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Anaplan
American software company From Wikipedia, the free encyclopedia
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Anaplan is a business planning software company headquartered in Miami, Florida. Anaplan sells subscriptions for cloud-based business-planning software and provides data for decision-making purposes.[2][3]
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History
Summarize
Perspective
In 2006, Anaplan was founded by Guy Haddleton, Sue Haddleton, and Michael Gould in Yorkshire, England.[4]
In 2012, Anaplan brought on Frederic Laluyaux as CEO.[5] Laluyaux eventually left the company four years later in April 2016.[6]
A year after Laluyaux became CEO, Anaplan acquired its reseller Vue Analytics in U.K. for an undisclosed amount.[7]
Recent history
In May 2014, Anaplan introduced its marketplace, Anaplan Hub.[8] Using the marketplace, customers can share and find pre-designed planning models.[8]
After multiple rounds of funding, to assist with going public, the company hired James Budge as its chief financial officer.[9] In 2016, Anaplan had over 480 customers in 20 countries.[9][10]
In April 2016 Anaplan acquired data analytics brand Chartcube.[11]
In January 2017 Anaplan appointed Frank A. Calderoni as CEO.[12] Calderoni took the company public on October 12, 2018, with Anaplan being listed on the NYSE under the ticker symbol PLAN.[13]
In August 2019, Anaplan announced plans to acquire Mintigo, an Israeli-founded predictive marketing and sales analytics company.[14] In November, the company was named to Deloitte Technology Fast 500.[15]
In March 2022, the private equity firm Thoma Bravo announced a definitive agreement to purchase Anaplan for $10.7 billion.[16] The deal closed in June 2022.[17] 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.[18][19]
Also in 2022, Anaplan announced the acquisition of the applications division from existing partner Vuealta.[20]
In June 2023, Anaplan began a round of major layoff, ranging from 119 to 500 employees.[21]
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Funding
Anaplan raised its first venture capital funding within a year of its first sales in 2010.[22] In 2012, the company raised $11.4 million in Series B financing from investors that included Granite Ventures and Shasta Ventures.[23]
Then, in 2014, the company’s Series D funding raised $100 million from new and existing investors including DFJ Growth, Workday, and Shasta Ventures.[8] In 2016, Anaplan raised $90 million and became the second UK-founded company to achieve a $1 billion valuation.[24]
Premji Invest led the fundraising, and was joined by Baillie Gifford, Founders Circle Capital, Harmony Partners, and Anaplan's then-current investors.[24] As of January 2016, Anaplan had raised a total of $240 million in five funding rounds.[24]
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Technology
Anaplan's Hyperblock technology is a patented in-memory database and calculation engine for business planning.[25][26][27]
In November 2014, Anaplan announced the launch of the Anaplan App Hub for business planning applications.[28]
References
External links
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