PALO ALTO, CA–(Marketwired – May 11, 2016) – Adaptive Insights, the leader in cloud corporate performance management (CPM), today announced it has expanded its executive team with the appointment of Bhaskar Himatsingka as chief product officer (CPO), building on significant product and customer milestones. Part of a continued executive team expansion announced earlier this year, Himatsingka brings world-class product strategy, development, and operations expertise to the Adaptive Insights’ product development team.
In Q1 2016, Adaptive Insights became the first company to surpass the 3,000 cloud CPM customer milestone, while expanding its global reach with the addition of new data centers in Australia. The company also recently hosted its annual user conference where 1,400 attendees — one of the largest finance, planning and analysis (FP&A) gatherings in the world — came to learn, network, and share stories of how they are transforming their organizations with Adaptive Insights solutions.
“We welcome Bhaskar at a time of incredible momentum and expect his strategic and operational leadership skills will carry us forward into our new phase of growth,” said CEO Tom Bogan. “With demonstrated success at companies like Ariba, Change Healthcare, and Oracle, Bhaskar’s passion for innovation, combined with his expertise in scaling product teams, makes him the perfect addition to our executive team.”
The recent release of Adaptive Suite 2016.2 signals the company’s continued focus on analytics and data integration. Driving toward a model of pervasive analytics — a capability that embeds analytics into the operational and transactional applications needed to run the business — Himatsingka will lead product strategy and development, while managing the company’s global product development teams, reporting to Bogan.
“I’m inspired by Adaptive Insights’ success to date, and perhaps, more importantly, by the incredible success customers are experiencing with this groundbreaking cloud CPM solution,” said Himatsingka. “I look forward to applying my background in building both great products and teams for innovative companies in my new role at Adaptive Insights.”
About Bhaskar Himatsingka
Himatsingka has held C-level positions with numerous high-profile companies including Change Healthcare (formerly Emdeon), Ariba (now an SAP company), and Oracle Corporation. Most recently as CTO for Change Healthcare, he developed and executed a new technology roadmap, leading the engineering teams that re-architected the way the company stored and analyzed the data it processed. Change Healthcare is the largest healthcare network in the United States, processing more than 8 billion transactions per year about nearly 200 million patients.
Previously, Himatsingka spent 12 years at Ariba, six of them as CTO, where he led the effort to re-architect the company’s on-premises products, launched its multi-tenant enterprise software as a service (SaaS) platform, and led the product evolution that fueled Ariba’s ascent to becoming a leading SaaS application provider and the world’s largest B2B commerce network.
Expanded Infrastructure, Global Reach
Positioned for growth, Adaptive Insights has also continued to expand its infrastructure, announcing two new data centers in Australia in Q1 2016. These expand the Adaptive Insights global data network, which currently includes data centers in United States, Canada, and Europe, and will also be led by Himatsingka.
To learn more about Himatsingka, view his background on the Adaptive Insights leadership page.
Adaptive Insights is the leader in cloud corporate performance management (CPM). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and analytics that empower finance, sales, and other business leaders with insight to drive true competitive advantage. The Adaptive Suite is sold direct or is available through Adaptive Insights’ robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, BDO, Cohn Reznick, Intacct, KPMG, McGladrey, Plex Systems, and Workday. NetSuite also offers Adaptive Planning as its NetSuite Financial Planning Module.
More than 3,000 companies in 85 countries use Adaptive Insights. These range from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Epcor, Konica Minolta, NetSuite, Philips, P.F. Chang’s, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive Insights on LinkedIn, Twitter, Facebook, and YouTube.