|By Marketwired .||
|July 21, 2014 03:09 PM EDT||
PALO ALTO, CA--(Marketwired - July 21, 2014) - Adaptive Insights, the worldwide leader in cloud business analytics for the biggest brands and the hottest companies, today announced new leadership appointments including Founder Rob Hull to the role of Chairman and the transition of CEO John Herr to senior advisor for the company. Keith Nealon, Former President and GM of ShoreTel, joins the company as its new President and Chief Revenue Officer and Jim Kelliher, CFO of LogMeIn, joins as the new Audit Committee Chair and member of the board of directors.
The new executive leadership appointments build on Adaptive's exceptional momentum and growth. Adaptive recently announced the best quarterly performance in the company's eleven year history, with more than 100% year over year growth in new software bookings, larger deal sizes, and hundreds of new large enterprise and high-growth customers in the first half of 2014. Adaptive's customer base has grown to more than 2,200 active customers, representing five times more customers than any other cloud corporate performance management (CPM) company.
Nealon and Kelliher both bring extensive experience leading high-growth companies. Nealon most recently served as the President and General Manager of ShoreTel's cloud division (via its acquisition of M5 Networks) where he was responsible for growing revenue more than 100% in three years. Prior to ShoreTel, Nealon held several senior executive positions at companies including Conductor, Navisite and Eloqua, which grew to be one of the industry's most successful cloud companies during his tenure as Senior Vice President of Worldwide Sales. His expertise will bolster Adaptive's growth as he provides integrated management of the company's revenue functions including sales, channels, and services.
Kelliher currently serves as CFO of LogMeIn and the Audit Chair for Fleetmatics, both of which are Adaptive customers. He has also previously held financial leadership positions at IMlogic and Parametric Technology. His extensive executive financial management experience and track record of leading financial, legal and human resource activities for publicly-traded enterprise software companies will be highly valuable as he leads Adaptive Insights' Audit Committee and advises the company's financial reporting operations.
"I want to thank John for his many contributions to Adaptive's record results over the past several years. He's done a fantastic job positioning Adaptive for our next wave of growth and I'm excited to have him continue on as a senior advisor. I'm thrilled to welcome Keith and Jim as strategic additions to the Adaptive team as we achieve spectacular growth and momentum as a company. With exceptional cloud experience scaling both pre-IPO and publicly-traded companies, Keith will play an important role in driving our top-line growth and market leadership to the next level. I look forward to working closely with Keith in my role as Chairman," said Rob Hull, Founder and Chairman of Adaptive Insights. "We are also excited to bring Jim on board as Audit Committee Chair and a board member. As a finance veteran with deep expertise in managing rapidly growing public software companies, he is the ideal advisor for Adaptive at this stage of growth."
"I'm incredibly proud of what we've accomplished as a company over the last several years. It's been a pleasure to work closely with our customers, partners, and employees as we've rapidly expanded across the globe," said John Herr. "I'm more optimistic than ever about the future of Adaptive, and look forward to making ongoing contributions to the team and community as a senior advisor."
"Adaptive's exceptional growth is proof-positive to the fact that a company with a laser focus on customer success deeply embedded into the company culture, and recognized by industry experts like Gartner, will reap the rewards as prospects vote with their wallets. It is no accident that Adaptive has become the #1 player in corporate performance management," said Keith Nealon, President and Chief Revenue Officer for Adaptive Insights. "It's rare to have the opportunity to join a company that is not only the fastest growing in their space, but also #1 in customer satisfaction and product usability. I look forward to working with the broader executive team as Adaptive continues its phenomenal worldwide growth."
About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud 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 2,200 customers worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Siemens. The company is the #1 fastest growing cloud business analytics and CPM software company on the Deloitte Technology Fast 500™ list; ranks #1 in revenue and market share growth among Gartner Top 10 CPM providers; and is #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), Cardinal Venture Capital , Monitor Ventures, Norwest Venture Partners (NVP), ONSET Ventures, and Royal Bank of Canada (RBC).
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Feb. 22, 2017 10:45 PM EST Reads: 531
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 22, 2017 09:45 PM EST Reads: 6,648
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
Feb. 22, 2017 08:45 PM EST Reads: 1,813
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Feb. 22, 2017 08:45 PM EST Reads: 1,342
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Feb. 22, 2017 08:45 PM EST Reads: 1,260
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Feb. 22, 2017 07:45 PM EST Reads: 7,783
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Feb. 22, 2017 07:30 PM EST Reads: 1,170
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Feb. 22, 2017 06:30 PM EST Reads: 7,479
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
Feb. 22, 2017 06:15 PM EST Reads: 1,519
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Feb. 22, 2017 05:45 PM EST Reads: 1,378
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Feb. 22, 2017 04:45 PM EST Reads: 945
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Feb. 22, 2017 04:30 PM EST Reads: 1,080
In the first article of this three-part series on hybrid cloud security, we discussed the Shared Responsibility Model and examined how the most common attack strategies persist, are amplified, or are mitigated as assets move from data centers to the cloud. Today, we’ll look at some of the unique security challenges that are introduced by public cloud environments. While cloud computing delivers many operational, cost-saving and security benefits, it takes place in a public, shared and on-demand ...
Feb. 22, 2017 04:00 PM EST Reads: 1,501
In his session at @ThingsExpo, Sudarshan Krishnamurthi, a Senior Manager, Business Strategy, at Cisco Systems, will discuss how IT and operational technology (OT) work together, as opposed to being in separate siloes as once was traditional. Attendees will learn how to fully leverage the power of IoT in their organization by bringing the two sides together and bridging the communication gap. He will also look at what good leadership must entail in order to accomplish this, and how IT managers ca...
Feb. 22, 2017 03:45 PM EST Reads: 1,525
Feb. 22, 2017 03:00 PM EST Reads: 10,410