Anaplan

Last updated
Anaplan, Inc.
Type Private
(2018–2022)
Industry Enterprise Performance Management, Software Company
Founded2006;17 years ago (2006) in Yorkshire, England
Founder
  • Guy Haddleton
  • Sue Haddleton
  • Michael Gould
Headquarters San Francisco, California
Number of locations
13 countries
Area served
Worldwide
Key people
  • Charles Gottdiener (CEO)
  • Hemant Kapadia (CFO)
  • Fares Alraie (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 San Francisco, California. Anaplan sells subscriptions for cloud-based business-planning software and provides data for decision-making purposes. [2] [3]

Contents

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]

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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. ↑ "Twelve Consulting scoops Anaplan's Partner Award for the Americas". www.consulting.us. 8 February 2019. Retrieved 22 March 2022.
  5. ↑ "Anaplan Recognized as a Leader in 2020 Gartner Magic Quadrant for Sales Performance Management". SalesTech Star. 24 February 2020. Retrieved 22 March 2022.
  6. ↑ "FSN interviews Guy Haddleton, CEO Anaplan". fsn.co.uk. FSN Publishing Limited. 2011-03-14. Retrieved 2016-12-20.
  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.
  8. ↑ "FSN ~ BI, BPM & CPM ~ FSN Interviews Frederic Laluyaux, CEO Anaplan". Archived from the original on 2013-11-06. Retrieved 2013-11-11.
  9. ↑ Nusca, Andrew. "Anaplan acquires reseller Vue Analytics; taps SAP Europe vet – ZDNet". ZDNet .
  10. 1 2 3 "Anaplan Rakes in $100M In Series D Funding And Announces Anaplan Hub". TechCrunch. 13 May 2014. Retrieved 2020-08-28.
  11. 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.
  12. ↑ Henschen, Doug. "Anaplan scales platform, prepares for prediction, addresses CEO departure". ZDNet. Retrieved 2020-09-03.
  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. Retrieved 2017-02-09.
  15. ↑ "Those who invested in Anaplan (NYSE:PLAN) three years ago are up 178%". NASDAQ.
  16. ↑ Research, Forrester. "Anaplan doubles down on predictive with Mintigo acquisition". ZDNet. Retrieved 2020-09-25.
  17. ↑ Releases, Business Wire News (2019-11-07). "Anaplan Ranked Among Fastest Growing Companies on Deloitte's 2019 Technology Fast 500™ | Financial Post" . Retrieved 2020-03-27.{{cite web}}: |first= has generic name (help)
  18. ↑ "Anaplan acquired by Thoma Bravo in $10.7bn deal". www.channelweb.co.uk. 2022-03-21. Retrieved 2022-03-21.
  19. ↑ "Thoma Bravo completes Anaplan acquisition". www.privateequitywire.co.uk. 2022-06-23. Retrieved 2022-06-23.
  20. ↑ "Thoma Bravo seizes on pay issue to lower Anaplan buyout price". Financial Times. 2022-06-12. Retrieved 2022-06-18.
  21. ↑ Hu, Krystal (2022-06-07). "Thoma Bravo's renegotiated deal has U.S. investors wondering who's next". Reuters. Retrieved 2022-06-18.
  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". 2023-06-23. Retrieved 2023-06-27.
  24. ↑ "Michael Gould, From Anaplan". Financial Times. 23 June 2015. Retrieved 2020-10-02.
  25. ↑ "Anaplan Closes on $11.4M". pehub.com. PE Hub Network. 2012-01-19. Retrieved 2016-12-22.
  26. 1 2 3 "Anaplan becomes UK's latest tech unicorn". Financial Times. 14 January 2016. Retrieved 2020-10-08.
  27. ↑ Bateman, Kayleigh (2 August 2013). "Taylor Wimpey builds cloud forecasting process with Anaplan". ComputerWeekly.com. Retrieved 22 March 2022.
  28. ↑ Snider, Emma. "What is Anaplan ? - Definition from WhatIs.com". techtarget.com. Retrieved 22 March 2022.
  29. ↑ "Fidenda | Anaplan for Connected Planning EPM". Fidenda. Retrieved 22 March 2022.
  30. ↑ "Anaplan App Hub Wants To Bring Open-Source Sharing Ethos to Financial Planners". TechCrunch. Retrieved 22 March 2022.
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