SOURCE: Host Analytics

November 19, 2009 14:20 ET

Host Analytics Poised for Rapid Growth per Leading Independent Market Research Firm

The Only SaaS Vendor in a New Report on Business Performance Solutions, Host Analytics Is Noted for Having a Good Strategy and Rapidly Maturing BPS Functionality

REDWOOD CITY, CA--(Marketwire - November 19, 2009) - Host Analytics, the leading provider of cloud-based corporate performance management (CPM) solutions, today announced that leading independent market research firm Forrester Research has updated its review of business performance solutions (BPS) and vendors -- and Host Analytics was classified as a "strong performer." In The Forrester Wave™: Business Performance Solutions, Q4 2009 report, released November 2009, Forrester refers to Host Analytics as having "a well-rounded offering and a clear vision and strategy for BPS."

Forrester reviewed 10 vendors in its BPS market assessment and only vendors with a comprehensive platform were included. According to Forrester, "each vendor invited to participate has a BPS offering that includes at least three of the four core BPS capabilities (planning and budgeting, financial consolidations, cost and profitability management, and strategy and performance measurement applications)." Host Analytics was the only pure-play Software-as-a-Service vendor to qualify.

"BPS has strong long-term growth prospects, and this software category has held up reasonably well in the current recession," noted Forrester in its report. "Planning, forecasting, financial reporting, and performance measurement solutions have proven to be essential business tools to deal with economic uncertainty... Forrester predicts that total software revenues (licenses, maintenance, and subscriptions) in BPS will grow by a compound annual growth rate (CAGR) of 12.7% through 2012, increasing from $2 billion in 2008 to $3.2 billion in 2012."

For its report Forrester evaluated vendors against 89 criteria including current offering, strategy and market presence. Host Analytics was said to have "an attractive offering for midsize companies that want to deploy BPS rapidly and cost-effectively." Also: "The functionality of the Host Analytics solution has reached a good level of maturity around key BPS functions, and the company is poised for rapid growth."

"This report reflects the breadth of our offering and recognizes we have the correct strategy moving forward," said Keri Brooke, vice president of product marketing at Host Analytics. "With a series of new products on the way soon, I'm confident Host Analytics will remain at the leading-edge of the market."

"Nothing but good news for Host Analytics in Forrester's report," said Jon Kondo, CEO at Host Analytics. "It recognizes the tremendous growth we're experiencing and underscores the value of BPS for helping companies navigate through difficult economic times. It also reflects our decision to invest in developing a broad BPS suite, a key differentiator for us vis a vis niche vendors. We are also excited to be the only SaaS vendor in the report -- cloud-based BPS clearly is where the market is headed."

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

© 2009 Host Analytics Incorporated. All rights reserved. All trademarks are the property of their respective owners.

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    Host Analytics
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