Anaplan, the American who dreams of dethroning Excel
Anaplan, an American company specializing in strategic planning in the cloud, has just raised 90 million dollars (around 82.6 million euros) from Premji Invest, as lead investor, and Baillie Gifford, Founders Circle Capital and Harmony Partners. Several historical investors also took part in this new round of funding. In 2014, Anaplan had already received $ 100 million.
Founded in 2007 by Guy Haddleton and Michael Gould, Anaplan develops strategic business planning solutions for many sectors ranging from finance (financial consolidation, reporting, tax forecasts, etc.), human resources, sales or even operational management of companies. In the end, more than a hundred applications are available.
With this model, the American company claims more than 50,000 users worldwide and many large groups among its customers, including Aviva in France. “Every day, we meet business leaders from all over the world who tell us about the urgency of mastering numbers in their strategic and tactical decision-making. However, they are stuck by the use of technologies designed 30 years or more ago, at a time when the challenges were not the same as they are today. They deploy Anaplan in all areas of their activity, ”says Fred Laluyaux, Anaplan’s CEO, to clarify the positioning.
The objectives of the Start-up
With this new investment, Anaplan wants to continue its development and strengthen its business planning platform. Also on the menu: internationalization. The company had already opened an R&D center in Paris last year. It has to rely on competition from many players, including IBM and SAP, or Excel software, which is heavily used for planning.
Review the interview with Laurent Lefouet, CEO Europe of Anaplan, published in June 2015:
Founders: Guy Haddleton and Michael Gould
The head office: San Francisco (United States)
Market: cloud planning software
Competitors: SAP, IBM
Turnover: $ 100 million claimed on an annual basis
Funding: over $ 190 million raised