Anaplan challenges Oracle, SAP, IBM in cloud data storage

Grazed from SFGate. Author: Thomas Lee.

Anaplan CEO Fred Laluyaux has a ready answer whenever someone asks him to describe his company’s product. "Excel on steroids," Laluyaux said. With all due respect to Laluyaux, that doesn’t quite capture it. That’s what happens when you work in a market as opaque as enterprise performance management software – souped-up code that allows companies to store, access, manage and analyze huge amounts of data.

So here’s an alternative description: Anaplan has created technology that could kill off industry giants Oracle and SAP. Think I’m exaggerating? DFJ Growth doesn’t think so, which is why the venture capital firm led a group, including Salesforce.com and Workday, that recently invested $100 million into the San Francisco startup…

Since its founding in 2006, Anaplan, which expects sales to once again double this year, has snagged big names like Pandora, Hewlett-Packard, Boston Scientific and Procter & Gamble…

Read more from the source @ http://www.sfgate.com/technology/article/Anaplan-challenges-Oracle-SAP-IBM-in-cloud-data-5499722.php

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