OREANDA-NEWS. Adaptive Insights, the worldwide leader in cloud corporate performance management (CPM) and business intelligence (BI) for the biggest brands and the hottest companies, today announced the appointment of Thomas F. Bogan as Chief Executive Officer. This appointment comes at the close of a banner year for Adaptive. Bogan's deep experience scaling high-growth enterprise software companies is the perfect complement to fuel Adaptive's next phase of expansion and innovation.

Bogan joins the company with a 25-year track record of success in building and growing large enterprise and cloud software companies. As President and COO of Rational Software, Bogan grew the business to \$750 million in revenue prior to its acquisition by IBM. As investor, mentor and board member, he has also helped to scale high-velocity cloud software companies such as Rally Software (RALY), Apptio, and Acquia. Bogan currently serves as Chairman of the Board of Citrix Systems (CTXS), a \$3 billion software company that includes a \$600 million SaaS applications division. A former partner with venture capital firm Greylock Partners, Bogan is also a successful investor and former CFO.

"I couldn't be happier to be joining Adaptive," said Bogan. "Adaptive had the vision to bet early on that the CPM landscape could be reshaped by a cloud-based solution, providing new opportunities both to Excel users and companies that still relied on legacy on-premises solutions. That bet is paying off, as finance and management teams everywhere now rely on Adaptive to make faster, better-informed decisions. It's exciting to see how Adaptive is revolutionizing the way businesses are managed on a global scale."

He added, "I look forward to working together with the team to build an enduring company -- one that is ultimately measured by both revenue and relevance. There are only a handful of highly-successful software companies that have this opportunity, and I believe Adaptive is poised to become one of them."

"By hiring a former CFO, and veteran leader of Tom's caliber, we are fortunate to have a CEO who intuitively understands our customers, appreciates the value of a partner ecosystem, and is known for developing great employee teams," shared Rob Hull, Founder and Chairman of Adaptive Insights. "As we ready for the next stage of growth, I'm confident that Tom will guide Adaptive to punch through any growth and scaling obstacles to keep us on the fast track of success and value creation."

Bogan's arrival comes on the heels of a record 2014 for Adaptive, with:

·      2,500 active customers, 4x greater than the rest of the cloud CPM competitors combined;

·      100%+ revenue renewal rate including upsells, along with a #1 rating in customer satisfaction by numerous analyst firms; and

·      More than 50% YoY bookings growth