A couple weeks ago I wrote an article on Anaplan's rise and questioned what it meant for the future of SAP BPC. In the article I referred to the $60 Million in Series F funding and being awarded Deloitte's 'Fast 500'.
If you read the article, you will have noticed I am a follower of Anaplan, continually researching online and asking professionals their thoughts on the technology.
Therefore, it is not surprising to see me writing about Anaplan again.
I came across an article written by Jean Baptise on Anaplan. Jean is part of the Unicorn series articles which exclusively covers startups valued at over a billion dollars, including prestigious names such as AirBnB and SpaceX.
In the article, Jean focuses on the growth of Anaplan and how they are 'nipping at the heels' of large enterprise software leaders such as Cognos (IBM), Excel (Microsoft), Hyperion (Oracle) and ERP (SAP).
The key points for me were;
- Anaplan crossed $200 Million mark for the first time in billings.
- Anaplan added over 200 new global customers last year.
- Anaplan's Cloud solution is now used by over 850 organisations.
- Over 30% of Anaplan's customers have expanded their solution to 2 or more departments.
- Anaplan is now valued at 1.4 Billion (A huge increased of 27% from Jan 2016).
Jean then alludes to how Anaplan are now on track to follow in the footsteps of other successful enterprise cloud companies likes Salesforce and Workday.
It will be interesting to continue monitoring the 'hyper-growth' of Anaplan and how the market shapes in the next couple of years and whether the current market leaders will react? And if they do, how?
Anaplan is now on track to follow the trajectory of other successful enterprise cloud companies like Salesforce, Workday, and ServiceNow.