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ADAPTIVE TOPS $100 MILLION Featured

Thomas Bogas, Adaptive PlanningAdaptive Insights says it has passed $100 million in revenue for the trailing 12 months. It also says it has $100 million in annual recurring subscriptions under contract.

Typically, $100 million in annual revenue is the threshold for going public, except that in this market, no one seems to go public anymore. We are waiting for Avalara and Bill.com. Intacct opted to be acquired instead of making the IPO plunge itself and everyone else seems to get purchased by a private equity firm. The Palo Alto, Calif.-based company is headed by CEO Tom Bogan, who noted the demand for company-wide planning software at all sizes of businesses and expansion to serve large enterprises, along with increasing the number of companies using its cloud planning software outside of finance.

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