Adaptive, which market cloud-based budgeting and analytical software, will seek a maximum of $100 million in proceeds which will be used for a broad range of operating purposes, repaying debt and perhaps acquiring businesses, products, services or technologies. The company is led by CEO Thomas F. Bogan, whose 10,050,000 shares represent 6.6 percent of stock outstanding. Adaptive lost $42.7 million for the year ended January 31, narrower than the $44.7 million in red ink for fiscal 2017. Revenue hit $106.5 million in the year just ended, up 30.2 percent from $81.8 million a year earlier. Most of Adaptive’s revenue comes from subscriptions. There was $93.9 million in revenue from that source for fiscal 2018, a 34.7-percent rise from slightly less than $70 million the prior year. The prospectus says there were more than 3,800 customers in more than 50 customers on April 30.