Company:Anaplan

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Short description: American software company
Anaplan, Inc.
TypePrivate
(2018–2022)
IndustryEnterprise Performance Management, Software Company
Founded2006; 18 years ago (2006) in Yorkshire, England
Founder
  • Guy Haddleton
  • Sue Haddleton
  • Michael Gould
HeadquartersSan Francisco, California
Number of locations
13 countries
Area served
Worldwide
Key people
  • Charles Gottdiener (CEO)
  • Hemant Kapadia (CFO)
  • Fares Alraie (CTO)
ProductsAnaplan Platform
RevenueIncrease US$592.2 million (2022)[1]
OwnerThoma Bravo
Number of employees
2,200+ (Jan 2022)
Websitewww.anaplan.com

Anaplan is a business planning software company headquartered in San Francisco , California . Anaplan sells subscriptions for cloud-based business-planning software and provides data for decision-making purposes.[2][3]

Anaplan's products are used by over 1,000 organizations globally.[4]

The company has been listed as a leader in Gartner's Magic Quadrant for Cloud Financial Planning & Analysis Solutions in 2017, 2018, 2019 and 2020.[5]

History

In 2006, Anaplan was founded by Guy Haddleton, Sue Haddleton, and Michael Gould in Yorkshire, England.[6]

In 2012, Anaplan brought on Frederic Laluyaux as CEO.[7] Laluyaux eventually left the company four years later in April 2016.[8]

A year after Laluyaux became CEO, Anaplan acquired its reseller Vue Analytics in U.K. for an undisclosed amount.[9]

Recent history

In May 2014, Anaplan introduced its marketplace, Anaplan Hub.[10] Using the marketplace, customers can share and find pre-designed planning models.[10]

After multiple rounds of funding, to assist with going public, the company hired James Budge as its chief financial officer.[11] In 2016, Anaplan had over 480 customers in 20 countries.[11][12]

In April 2016 Anaplan acquired data analytics brand Chartcube.[13]

In January 2017 Anaplan appointed Frank A. Calderoni as CEO.[14] Calderoni took the company public on October 12, 2018, with Anaplan being listed on the NYSE under the ticker symbol PLAN.[15]

In August 2019, Anaplan announced plans to acquire Mintigo, an Israeli-founded predictive marketing and sales analytics company.[16] In November, the company was named to Deloitte Technology Fast 500.[17]

In March 2022, the private equity firm Thoma Bravo announced a definitive agreement to purchase Anaplan for $10.7 billion.[18] The deal closed in June 2022.[19] Thoma Bravo renegotiated the deal to $10.4 billion, stating that Anaplan had breached the merger agreement by overpaying new workers, although commentators linked the renegotiation to the broader market downturn.[20][21]

Also in 2022, Anaplan announced the acquisition of the applications division from existing partner Vuealta.[22]

In June 2023, Anaplan began a round of major layoff, ranging from 119 to 500 employees.[23]

Funding

Anaplan raised its first venture capital funding within a year of its first sales in 2010.[24] In 2012, the company raised $11.4 million in Series B financing from investors that included Granite Ventures and Shasta Ventures.[25]

Then, in 2014, the company’s Series D funding raised $100 million from new and existing investors including DFJ Growth, Workday, and Shasta Ventures.[10] In 2016, Anaplan raised $90 million and became the second UK-founded company to achieve a $1 billion valuation.[26]

Premji Invest led the fundraising, and was joined by Baillie Gifford, Founders Circle Capital, Harmony Partners, and Anaplan's then-current investors.[26] As of January 2016, Anaplan had raised a total of $240 million in five funding rounds.[26]

Technology

Anaplan's Hyperblock technology is a patented in-memory database and calculation engine for business planning.[27][28][29]

In November 2014, Anaplan announced the launch of the Anaplan App Hub for business planning applications.[30]

