Anaplan achieves $100M+ revenue run-rate in first half 2016 and reaches cash flow break-even
Date: Tue, 09/27/2016 - 13:45
Bethanie Maples Krogstad, Senior Director Corporate Marketing, Anaplan, at NetEvents 2016 Global Press & Analyst Summit, Silicon Valley, CA
PHOTO / telecomkh.com
Anaplan, the leading planning and performance management platform, announced that it has surpassed $100 million revenue run-rate and reached cash flow break-even for the first time in the company’s history since going to market four years ago. Revenue grew over 80% year-over-year, driven by new customer wins across more than 20 countries, which increased Anaplan’s global user base to 100,000. The company also reached cash flow break-even a year ahead of schedule, even as it grew its global workforce by 35% year-over-year to 600, and opened new offices in London and Hong Kong.
“The first half of 2016 has been a time of record-breaking sales results that demonstrated the impressive fundamentals of Anaplan’s business, along with increasing global demand for our planning and performance management platform,” said James Budge, Anaplan CFO and Co-President. “In addition to attracting new Global 2000 clients, we also achieved industry-high retention rates.”
From supply-and-demand balancing to financial planning and human resources modeling, Anaplan’s platform is being used by a rapidly growing number of Global 2000 companies, including: Coty, Inc., Del Monte, Gatwick Airport, Lamoda Group, Louis Vuitton, and Morgan Stanley.
“Financial planning and analysis is always at the center of attention, particularly in large organizations like ours,” said Luke Beben, CFO at Lamoda Group. “The fashion industry is very dynamic, so we were looking for a platform that could keep up with our pace and allow our business to be fully in charge of the planning processes. We chose Anaplan for its ability to deliver a single real-time, cloud-based environment for planning and optimizing anticipated business performance.”
Other 2016 highlights include:
• Anaplan’s San Francisco Hub16 conference attracted more than 1,300 technology innovators, analysts, business executives, and Anaplan partners from Deloitte, Kellogg Company, P&G, Tyco International, and United Airlines.
• Mary Meeker named Anaplan as a pioneer of “Organization-Wide Analytics,” one of 2016’s key enterprise trends featured in her annual Internet Trends Report.
• Gartner named Anaplan a Visionary in the Strategic Corporate Performance Management Magic Quadrant1 and a Challenger in the Sales Performance Management Magic Quadrant2.
• Forrester named Anaplan as a Breakout Vendor in SaaS business applications3.
• Singapore CIOs voted Anaplan as the best-in-class integrated business planning platform.
• Morgan Stanley presented Anaplan with the 2016 Award for Tech Innovation.
“The enterprise SaaS software market continues to grow at breakneck speeds for software solutions that are easy to use and grow over time to meet their customers’ requirements. In the enterprise planning and performance market, customers seek solutions that are both easy to use and reliable in terms of delivering accurate planning models across all aspects of their organization. This capability is core to every business function, not just finance,” commented R “Ray” Wang, principal analyst and CEO of Constellation Research.