MOUNTAIN VIEW, Calif., January 25, 2007 -- Adaptive Planning, the leading provider of collaborative business performance management (BPM) applications, announced today that its performance management application has been named a finalist in the Best Financial Software Solution category of the 2007 CODiE Awards, which honor outstanding achievement and vision in the software industry. Winners will be announced at the CODiE Awards gala event in April.

Adaptive Planning provides BPM software that is optimized for the needs of mid-market companies. The software enables organizations to move beyond Excel spreadsheets and improve decision making by automating their budgeting, forecasting, and reporting processes. With on-demand, on-premises, and free open source options, Adaptive Planning delivers flexible choices and unprecedented value to thousands of companies worldwide.

“The SIIA CODiE Awards are a well-recognized and respected measure of the highest-quality and easiest-to-use software products available today. Adaptive Planning is honored that our solution ranks among the very best financial software alternatives,” said William A. Soward, chief executive officer of Adaptive Planning. “Adaptive Planning’s mission is to leverage two powerful new approaches to developing and delivering software—open source and software as a service—in order to provide low-cost, high-quality, quick-to-implement BPM solutions and world-class customer support. It’s gratifying that the CODiE Awards judges are affirming our philosophy.”

“The 2007 CODiE Finalists represent real winners, even at this stage of the contest,” said Ken Wasch, SIIA President. “Competition is fiercer than ever and that makes selection as a CODiE Finalist a major achievement. All the companies on this year’s list should feel justifiably proud of their recognition.”

The CODiE Awards are sponsored by the Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industry. Now in their 22nd year, CODiE Awards recognize superiority in the marketplace through a unique combination of journalist and peer review. This year over 1,200 products were nominated in over 70 categories.

Finalists in the CODiE Awards are determined after exhaustive evaluation by a judging panel made up of representatives from the software and information industry trade press, mainstream technology writers, analysts, consultants and subject matter experts. To determine CODiE Award winners, judging scores are combined on a 50/50 basis with votes from SIIA member companies, making the CODiE Awards the only peer-reviewed awards program of its kind.

To learn more about Adaptive Planning’s on-demand, on-premises, and open source performance management solutions, go to www.adaptiveplanning.com.

About Adaptive Planning

Adaptive Planning is the leading provider of collaborative business performance management (BPM) solutions. Adaptive Planning makes it easy for midsize companies and departments of larger corporations to move beyond spreadsheets and improve performance by automating their budgeting, forecasting, reporting and analysis. Adaptive Planning provides extraordinary flexibility and value, with on-demand and on-premises solutions, open source and commercial licensing terms, and pricing—including a free version of the product—that delivers a total cost of ownership that is a fraction of the cost of traditional BPM and business intelligence software. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.

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