Anaplan

Anaplan

Company type	Private
Industry	Business planning software, Cloud computing
Founded	2006
Founder	Guy Haddleton, Sue Haddleton, Michael Gould
Headquarters	Miami , United States
Area served	Worldwide
Key people	Frank A. Calderoni (CEO)
Products	Business planning software, Anaplan Hub, Hyperblock technology
Number of employees	119–500 (workforce reduction in 2023)
Parent	Thoma Bravo

Anaplan is a company specializing in business planning software, with its headquarters located in Miami, Florida. It provides cloud-based subscription solutions designed to facilitate business planning and data-driven decision-making.

History

Established in 2006 by Guy Haddleton, Sue Haddleton, and Michael Gould in Yorkshire, England, Anaplan appointed Frederic Laluyaux as CEO in 2012. Laluyaux stepped down from the position in April 2016.

In 2013, to strengthen its foothold in the European market, Anaplan acquired its UK reseller, Vue Analytics, though the financial details were not publicly disclosed.

Recent history

Anaplan introduced its marketplace platform, Anaplan Hub, in May 2014, allowing users to share and utilize pre-built planning models.

To bolster its initial public offering preparations, James Budge was brought on board as CFO. By 2016, the company had expanded its client base to over 480 customers spanning 20 countries and acquired the data analytics company Chartcube that same year.

Frank A. Calderoni took over as CEO in January 2017 and guided Anaplan through its public debut on October 12, 2018, listing on the NYSE under the ticker symbol PLAN.

In August 2019, Anaplan revealed plans to acquire Mintigo, an Israeli firm specializing in predictive marketing and sales analytics. Later that year, it was recognized on Deloitte’s Technology Fast 500 list.

March 2022 saw private equity firm Thoma Bravo agree to purchase Anaplan for $10.7 billion; however, the acquisition finalized in June 2022 at a revised price of $10.4 billion due to alleged breaches of merger agreements related to employee compensation amid wider market challenges.

Additionally, in 2022, Anaplan acquired the applications division of its partner company Vuealta.

Following the Thoma Bravo acquisition, Anaplan initiated workforce reductions in June 2023, impacting between 119 and 500 employees.

Funding

Within a year of launching sales in 2010, Anaplan secured its initial venture capital funding. The company raised $11.4 million during its Series B round in 2012 from investors including Granite Ventures and Shasta Ventures. Its Series D financing round in 2014 brought in $100 million from both new and existing backers such as DFJ Growth, Workday, and Shasta Ventures. In 2016, Anaplan raised $90 million more, achieving a valuation exceeding $1 billion and becoming only the second UK-founded firm to do so. This round was led by Premji Invest alongside Baillie Gifford, Founders Circle Capital, Harmony Partners, and previous investors. By January 2016, total funding reached $240 million across five rounds.

Technology

Anaplan utilizes its proprietary Hyperblock technology, an in-memory database coupled with a calculation engine specifically engineered to support business planning activities. In November 2014, the company introduced the Anaplan App Hub, a platform designed to enable users to share and access various business planning applications seamlessly.