TechTaffy

tech:

taffy

Adaptive Planning Secures $22 Million In Venture Financing

By TechTaffy Desk

[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

Just in

Around the web

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.
Industry

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon. 
Industry

Former VMware COO Mike Hayes joins Mirantis board

Mirantis, a company that provides open source software for infrastructure control, has appointed Mike Hayes to its board.
Industry

Boston Dynamics unveils fully-electric Atlas robot

Boston Dynamics is retiring its hydraulic Atlas robot and introducing a fully electric version of its humanoid robots. 
Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.