MOUNTAIN VIEW, Calif., October 4, 2006 -- Adaptive Planning, the leader in collaborative business performance management (BPM) solutions and the world’s first open source BPM provider, today announced that its open source application, Adaptive Planning Express Edition, has quickly generated significant interest and activity at SourceForge, climbing to a leading position in key SourceForge categories. Launched less than two months ago, the application has already generated over 2,000 downloads from 47 countries, becoming one of the highest-ranked projects in multiple SourceForge categories. Adaptive Planning Express Edition is the top-ranked project in the Spreadsheets category, and is among the top 5 projects in OLAP, top 20 in Accounting, and top 40 in both Finance and Enterprise.

“We are extremely pleased with the community’s initial response to Adaptive Planning’s open source application,” said William A. Soward, chief executive officer, Adaptive Planning. “This interest demonstrates the maturation of the space, as companies leverage open source not only for infrastructure projects, but also for business solutions. These results also confirm Adaptive Planning’s position as one of the pre-eminent companies developing and distributing open source enterprise applications.”

“The availability of open source business intelligence and BPM solutions has the potential to transform the market,” said Craig Schiff, chief executive officer, BPM Partners. “Low cost open source alternatives can provide new value for businesses—especially those midsized companies that have been underserved and still rely upon spreadsheets for BPM. We are impressed with Adaptive Planning’s traction, and look forward to continued innovation within the market.”

Adaptive Planning Express Edition delivers a full set of capabilities for collaborative budgeting, reporting and analysis. Designed for business users in Finance and other departments, the application provides a simple, “one-click” approach to download and installation. It can be 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 www.SourceForge.net/projects/Adaptiveplan.

In addition to the open source Express Edition, Adaptive Planning also offers two commercial solutions: Corporate Edition and Enterprise Edition. These editions, which provide broader feature sets for budgeting, forecasting, reporting and analysis, as well as enhanced support and indemnification, can be deployed both on-demand and on-premises. They are available 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 to automate 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 deliver 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 www.adaptiveplanning.com.