Anaplan

{{Infobox company

| name = Anaplan, Inc.

| logo = Anaplan logo.svg

| type = Private

| owner = Thoma Bravo

| traded_as = {{ubl|{{NYSE was|PLAN}}}} (2018–2022)

| industry = Enterprise Performance Management, Software Company

| num_locations = 13 countries

| area_served = Worldwide

| key_people = {{unbulleted list|Charles Gottdiener (CEO)| Hemant Kapadia (CFO)| Adam Thier (CTO)}}

| num_employees = 2,200+ (Jan 2022)

| revenue = {{nowrap|{{Increase}} {{US$|592.2 million|link=yes}} (2022)}}{{Cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1540755/000154075522000018/plan-20220131.htm|title = Anaplan, Inc. Annual Report for fiscal year ending January 31, 2022 (Form 10-K) |date=23 March 2022 |publisher=U.S. Securities and Exchange Commission}}

| products = Anaplan Platform

| founded = {{Start date and age|2006}} in Yorkshire, England

| founder = {{ubl|Guy Haddleton|Sue Haddleton|Michael Gould}}

| location = Miami, Florida

| homepage = {{URL|https://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.{{Cite web|url=https://www.forbes.com/sites/robertdefrancesco/2019/03/13/anaplan-a-growing-threat-as-it-shakes-up-business-planning/|title=Anaplan A Growing Threat As It Shakes Up Business Planning|last=DeFrancesco|first=Robert|website=Forbes|language=en|access-date=2019-10-18}}{{Cite news|url=https://www.wsj.com/articles/anaplan-shares-surge-43-in-debut-shrugging-off-market-turmoil-1539380149|title=Anaplan Shares Surge 43% in Debut, Shrugging Off Market Turmoil|last=Chin|first=Maureen Farrell and Kimberly|newspaper=Wall Street Journal|date=12 October 2018|language=en-US|access-date=2019-10-18}}

History

In 2006, Anaplan was founded by Guy Haddleton, Sue Haddleton, and Michael Gould in Yorkshire, England.{{Cite web|url=http://www.fsn.co.uk/channel_bi_bpm_cpm/fsn_interviews_guy_haddleton_ceo_anaplan|title=FSN interviews Guy Haddleton, CEO Anaplan|date=2011-03-14|website=fsn.co.uk|publisher=FSN Publishing Limited|access-date=2016-12-20}}

In 2012, Anaplan brought on Frederic Laluyaux as CEO.{{cite news|url=https://blogs.wsj.com/venturecapital/2012/09/12/the-daily-start-up-aerohive-buzzes-with-22-5m-led-by-ivp-amid-sweet-mobile-connectivity-demand/#|title=The Daily Start-Up: Aerohive Buzzes With $22.5M Led by IVP Amid Sweet Mobile Connectivity Demand|first=Zoran|last=Basich|newspaper=Wall Street Journal|date=12 September 2012}} Laluyaux eventually left the company four years later in April 2016.{{cite web|url=http://www.fsn.co.uk/channel_bi_bpm_cpm/fsn_interviews_frederic_laluyaux_ceo_anaplan#.UmrbI5TzZra|title=FSN ~ BI, BPM & CPM ~ FSN Interviews Frederic Laluyaux, CEO Anaplan|access-date=2013-11-11|archive-url=https://web.archive.org/web/20131106205733/http://www.fsn.co.uk/channel_bi_bpm_cpm/fsn_interviews_frederic_laluyaux_ceo_anaplan#.UmrbI5TzZra|archive-date=2013-11-06|url-status=dead}}

A year after Laluyaux became CEO, Anaplan acquired its reseller Vue Analytics in U.K. for an undisclosed amount.{{cite web|url=https://www.zdnet.com/article/anaplan-acquires-reseller-vue-analytics-taps-sap-europe-vet/|title=Anaplan acquires reseller Vue Analytics; taps SAP Europe vet – ZDNet|first=Andrew|last=Nusca|website=ZDNet }}

= Recent history =

In May 2014, Anaplan introduced its marketplace, Anaplan Hub.{{Cite web|title=Anaplan Rakes in $100M In Series D Funding And Announces Anaplan Hub|url=https://techcrunch.com/2014/05/13/anaplan-rakes-in-100m-in-series-d-funding-and-announces-anaplan-hub/|access-date=2020-08-28|website=TechCrunch|date=13 May 2014 |language=en-US}} Using the marketplace, customers can share and find pre-designed planning models.

