SOURCE: Host Analytics

Host Analytics

January 27, 2010 07:00 ET

Host Analytics Completes Fiscal Year 2009 in Record Style

Fourth Quarter Bookings Increase 300% Quarter-Over-Quarter, as Executives Look to Finance to Provide Tools for Fact-Based Decision Making

REDWOOD CITY, CA--(Marketwire - January 27, 2010) - Host Analytics, the leading provider of cloud-based corporate performance management (CPM) solutions, today announced record results for Q4 and fiscal year 2009. In its fourth quarter, ended December 31, Host Analytics increased bookings 300% over Q4 2008, as the need for tools that improve financial decision-making became more acute among the largest companies.

In Q4 Host Analytics reached a series of significant milestones. Both bookings and revenue for the quarter were the highest in the company's history. Customer and user counts also reached an all-time high, demonstrating the broad applicability of financial performance systems.

Host Analytics' fourth quarter performance continued a pattern of strong financial results for the SaaS CPM leader. In Q2 2009 the company secured an up-round Series B financing, adding StarVest Partners as an investor. Overall in 2009, Host Analytics increased its monthly recurring revenue over 100%.

"We've really committed to meeting the needs of the CFO and the finance function in general," said Jon Kondo, CEO at Host Analytics. "More than ever, it's critical that executives understand the full implications of business decisions -- both risk and reward -- before they're made. Owning that 'go, no go' moment is a specialty of Host Analytics that we enable through a combination of powerful product functionality and deep financial and regulatory expertise."

Record Year for SaaS CPM Leader

Host Analytics exceeded its financial expectations in 2009 due to a steep increase in its customer total. For the year, Host Analytics grew its customer portfolio by 50%, with industry leaders across vertical markets joining the ranks of Host Analytics customers. In Q4 alone Host Analytics added customers such as AON Consulting, Crocs, Current Media, Masimo Corporation, Petroleum Development Corporation, Webroot Software, and Wente Vineyards to its customer list. Other high-profile organizations to sign-on with Host Analytics in 2009 were Axioma, Bama, Highway Technologies, Icicle Seafood, Kingdom Hotels, Linden Labs, Mission Hospital, New West Health, and Torex.

Additional noteworthy accomplishments for Host Analytics in 2009 include:

--  Market research firm Forrester named Host Analytics a "strong
    performer" in its Forrester Wave™ report on Business Performance
    Solutions.  In the report Host Analytics was noted for having "a well-
    rounded offering and a clear vision and strategy for BPS."
--  Market research firm THINKstrategies recognized Host Analytics with a
    Best of SaaS Showplace (BoSS) Award, given to cloud computing vendors whose
    solutions have been shown to increase sales, lower costs, improve customer
    satisfaction, speed operations and grow profitability.
--  Host Analytics announced the launch of Host Analytics v9.0, the
    company's 17th major product release in the last 10 years, as well as Team
    Edition - Financial Consolidations, a product targeted to midmarket
    companies needing robust financial consolidation functionality.
--  Host Analytics partnered with several technology leaders including
    Microsoft, NetSuite, Oracle, Right90, Tricipher, Callidus Software, and
    NeoClarus.  In particular the partnership with Microsoft is significant
    because, as a Gold level partner, Host Analytics will have faster access to
    the latest Microsoft technology and technical resources, enabling Host
    Analytics to more quickly and easily rollout new functionality.
--  Host Analytics introduced its Customer Community Ecosphere, a free
    portal in which the worldwide community of Host Analytics users can
    exchange ideas, review best practices, join industry or role-based groups,
    and network with peers.

"We were very excited to see Host Analytics rollout its customer community portal," said Sheilene Snipes, senior financial planning analyst at Thule, a Host Analytics customer and leading provider of sports and utility transportation equipment. "For new users the portal makes it easy to identify the features and functionality that are likely to deliver the best results. For experienced users like us, we get a wealth of information regarding budgeting, planning, and financial consolidations best practices."

"This is, by far, the most challenging economy our customers have experienced, and finance executives are being asked to contribute more than just 'the numbers,'" noted Kondo. "These days finance is a key part the senior management team and their input is crucial to the decision-making process when it comes to highly strategic, cost-sensitive issues. Host Analytics' integrated suite of SaaS CPM solutions make the job of the finance executive easier, enabling users to make fully informed financial decisions."

About Host Analytics

Founded in 2000, Host Analytics is the leading provider of cloud-based corporate performance management (CPM) solutions to large and mid-market companies including JP Morgan Chase, Procter & Gamble, Otis Spunkmeyer, Pitney Bowes, and Red Roof Inns. Host Analytics' solutions help financial, line-of-business and departmental executives improve budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis. Host Analytics delivers its suite of CPM solutions via the Software as a Service (SaaS) model, enabling customers to realize fast time-to-value and a continuous flow of new features and functionality. For additional information, visit

© 2010 Host Analytics Incorporated. All rights reserved. All trademarks are the property of their respective owners.

Contact Information

  • Media Contact:
    Kevin Wolf
    Host Analytics
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