MOUNTAIN VIEW, CA--(Marketwire - Sep 10, 2012) - Adaptive Planning today announced it is redefining the way business users consume and analyze information with the acquisition of privately-held myDIALS, the leading provider of cloud-based data visualization solutions. With this acquisition, Adaptive Planning broadens the reach of its award-winning solutions beyond corporate performance management (CPM) to deliver cloud-based visualization and business intelligence (BI) capabilities to business users in organizations of all sizes. Now all employees can access, analyze, and explore key data from across the company, allowing them to quickly and easily visualize performance, gain new insights, and take action on the key drivers of business success.
"Data visualization is the fastest-growing segment in business intelligence today," said John Herr, CEO at Adaptive Planning. "At the same time, cloud computing is the most important trend in enterprise software. By acquiring myDIALS, the leading cloud data visualization solution, we are harnessing two incredibly powerful forces that strengthen our cloud CPM leadership and allow us to move rapidly into the broader BI market. What's more, myDIALS is among the top rated BI vendors in customer service according to Gartner, which meshes well with Adaptive Planning's consistent #1 in customer satisfaction ratings among CPM vendors by other industry analysts."
Business intelligence solutions represent a large and fast growing market as companies and organizations look to leverage data and analytics to drive increased competitiveness. BI, analytics and performance management software is the second-fastest growing sector in the overall enterprise software market, and analytics and BI was the top technology priority for CIOs in 2012 according to Gartner. The data visualization and discovery segment -- which is characterized by highly-visual, rapidly-deployable solutions designed for business users -- is growing particularly quickly, at three times the rate of the overall BI market.
To address this sizzling market, myDIALS' cloud-based visual discovery and analytics solution is revitalizing the way business users in companies of all sizes access and consume BI, allowing decision makers to quickly and easily understand the true stories behind the potentially overwhelming amounts of data created in enterprise systems. Featuring a highly-intuitive user interface, interactive drill-down, automated alerts, sophisticated analytics, real-time what-if scenarios, mobile access, and robust data capture and aggregation, myDIALS centralizes and presents key performance indicators and business metrics in real-time, as the metrics change, across disparate enterprise systems and functional areas throughout a company.
"We are delighted to be joining the Adaptive Planning team," said Peter Long, CTO at myDIALS. "By combining forces with the clear leader in cloud-based performance management, we will be able to develop deeper, richer data visualization and BI capabilities for a broader set of customers worldwide."
"With the myDIALS solution, we are broadening the value that we and our global partners provide to our base of over 1,300 existing customers and new clients," continued Herr. "Going forward, we will introduce additional solutions that support our goal of helping business users companywide better understand and manage their functions and businesses, so they can drive increased competitiveness and success for their companies."
In Gartner's report "Survey Analysis: Customers Rate Their BI Platform Vendors, 2012" myDIALS was one of the top-ranked vendors in terms of overall customer satisfaction, product experience, overall BI success, and business benefits achieved.
The acquisition of myDIALS comes on the heels of Adaptive Planning's newly announced product, Adaptive Discovery, a visual discovery application within the Adaptive Planning suite of corporate performance management solutions that integrates myDIALS technology.
As part of the deal, myDIALS employees in the US and Australia will join Adaptive Planning. Adaptive Planning will continue to support existing myDIALS customers and partners, and will invest in combining the two companies' technologies to deliver innovative cloud-based CPM, data visualization, and BI solutions going forward.
myDIALS is the leading provider of cloud-based data discovery solutions, with tools for easy visualization and analysis of performance metrics. With quick personalization and advanced, easy to use analytics, myDIALS enables all users to view, filter, interact with and apply analytics to data to make more informed decisions, more quickly.
myDIALS features rapid, automated deployment, dynamically integrates with virtually any data source for immediate data updates and availability, and delivers unparalleled interactivity, knowledge sharing and predictive analytics to support cost-effective continuous improvement. Thousands of users across numerous industries rely on myDIALS to improve operational performance and business results through better decision making.
About Adaptive Planning
Adaptive Planning is the worldwide leader in cloud-based corporate performance management (CPM) 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 -- on a continuous basis, using business data from across the organization. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Planning enables finance, sales, HR, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.
Adaptive Planning is used by over 1,300 organizations 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 8th fastest growing company in Silicon Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction in independent industry surveys. The company has the strongest channel ecosystem in the cloud CPM space, with over 200 worldwide partners including Armanino McKenna, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Planning as the NetSuite Financial Planning module. Adaptive Planning is headquartered in Mountain View, Calif. and is funded by Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.