After multiple rounds of funding, to assist with going public, the company hired James Budge as its chief financial officer.{{cite web |last=Miller |first=Ron |date=2016-01-14 |title=With $90 Million In New Funding And Unicorn Status, Anaplan Looks Ahead to IPO |url=https://techcrunch.com/2016/01/14/with-another-90-million-of-funding-and-unicorn-status-anaplan-looks-ahead-to-ipo/ |access-date=2016-12-22 |website=techcrunch.com |publisher=TechCrunch}} In 2016, Anaplan had over 480 customers in 20 countries.{{Cite web|last=Henschen|first=Doug|title=Anaplan scales platform, prepares for prediction, addresses CEO departure|url=https://www.zdnet.com/article/anaplan-scales-platform-prepares-for-prediction-addresses-ceo-departure-at-hub-16/|access-date=2020-09-03|website=ZDNet|language=en}}

In April 2016 Anaplan acquired data analytics brand Chartcube.{{cite web | url=https://medium.com/@deepakalur/adieu-anaplan-186c5577d3c1 | title=Adieu Anaplan | date=22 April 2018 }}

In January 2017 Anaplan appointed Frank A. Calderoni as CEO.{{Cite news|url=https://www.reuters.com/article/us-anaplan-ceo-idUSKBN14U1IF|title=Anaplan hires CEO ahead of U.S. software firm's 2017 IPO|date=2017-01-10|newspaper=Reuters|access-date=2017-02-09}} Calderoni took the company public on October 12, 2018, with Anaplan being listed on the NYSE under the ticker symbol PLAN.{{Cite web |title=Those who invested in Anaplan (NYSE:PLAN) three years ago are up 178% |url=https://www.nasdaq.com/articles/those-who-invested-in-anaplan-nyse%3Aplan-three-years-ago-are-up-178-2021-10-28 |website=NASDAQ}}

In August 2019, Anaplan announced plans to acquire Mintigo, an Israeli-founded predictive marketing and sales analytics company.{{Cite web|last=Research|first=Forrester|title=Anaplan doubles down on predictive with Mintigo acquisition|url=https://www.zdnet.com/article/anaplan-doubles-down-on-predictive-with-mintigo-acquisition/|access-date=2020-09-25|website=ZDNet|language=en}} In November, the company was named to Deloitte Technology Fast 500.{{Cite web| url=https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/anaplan-ranked-among-fastest-growing-companies-on-deloittes-2019-technology-fast-500| title=Anaplan Ranked Among Fastest Growing Companies on Deloitte's 2019 Technology Fast 500™ |website=Financial Post|date=2019-11-07|language=en-CA|access-date=2020-03-27}}

In March 2022, the private equity firm Thoma Bravo announced a definitive agreement to purchase Anaplan for $10.7 billion.{{Cite web |date=2022-03-21 |title=Anaplan acquired by Thoma Bravo in $10.7bn deal |url=https://www.channelweb.co.uk/news/4046926/anaplan-acquired-thoma-bravo-usd-7bn-deal |access-date=2022-03-21 |website=www.channelweb.co.uk |language=en}} The deal closed in June 2022.{{Cite web |date=2022-06-23 |title=Thoma Bravo completes Anaplan acquisition |url=http://www.privateequitywire.co.uk/2022/06/23/315518/thoma-bravo-completes-anaplan-acquisition |access-date=2022-06-23 |website=www.privateequitywire.co.uk |language=en}} 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.{{Cite news |date=2022-06-12 |url=https://www.ft.com/content/117ebfdd-5d94-4cd0-9dc3-01de3c5c14c1 |title=Thoma Bravo seizes on pay issue to lower Anaplan buyout price |newspaper=Financial Times |access-date=2022-06-18 |language=en}}{{Cite news |date=2022-06-07 |url=https://www.reuters.com/markets/europe/thoma-bravos-renegotiated-deal-has-us-investors-wondering-whos-next-2022-06-07/ |title=Thoma Bravo's renegotiated deal has U.S. investors wondering who's next |newspaper=Reuters |access-date=2022-06-18 |language=en|last1=Hu |first1=Krystal }}

