Jeff Epstein, Bessemer Venture PartnersOnline budgeting software company Adaptive Planning has raised another $45 million in funding. The Mountain View, Calif.-based company says that new investors include Salesforce.com and former Oracle CFO Jeff Epstein, who has been named as a senior advisor to the company.

The funds will be used to increase Adaptive Planning's reach into new markets, increase product development and expand sales planning and analysis capabilities. The amount matches the $45 million announced in May this year. That round was led by Bessemer Venture Partners with a group of existing investors, Onset Ventures, Norwest Venture Partners, RBC Venture Partners, Cardinal Venture Capital, and Monitor Ventures also participating.

Last modified on Friday, 01 November 2013
Read 4013 times
Rate this item
(0 votes)
Bob Scott

Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline