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Anaplan: What does the UK’s latest tech unicorn actually do?

Scott Carey | June 24, 2016
Here is how Anaplan grew into the $1bn valued company it is today

Finally, Laughton would like to see Anaplan continue developing its scenario modelling capability for more predictive planning: "So that you create not just single point estimates but ranges of outcomes. What we have now is basic "what if" analysis, so developing that further with additional functionality."

What next?

Anaplan completed a $90m (£62m) funding round in January which secured the company a $1bn (£760m) valuation and unicorn status.

The label doesn't excite Gould though: "It's kind of a funny one to be honest. What excites me about it is the people investing are savvy investors and talk to a lot of our customers and if they the feel like they can invest then that's a great sign that we are doing some things right."

Anaplan is using this funding to continue a worldwide expansion, particularly across the lucrative enterprise software market in the USA, as well as growing staff numbers and its customer base in France and northern Europe. Global staff numbers are set to balloon this year, but the R&D department will be staying firmly rooted in York.

Verdict

Anaplan has a solid head start when it comes to this kind of hybrid, cloud-only ERP platform. It will always have to compete with the big four vendors, but by being small and built-for-purpose it can be agile to customer needs. Anaplan will continue to grown and spin powerful products off from its core calculator engine, such as predictive analytics and business intelligence.

Anaplan is a genuine player in a lucrative niche of the enterprise software market.

Source: Computerworld UK 

 

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