Anaplan
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Anaplan is a business planning software company headquartered in
San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...
, California. Anaplan sells subscriptions for cloud-based business-planning software and provides data for decision-making purposes. Anaplan's products are used by over 1,000 organizations globally. The company has been listed as a leader in
Gartner Gartner, Inc is a technological research and consulting firm based in Stamford, Connecticut that conducts research on technology and shares this research both through private consulting as well as executive programs and conferences. Its clients ...
's Magic Quadrant for Cloud Financial Planning & Analysis Solutions in 2017, 2018, 2019 and 2020.


History

In 2006, Anaplan was founded by Guy Haddleton, Sue Haddleton, and Michael Gould in Yorkshire, England. In 2012 Anaplan brought on Frederic Laluyaux as CEO. Laluyaux eventually left the company 4 years later in April 2016. A year after Laluyaux became CEO, Anaplan acquired its reseller ''Vue Analytics'' in U.K. for an undisclosed amount.


Recent history

In May 2014, Anaplan introduced its marketplace, Anaplan Hub. Using the marketplace, customers can share and find pre-designed planning models. After multiple rounds of funding, to assist with going public, the company hired James Budge as its Chief Financial Officer. As of 2016, Anaplan had over 480 customers in 20 countries. In January 2017 Anaplan appointed Frank A. Calderoni as CEO. Calderoni took the company public on October 12, 2018, with Anaplan being listed on the NYSE under the ticker symbol PLAN. In August 2019, Anaplan announced plans to acquire Mintigo, an Israeli-founded predictive marketing and sales analytics company. In November, the company was named to
Deloitte Technology Fast 500 The Deloitte Technology Fast 500 Awards are run and moderated by international professional services group Deloitte Touche Tohmatsu Limited. They recognize the 500 fastest-growing technology companies in regions around the world. Winners include ...
. In March 2022, the private equity firm
Thoma Bravo Thoma Bravo, LP, is an American private equity and growth capital firm with offices in San Francisco, Chicago and Miami. It is known for being particularly active in acquiring software companies and has over $114 billion in assets under manage ...
announced a definitive agreement to purchase Anaplan for $10.7 billion. The deal closed in June 2022. 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.


Funding

Anaplan raised its first venture capital funding within a year of its first sales in 2010. In 2012, the company raised $11.4 million in Series B financing from investors that included
Granite Ventures Granite Ventures is a venture capital firm with offices in San Francisco, California. Granite's predecessor H&Q Venture Associates, founded in 1992, was the venture capital investment arm of Hambrecht & Quist, a leading technology oriented inve ...
and
Shasta Ventures Shasta Ventures is an early-stage venture capital investment firm located in Silicon Valley that invests in enterprise and technology consumer startups. It is located on Sand Hill Road in Menlo Park. Funds Shasta's second fund of US$250 milli ...
. Then, In 2014, the company’s Series D funding raised $100 million from new and existing investors including DFJ Growth, Workday, and Shasta Ventures. In 2016, Anaplan raised $90 million and became the second UK-founded company to achieve a $1 billion valuation. Premji Invest led the fundraising, and was joined by
Baillie Gifford Baillie Gifford is an investment management firm which is wholly owned by partners, all of whom work within the firm. It was founded in Edinburgh, Scotland, in 1908 and still has its headquarters in the city. It has corporate offices in New York ...
,
Founders Circle Capital Founders Circle Capital is a growth capital firm based in the San Francisco Bay Area. Founders Circle Capital invests in private companies and specializes in growth stage investments providing preferred stock and common stock (sometimes referred t ...
, Harmony Partners, and Anaplan's then-current investors. As of January 2016, Anaplan had raised a total of $240 million in five funding rounds.


Technology

Anaplan's Hyperblock technology is a patented in-memory database and calculation engine for business planning. In November 2014, Anaplan announced the launch of the Anaplan App Hub for business planning applications.


References


External links

* {{Authority control Organizational performance management Business intelligence companies Business planning Financial services companies based in California Companies formerly listed on the New York Stock Exchange 2018 initial public offerings Software companies based in the San Francisco Bay Area Software companies established in 2006 2006 establishments in England 2022 mergers and acquisitions Private equity portfolio companies