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Anaplan

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]

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]

External links

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. Robert DeFrancesco. Anaplan A Growing Threat As It Shakes Up Business Planning Forbes, retrieved 2019-10-18^
  3. Maureen Farrell. Anaplan Shares Surge 43% in Debut, Shrugging Off Market Turmoil Wall Street Journal, 12 October 2018, 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. Zoran Basich. The Daily Start-Up: Aerohive Buzzes With $22.5M Led by IVP Amid Sweet Mobile Connectivity Demand Wall Street Journal, 12 September 2012^
  6. FSN ~ BI, BPM & CPM ~ FSN Interviews Frederic Laluyaux, CEO Anaplan retrieved 2013-11-11^
  7. Andrew Nusca. Anaplan acquires reseller Vue Analytics; taps SAP Europe vet – ZDNet ZDNet^
  8. Anaplan Rakes in $100M In Series D Funding And Announces Anaplan Hub TechCrunch, 13 May 2014, retrieved 2020-08-28^
  9. Ron Miller. With $90 Million In New Funding And Unicorn Status, Anaplan Looks Ahead to IPO techcrunch.com, TechCrunch, 2016-01-14, retrieved 2016-12-22^
  10. Doug Henschen. 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. Forrester Research. 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. Krystal Hu. Thoma Bravo's renegotiated deal has U.S. investors wondering who's next Reuters, 2022-06-07, 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. Anaplan becomes UK's latest tech unicorn Financial Times, 14 January 2016, retrieved 2020-10-08^
  25. Kayleigh Bateman. Taylor Wimpey builds cloud forecasting process with Anaplan ComputerWeekly.com, 2 August 2013, retrieved 22 March 2022^
  26. Emma Snider. What is Anaplan ? - Definition from WhatIs.com techtarget.com, retrieved 22 March 2022^
  27. Fidenda Fidenda, retrieved 22 March 2022^
  28. Anaplan App Hub Wants To Bring Open-Source Sharing Ethos to Financial Planners TechCrunch, retrieved 22 March 2022^