[Techtaffy Newsdesk]

Adaptive Planning,  a cloud-based corporate performance management (CPM) solutions company, has secured $22 million in new venture financing.  Norwest Venture Partners (NVP) led the round, with existing investors Cardinal Venture Capital, Clairmont Capital, Monitor Ventures, and ONSET Ventures also participating. Adaptive Planning will use the new capital to accelerate growth in sales and marketing, product development, and new channels and markets, says the company.

As part of the funding, Sergio Monsalve, partner at Norwest Venture Partners, will be joining Adaptive Planning’s board of directors.

Upload: 06-06-12