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
ADAPTIVE PLANNING GETS $45M Featured
Online 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.
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.