Welcome!

News Feed Item

Adaptive Insights Announces Ron Codd, Former CFO of PeopleSoft and Board Member of Many Successful Public Companies, as New Investor and Senior Advisor

PALO ALTO, CA -- (Marketwired) -- 05/07/14 -- Adaptive Insights, the worldwide leader in cloud-based business and financial analytics solutions for companies and nonprofits of all sizes, today announced that Ron Codd, former CFO of PeopleSoft, has joined the company as a new investor and Senior Advisor.

Ron currently serves on the board of directors of some of the hottest IPOs in recent years, including Adaptive Insights customers FireEye and Rocket Fuel as well as Veeva Systems and ServiceNow. He previously served on the boards of DROBO, SeaMicro, DemandTec, Interwoven, and Agile Software. His extensive IPO experience, as well as his senior financial management track record leading enterprise technology companies, including PeopleSoft, MIPS Technologies, Wyse Technology, and Tandem Computers, will be highly beneficial as he advises Adaptive Insights' colleagues and customers on the best practices for corporate performance management for successful high-growth enterprise companies.

Ron joins other Adaptive investors and advisors who share his high-profile finance background, including Jeff Epstein, former CFO of Oracle, who also recently joined Adaptive Insights as an investor and Senior Advisor. Increasingly, more notable, forward thinking CFO's are embracing technology innovation in the cloud to improve business practices and decision making. Solutions from cloud-based leader Adaptive Insights have become the industry standard, compared to unreliable, error-prone Excel spreadsheets on the low end or costly, cumbersome, IT-intensive legacy on-premise software in the enterprise.

The announcement of Ron Codd as an investor and Senior Advisor extends the exceptional momentum of Adaptive as it continues on its strong growth trajectory. The company recorded 96 percent year over year growth in new software bookings in the first quarter of 2014. Adaptive Insights' product innovations and experienced leadership team are dominating the fast-growing cloud BI and CPM markets, which combined represent a $30+ billion addressable market. The company's leadership position in the industry is validated by consistently ranking as #1 in customer satisfaction and user experience in independent analyst reports, along with more than 2,000 customers in over 85 countries that have successfully implemented solutions from the Adaptive Suite. The company has raised $100 million in funding from premier global venture capital firms.

"We're thrilled to be engaging with Ron Codd as an advisor and investor in Adaptive. He is a long time director and CFO of some of the most recognizable and successful software companies in history, many of which had highly successful exits," said John Herr, CEO of Adaptive Insights. "Most of Ron's board assignments are with top growth companies that run on Adaptive, as are most of the new tech IPO's today. We look forward to continuing to leverage Ron's expertise to build out our thought leadership and customer opportunities with successful high-growth companies and enterprises."

Ron Codd has worked as a corporate director and an independent business consultant since 2002. He served as President, Chief Executive Officer and director of Momentum Business Applications, Inc. from 1999 to 2002. He was also Senior Vice President of Finance and Administration as well as CFO of PeopleSoft, Inc. from 1991 to 1998.

"Adaptive Insights is a disruptive force that has captured a significant leadership position in the cloud business and financial analytics market," commented Codd. "Adaptive is very well positioned, with more than 2000 passionate and committed customers, an extensive and strong partner network, exceptionally high user experience ratings, and the most complete and integrated suite of any cloud CPM provider."

About Adaptive Insights

Adaptive Insights is the worldwide leader in cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. The company's software as a service (SaaS) platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Insights enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.

Adaptive Insights is used by over 2,000 customers worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. The company is the #1 fastest growing cloud business analytics and CPM software company on the Deloitte Technology Fast 500™ list, and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in over 85 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with worldwide partners including Armanino, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers Adaptive Insights as the NetSuite Financial Planning Module. Adaptive Insights is headquartered in Palo Alto, Calif. and is funded by Bessemer Venture Partners (BVP), Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.

Contact:
Adaptive Insights
Derek Kober
650-528-7500
[email protected]

Highwire PR for Adaptive Insights
Gina Giachetti
415-963-4174 x17
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discussed how a new approach is neces...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...