Cloud-based in-memory modelling and planning vendor, Anaplan, is expanding its footprint into Asia-Pacific with the acquisition of Cloud EPM, Anaplan’s Asian reseller.
The company said, in a statement, that the acquisition would enable its rapid international expansion to meet growing market demand for its enterprise planning and modelling platform.
“Our customers in Asia-Pacific are echoing what we have heard in the United States and Europe – these companies are hungry for an alternative to the status quo of enterprise planning and modelling,” Anaplan CEO, Fred Laluyaux, said.
As a result of its acquisition, the company has appointed Samir Neji, former CEO of Cloud EPM, to the role of Anaplan Asia managing director, and opened a regional office in Singapore.
Neji will run the Asia-Pacific operations from the company’s Singaporean base.
Before his stint at Cloud EPM, he held the role of founder and CEO of CPM Consulting for more than six years. Prior to that, he had experience as the Asia-Pacific and Japan senior manager of Diagonal Consulting.
“His leadership, integrity, deep domain experience, and focus on customer success fit extremely well with Anaplan’s core values and culture,” Laluyaux said.
He also claimed that Anaplan chose to establish a regional office in Singapore for its reputation as a major global hub with “exceptional talent, unparalleled business and technology infrastructure, and an ideal location”.
The company also has offices in North America, UK, France, and Sweden.
Demonstrating its further commitment to the Asia-Pacific region, the company mentioned that it is in talks with the Infocomm Development Authority of Singapore (IDA) regarding potential plans to build datacentres in Singapore.
Laluyaux said the move will support IDA’s goals to accelerate adoption of Cloud-based technologies and economic leadership in Asia and enable Anaplan to better service its growing worldwide customer base.