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ADAPTIVE PLANNING GETS $45M Featured

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.

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