References

  1. ↑ "Anaplan, Inc. Annual Report for fiscal year ending January 31, 2022 (Form 10-K)". U.S. Securities and Exchange Commission. 23 March 2022. https://www.sec.gov/ix?doc=/Archives/edgar/data/1540755/000154075522000018/plan-20220131.htm. 
  2. ↑ DeFrancesco, Robert. "Anaplan A Growing Threat As It Shakes Up Business Planning" (in en). https://www.forbes.com/sites/robertdefrancesco/2019/03/13/anaplan-a-growing-threat-as-it-shakes-up-business-planning/. 
  3. ↑ Chin, Maureen Farrell and Kimberly (12 October 2018). "Anaplan Shares Surge 43% in Debut, Shrugging Off Market Turmoil" (in en-US). Wall Street Journal. https://www.wsj.com/articles/anaplan-shares-surge-43-in-debut-shrugging-off-market-turmoil-1539380149. 
  4. ↑ "Twelve Consulting scoops Anaplan's Partner Award for the Americas" (in en). 8 February 2019. https://www.consulting.us/news/1729/twelve-consulting-scoops-anaplans-partner-award-for-the-americas. 
  5. ↑ "Anaplan Recognized as a Leader in 2020 Gartner Magic Quadrant for Sales Performance Management". SalesTech Star. 24 February 2020. https://salestechstar.com/sales-engagement/anaplan-recognized-as-a-leader-in-2020-gartner-magic-quadrant-for-sales-performance-management/. 
  6. ↑ "FSN interviews Guy Haddleton, CEO Anaplan". FSN Publishing Limited. 2011-03-14. http://www.fsn.co.uk/channel_bi_bpm_cpm/fsn_interviews_guy_haddleton_ceo_anaplan. 
  7. ↑ Basich, Zoran (12 September 2012). "The Daily Start-Up: Aerohive Buzzes With $22.5M Led by IVP Amid Sweet Mobile Connectivity Demand". Wall Street Journal. https://blogs.wsj.com/venturecapital/2012/09/12/the-daily-start-up-aerohive-buzzes-with-22-5m-led-by-ivp-amid-sweet-mobile-connectivity-demand/#. 
  8. ↑ "FSN ~ BI, BPM & CPM ~ FSN Interviews Frederic Laluyaux, CEO Anaplan". http://www.fsn.co.uk/channel_bi_bpm_cpm/fsn_interviews_frederic_laluyaux_ceo_anaplan#.UmrbI5TzZra. 
  9. ↑ Nusca, Andrew. "Anaplan acquires reseller Vue Analytics; taps SAP Europe vet – ZDNet". http://www.zdnet.com/anaplan-acquires-reseller-vue-analytics-taps-sap-europe-vet-7000011501/. 
  10. ↑ 10.0 10.1 10.2 "Anaplan Rakes in $100M In Series D Funding And Announces Anaplan Hub" (in en-US). 13 May 2014. https://social.techcrunch.com/2014/05/13/anaplan-rakes-in-100m-in-series-d-funding-and-announces-anaplan-hub/. 
  11. ↑ 11.0 11.1 Miller, Ron (2016-01-14). "With $90 Million In New Funding And Unicorn Status, Anaplan Looks Ahead to IPO". TechCrunch. https://techcrunch.com/2016/01/14/with-another-90-million-of-funding-and-unicorn-status-anaplan-looks-ahead-to-ipo/. 
  12. ↑ Henschen, Doug. "Anaplan scales platform, prepares for prediction, addresses CEO departure" (in en). https://www.zdnet.com/article/anaplan-scales-platform-prepares-for-prediction-addresses-ceo-departure-at-hub-16/. 
  13. ↑ https://medium.com/@deepakalur/adieu-anaplan-186c5577d3c1
  14. ↑ "Anaplan hires CEO ahead of U.S. software firm's 2017 IPO". Reuters. 2017-01-10. https://www.reuters.com/article/us-anaplan-ceo-idUSKBN14U1IF. 
  15. ↑ "Those who invested in Anaplan (NYSE:PLAN) three years ago are up 178%". https://www.nasdaq.com/articles/those-who-invested-in-anaplan-nyse%3Aplan-three-years-ago-are-up-178-2021-10-28. 
  16. ↑ Research, Forrester. "Anaplan doubles down on predictive with Mintigo acquisition" (in en). https://www.zdnet.com/article/anaplan-doubles-down-on-predictive-with-mintigo-acquisition/. 
  17. ↑ Releases, Business Wire News (2019-11-07). "Anaplan Ranked Among Fastest Growing Companies on Deloitte's 2019 Technology Fast 500™ | Financial Post" (in en-CA). https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/anaplan-ranked-among-fastest-growing-companies-on-deloittes-2019-technology-fast-500. 
  18. ↑ "Anaplan acquired by Thoma Bravo in $10.7bn deal" (in en). 2022-03-21. https://www.channelweb.co.uk/news/4046926/anaplan-acquired-thoma-bravo-usd-7bn-deal. 
  19. ↑ "Thoma Bravo completes Anaplan acquisition" (in en). 2022-06-23. http://www.privateequitywire.co.uk/2022/06/23/315518/thoma-bravo-completes-anaplan-acquisition. 
  20. ↑ "Thoma Bravo seizes on pay issue to lower Anaplan buyout price" (in en). Financial Times. 2022-06-12. https://www.ft.com/content/117ebfdd-5d94-4cd0-9dc3-01de3c5c14c1. 
  21. ↑ Hu, Krystal (2022-06-07). "Thoma Bravo's renegotiated deal has U.S. investors wondering who's next" (in en). Reuters. https://www.reuters.com/markets/europe/thoma-bravos-renegotiated-deal-has-us-investors-wondering-whos-next-2022-06-07/. 
  22. ↑ https://www.enterprisetimes.co.uk/2022/12/22/has-anaplan-started-an-acquisition-spree/
  23. ↑ "Software giant Anaplan begins layoffs after Thoma Bravo's $10.4B buyout deal" (in en-US). 2023-06-23. https://nypost.com/2023/06/23/software-giant-anaplan-begins-layoffs-after-thoma-bravos-10-4b-buyout-deal/. 
  24. ↑ "Michael Gould, From Anaplan". Financial Times. 23 June 2015. https://www.ft.com/content/123a05c0-168c-11e5-8095-00144feabdc0. 
  25. ↑ "Anaplan Closes on $11.4M". PE Hub Network. 2012-01-19. https://www.pehub.com/2012/01/anaplan-closes-on-114m/. 
  26. ↑ 26.0 26.1 26.2 "Anaplan becomes UK's latest tech unicorn". Financial Times. 14 January 2016. https://www.ft.com/content/78d14b66-ba0d-11e5-bf7e-8a339b6f2164. 
  27. ↑ Bateman, Kayleigh (2 August 2013). "Taylor Wimpey builds cloud forecasting process with Anaplan" (in en). ComputerWeekly.com. https://www.computerweekly.com/news/2240203001/Taylor-Wimpey-builds-cloud-forecasting-process-with-Anaplan. 
  28. ↑ Snider, Emma. "What is Anaplan ? - Definition from WhatIs.com" (in en). techtarget.com. https://www.techtarget.com/searcherp/definition/Anaplan. 
  29. ↑ "Fidenda | Anaplan for Connected Planning EPM" (in en). https://www.fidenda.com/anaplan-connected-planning-epm. 
  30. ↑ "Anaplan App Hub Wants To Bring Open-Source Sharing Ethos to Financial Planners". TechCrunch. https://techcrunch.com/2014/11/12/anaplan-app-hub-wants-to-bring-open-source-sharing-ethos-to-financial-planners/. 

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