Also in 2022, Anaplan announced the acquisition of the applications division from existing partner Vuealta.{{Cite web |date=2022-12-22 |title=Has Anaplan started an acquisition spree |url=https://www.enterprisetimes.co.uk/2022/12/22/has-anaplan-started-an-acquisition-spree/ |website=www.enterprisetimes.co.uk}}

In June 2023, Anaplan began a round of major layoff, ranging from 119 to 500 employees.{{Cite web |date=2023-06-23 |title=Software giant Anaplan begins layoffs after Thoma Bravo's $10.4B buyout deal |url=https://nypost.com/2023/06/23/software-giant-anaplan-begins-layoffs-after-thoma-bravos-10-4b-buyout-deal/ |access-date=2023-06-27 |language=en-US}}

Funding

Anaplan raised its first venture capital funding within a year of its first sales in 2010.{{Cite news|title=Michael Gould, From Anaplan|url=https://www.ft.com/content/123a05c0-168c-11e5-8095-00144feabdc0|access-date=2020-10-02|newspaper=Financial Times|date=23 June 2015 }} In 2012, the company raised $11.4 million in Series B financing from investors that included Granite Ventures and Shasta Ventures.{{Cite web|date=2012-01-19|title=Anaplan Closes on $11.4M|url=https://www.pehub.com/2012/01/anaplan-closes-on-114m/|access-date=2016-12-22|website=pehub.com|publisher=PE Hub Network}}

Then, in 2014, the company’s Series D funding raised $100 million from new and existing investors including DFJ Growth, Workday, and Shasta Ventures. In 2016, Anaplan raised $90 million and became the second UK-founded company to achieve a $1 billion valuation.{{Cite news|title=Anaplan becomes UK's latest tech unicorn|url=https://www.ft.com/content/78d14b66-ba0d-11e5-bf7e-8a339b6f2164|access-date=2020-10-08|newspaper=Financial Times|date=14 January 2016 }}

Premji Invest led the fundraising, and was joined by Baillie Gifford, Founders Circle Capital, Harmony Partners, and Anaplan's then-current investors. As of January 2016, Anaplan had raised a total of $240 million in five funding rounds.

Technology

Anaplan's Hyperblock technology is a patented in-memory database and calculation engine for business planning.{{cite news |last1=Bateman |first1=Kayleigh |title=Taylor Wimpey builds cloud forecasting process with Anaplan |url=https://www.computerweekly.com/news/2240203001/Taylor-Wimpey-builds-cloud-forecasting-process-with-Anaplan |access-date=22 March 2022 |work=ComputerWeekly.com |date=2 August 2013 |language=en}}{{cite news |last1=Snider |first1=Emma |title=What is Anaplan ? - Definition from WhatIs.com |url=https://www.techtarget.com/searcherp/definition/Anaplan |access-date=22 March 2022 |work=techtarget.com |language=en}}{{cite web |title=Fidenda {{!}} Anaplan for Connected Planning EPM |url=https://www.fidenda.com/anaplan-connected-planning-epm |website=Fidenda |access-date=22 March 2022 |language=en}}

In November 2014, Anaplan announced the launch of the Anaplan App Hub for business planning applications.{{cite news |title=Anaplan App Hub Wants To Bring Open-Source Sharing Ethos to Financial Planners |url=https://techcrunch.com/2014/11/12/anaplan-app-hub-wants-to-bring-open-source-sharing-ethos-to-financial-planners/ |access-date=22 March 2022 |work=TechCrunch}}