Adaptive Insights is the only cloud-only vendor in the leaders section of the SCPM Magic Quadrant
Adaptive Insights, the leader in cloud corporate performance management (CPM), today announced that Gartner, Inc. has positioned it as a Leader in its 2016 Magic Quadrant for Strategic Corporate Performance Management Solutions* report. This is the first year that Adaptive Insights has appeared in the Leaders Quadrant of a Gartner Strategic CPM report and marks the first time a cloud-only vendor is in the leaders section of the Strategic CPM Magic Quadrant.
Over the past 12 months, Adaptive Insights has both rapidly expanded its customer base and made significant enhancements to its product offerings. The company’s Adaptive Suite is now used by more than 3,000 companies in over 85 countries around the world.
“We believe Adaptive Insights advanced to the Leaders quadrant based on continuous traction with midmarket and enterprise customers, high marks in customer satisfaction, strong execution, and cloud experience,” said Tom Bogan, CEO, Adaptive Insights. “This is a defining moment for both our company and the industry, as we feel it validates and highlights the profound value that cloud-based solutions are delivering to the office of finance.”
The 2016 Magic Quadrant for Strategic Corporate Performance Management Solutions report evaluated 16 different software vendors on the following weighted criteria: market share, new license and subscription revenue, product strategy, customer satisfaction, and market understanding.
The Gartner report states, “SCPM solutions support the office of finance's budgeting, planning and forecasting efforts. They also provide profitability modeling and strategy management capabilities. Ultimately, these solutions help CFOs and other business leaders orchestrate organisational performance and manage strategy in a more controlled and transparent manner.”
* “Gartner, Magic Quadrant for Strategic Corporate Performance Management Solutions,” by Christopher Iervolino and John E. Van Decker, May 31, 2016.