Anaplan

Last updated
Anaplan, Inc.
Company type Private
(2018–2022)
Industry Enterprise Performance Management, Software Company
Founded2006;19 years ago (2006) in Yorkshire, England
Founder
  • Guy Haddleton
  • Sue Haddleton
  • Michael Gould
Headquarters Miami, Florida
Number of locations
13 countries
Area served
Worldwide
Key people
  • Charles Gottdiener (CEO)
  • Hemant Kapadia (CFO)
  • Adam Thier (CTO)
ProductsAnaplan Platform
RevenueIncrease2.svg US$592.2 million (2022) [1]
Owner Thoma Bravo
Number of employees
2,200+ (Jan 2022)
Website www.anaplan.com

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]

Contents

History

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]

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]

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

  1. ↑ "Anaplan, Inc. Annual Report for fiscal year ending January 31, 2022 (Form 10-K)". U.S. Securities and Exchange Commission. 23 March 2022.
  2. ↑ DeFrancesco, Robert. "Anaplan A Growing Threat As It Shakes Up Business Planning". Forbes. Retrieved 2019-10-18.
  3. ↑ Chin, Maureen Farrell and Kimberly (12 October 2018). "Anaplan Shares Surge 43% in Debut, Shrugging Off Market Turmoil". Wall Street Journal. Retrieved 2019-10-18.
  4. ↑ "FSN interviews Guy Haddleton, CEO Anaplan". fsn.co.uk. FSN Publishing Limited. 2011-03-14. Retrieved 2016-12-20.
  5. ↑ 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.
  6. ↑ "FSN ~ BI, BPM & CPM ~ FSN Interviews Frederic Laluyaux, CEO Anaplan". Archived from the original on 2013-11-06. Retrieved 2013-11-11.
  7. ↑ Nusca, Andrew. "Anaplan acquires reseller Vue Analytics; taps SAP Europe vet – ZDNet". ZDNet .
  8. 1 2 3 "Anaplan Rakes in $100M In Series D Funding And Announces Anaplan Hub". TechCrunch. 13 May 2014. Retrieved 2020-08-28.
  9. 1 2 Miller, Ron (2016-01-14). "With $90 Million In New Funding And Unicorn Status, Anaplan Looks Ahead to IPO". techcrunch.com. TechCrunch. Retrieved 2016-12-22.
  10. ↑ Henschen, Doug. "Anaplan scales platform, prepares for prediction, addresses CEO departure". ZDNet. Retrieved 2020-09-03.
  11. ↑ "Adieu Anaplan". 22 April 2018.
  12. ↑ "Anaplan hires CEO ahead of U.S. software firm's 2017 IPO". Reuters. 2017-01-10. Retrieved 2017-02-09.
  13. ↑ "Those who invested in Anaplan (NYSE:PLAN) three years ago are up 178%". NASDAQ.
  14. ↑ Research, Forrester. "Anaplan doubles down on predictive with Mintigo acquisition". ZDNet. Retrieved 2020-09-25.
  15. ↑ "Anaplan Ranked Among Fastest Growing Companies on Deloitte's 2019 Technology Fast 500™". Financial Post. 2019-11-07. Retrieved 2020-03-27.
  16. ↑ "Anaplan acquired by Thoma Bravo in $10.7bn deal". www.channelweb.co.uk. 2022-03-21. Retrieved 2022-03-21.
  17. ↑ "Thoma Bravo completes Anaplan acquisition". www.privateequitywire.co.uk. 2022-06-23. Retrieved 2022-06-23.
  18. ↑ "Thoma Bravo seizes on pay issue to lower Anaplan buyout price". Financial Times. 2022-06-12. Retrieved 2022-06-18.
  19. ↑ Hu, Krystal (2022-06-07). "Thoma Bravo's renegotiated deal has U.S. investors wondering who's next". Reuters. Retrieved 2022-06-18.
  20. ↑ "Has Anaplan started an acquisition spree". www.enterprisetimes.co.uk. 2022-12-22.
  21. ↑ "Software giant Anaplan begins layoffs after Thoma Bravo's $10.4B buyout deal". 2023-06-23. Retrieved 2023-06-27.
  22. ↑ "Michael Gould, From Anaplan". Financial Times. 23 June 2015. Retrieved 2020-10-02.
  23. ↑ "Anaplan Closes on $11.4M". pehub.com. PE Hub Network. 2012-01-19. Retrieved 2016-12-22.
  24. 1 2 3 "Anaplan becomes UK's latest tech unicorn". Financial Times. 14 January 2016. Retrieved 2020-10-08.
  25. ↑ Bateman, Kayleigh (2 August 2013). "Taylor Wimpey builds cloud forecasting process with Anaplan". ComputerWeekly.com. Retrieved 22 March 2022.
  26. ↑ Snider, Emma. "What is Anaplan ? - Definition from WhatIs.com". techtarget.com. Retrieved 22 March 2022.
  27. ↑ "Fidenda | Anaplan for Connected Planning EPM". Fidenda. Retrieved 22 March 2022.
  28. ↑ "Anaplan App Hub Wants To Bring Open-Source Sharing Ethos to Financial Planners". TechCrunch. Retrieved 22 March 2022.
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