, and ONSET Ventures also participated
in the round.

As part of the new financing, Robert Antoniades, Managing Director of RBC
Venture Partners, will be joining the company's board of directors. The
newfunds will be applied to product development, marketing, sales, and business
development initiatives focused on gaining a rapidly increasing share of the
worldwide performance management market.

"RBC has a strong track record investing in both on-demand, software as a
service (SaaS) solutions and performance management software companies," said
Antoniades. "Adaptive Planning's SaaS-based BPM solution addresses the
enormous,
underserved market of mid-sized companies that still rely on simple
spreadsheets for managing key financial processes such as budgeting,
forecasting,
and reporting. Our investment will assist Adaptive Planning's efforts to provide
a
better solution to this highly attractive growth market."

Enabling Fast-Moving Organizations to Become More Agile

Adaptive Planning's powerful yet easy to use budgeting, forecasting, and
reporting solution allows companies in dynamic business environments to move
beyond spreadsheets, improving efficiencies in key financial processes and
driving
agile decision making. The secure, web-based solution streamlines and
strengthens
planning and reporting by enabling widespread management participation within an
environment that is easy to manage and control. With Adaptive Planning,
companies can significantly reduce budgeting and forecasting times, increase the
frequency and accuracy of financial reporting, and dramatically improve
business decisions by involving managers throughout the organization. To
meet the needs of diverse customers, the solution is available in three
editions that support varying levels of business complexity, and can either be
accessed on-demand or deployed on-premise in a company's datacenter.

"This new round of funding validates Adaptive Planning's market
opportunityand business model," said William A. Soward, CEO of Adaptive
Planning.
"Ouron-demand solution is the ideal alternative for the tens of thousands of
companies -- over 75 percent of the market -- that still rely upon manual,
inefficient, and error-prone spreadsheets for managing and controlling
budgeting,
forecasting, and reporting. With this new funding, we will continue unlocking
this market opportunity, providing more organizations worldwide with a simple,
affordable, and rapidly-deployable solution for transforming their
mission-critical financial processes."

For more about Adaptive Planning and its on-demand budgeting, forecasting,
and
reporting solutions, go to www.adaptiveplanning.com. For more about RBC
Venture Partners, Cardinal Venture Capital, ONSET Ventures, and Monitor
Ventures,
visit www.rbc.com/vp/index.html, www.cardinalvc.com, www.onset.com, and
www.monitorventures.com.

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand business
performancemanagement (BPM) solutions that increase efficiencies and drive agile
decision-making in dynamic, forward-looking companies. Adaptive Planning makes
it
easy to move beyond spreadsheets and automate budgeting, forecasting, and
reporting,
without the cost and complexity associated with traditional business
intelligence and BPM software. With free software, free trials, and both
on-demand
and on-premise deployment options, Adaptive Planning provides the fastest and
easiest approach to streamlining and elevating your financial management.
Adaptive Planning is headquartered in Mountain View, Calif. and can be
reached at 650-528-7500 or www.adaptiveplanning.com.

Media Contacts:
Derek Kober
GlobalFluency
650-433-4233
Email Contact

Greg Schneider
Adaptive Planning
650.810.0525
Email Contact

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