Adaptive Planning unveils first open source business performance management solution

Adaptive Planning Express Edition Embraces Principles of Open Source Distribution and Community to Deliver Unprecedented Value

MOUNTAIN VIEW, Calif., Aug. 15, 2006 -- Adaptive Planning, the leading provider of collaborative performance management applications, today introduced the industry's first open source business performance management (BPM) solution, Adaptive Planning Express Edition. By embracing the principles of open source distribution and community, Adaptive Planning continues to execute on its mission to deliver BPM solutions with unprecedented value to companies of all sizes. This ground-breaking new solution, which provides a full set of capabilities for collaborative budgeting, reporting and analysis, can be downloaded free of charge from .

"Organizations are looking for choices and visibility into the software they deploy, since the burden of license and maintenance fees, as well as long product release cycles, have frustrated the buying and usage experience," said Mark Smith, CEO & EVP Research at Ventana Research. "The open source model gives organizations greater visibility, and allows them to participate in a community and contribute to the maturing of the software that is being used. As our recent Open Source BI research found, there is a great demand for this new approach to BI and Business Performance Management."

Unprecedented Value

From its inception, Adaptive Planning has focused on providing customers high- value, collaborative solutions. The company's pioneering application -- available on-demand or on-premise -- delivers enterprise-class functionality at an affordable price point, and enables finance and business users to work together to improve budgeting, forecasting, reporting, and analysis. Now, by embracing the principles of open source distribution and community, Adaptive Planning further expands its ability to provide unprecedented value to BPM customers. The open source model gives customers:

-- More affordable solutions. Individuals and organizations can download and use Adaptive Planning Express Edition without incurring license fees.

-- Higher quality solutions. The open source community improves the solution in multiple ways, contributing to quality assurance and defining a product roadmap that meets the community's requirements. In addition, the availability of source code allows companies to more easily customize solutions to their specific needs, and enables partners and other community members to extend the solution by developing new templates, adapters, and other modules.

-- Enhanced support. The community delivers support beyond that provided by Adaptive Planning, via forums that allow users and partners to share recommendations and "how to" information. And, as with all open source projects, the availability of source code ensures that companies are not "locked-in" to a vendor over the long term.

-- Community-driven insight. Unique among BPM solutions, Adaptive Planning's community-driven approach allows companies to harness the collective intelligence of end-users -- both inside and outside a company. Inside a company, the solution enables all business users to easily access, modify, and share information to improve business decisions. In addition, users can tap into the broader community outside the company, obtaining third-party information and assumptions, discussing financial modeling and budgeting best practices, and gaining insights into how their company's KPIs and metrics compare with industry averages.

"With this release, we are positioned to capitalize on the two most powerful forces reshaping enterprise applications -- software as a service, and now, open source," said William A. Soward, chief executive officer, Adaptive Planning. "Most of all, we are proud to be leading a movement that delivers greater value and control to end-customers. Adaptive Planning is truly resetting the playing field in the BPM space, and customers will be the beneficiaries."

Product Details and Availability

Adaptive Planning Express Edition provides a full set of capabilities for collaborative budgeting, reporting and analysis. Features include an intuitive, spreadsheet-like user interface; standard sheets for planning expenses and revenues; a specialized personnel planning sheet; formula-based modeling; and management of organizational hierarchies and user access rights. It can be downloaded and installed for individual use, as well as configured to provide web-based support for departmental teams or entire companies.

Adaptive Planning Express Edition is available free of charge when downloaded from .

In addition to the Express Edition, Adaptive Planning also offers Corporate Edition and Enterprise Edition, which provide broader feature sets for budgeting, forecasting, reporting and analysis, as well as indemnification. The Corporate and Express editions, which also include source code access, are available under commercial licenses for an affordable annual subscription fee.

About Adaptive Planning

Adaptive Planning is the leading provider of collaborative performance management solutions. Adaptive Planning makes it easy for mid-size companies and departments of larger corporations to improve performance by moving beyond spreadsheets and automating budgeting, forecasting, reporting and analysis. Adaptive Planning provides extraordinary flexibility and value, with on-demand and on-premise 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, California and can be reached at 650-528-7500 or .

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