SOURCE: Host Analytics

Host Analytics

February 02, 2011 10:43 ET

Host Analytics Announces Fiscal Year 2010 Results Reflecting Impressive Growth in SaaS CPM

Q4 Momentum -- Sixth Consecutive Record Quarter for the On-Demand CPM Leader -- Demonstrates Continued Growth in Bookings, Partners, Customers and the Overall Business

REDWOOD CITY, CA--(Marketwire - February 2, 2011) - Host Analytics, the leading provider of on-demand corporate performance management (CPM) solutions, today announced a record fourth quarter with double the bookings in Q4 2010 over Q4 2009, and 56 percent growth in bookings quarter over quarter. It was the sixth consecutive record-breaking quarter for the company.

In the fourth quarter, Host Analytics signed an array of new customers such as Ferrotec, Gaco Western, LumaSense, XIOLINK and The University of Washington. Further customer validation was a Ventana Research Leadership Award 2010 win recognizing Host Analytics' customer Thule for best practices in financial analytics and performance. Host Analytics also welcomed new consulting partners, including Trikon Teknology Chicago and Capiotech (part of the ASG Group) in APAC, further expanding its market footprint around the world.

Supported by increasing SaaS adoption, the company closed out its fiscal year 2010 with approximately 200 enterprise customers, new products to market, strong industry validation, additional funding, a deepened bench of executive talent and a move to larger headquarters to accommodate the company's growth.

"We are getting out of 2010 what we put into it," explained Jon Kondo, CEO at Host Analytics. "I am most pleased with the ever increasing rate of customer acquisition in our core markets proving that a world-class SaaS CPM solution can be delivered to a broad audience. The market was better, yes, but we also put incredible resources behind improving our customer experience, investing in talent and delivering on technology and product innovation. In parallel, the growing acceptance of SaaS naturally seeped into finance and other executive departments at large global businesses creating a timely market opportunity for Host Analytics. In 2011, we will continue to deliver on our products and our promises."

(Another) Record Year for Host Analytics

Host Analytics' year over year growth was more than doubled, and the results exceeded expectations for a second consecutive year. Some of the 2010 highlights:

  • Industry recognition - In 2010, Host Analytics was recognized with the 2010 AlwaysOn OnDemand Top 100, Ventana Research Leadership Award 2010 and 2010 Editors' Choice Award From TechWeb's Intelligent Enterprise.
  • Best-in-class validation - The Aberdeen Group report "Achieving Enterprise Objectives: A Look at Host Analytics' Customer Performance," revealed a higher than best-in-class level of business performance among Host Analytics customers in terms of profitability growth, budget accuracy and on-time achievement of enterprise objectives.
  • Product innovation - Host Analytics introduced new products to market including Host Analytics Decision Hub, a centralized resource center for aggregating external data and applications for business analysis, and Host Analytics Executive Report Manager (ERM), a new reporting component for the company's award-winning CPM suite -- The Host Analytics Decision Platform.
  • Corporate expansion - In 2010, Host Analytics closed a Series C round of $15 million in funding, welcomed new vice president of sales John Perkins and vice president of engineering Aravind Balakrishnan to the executive team, and opened new headquarters in Redwood City including new state-of-the-art training facilities for future product releases.
  • Customer growth - Host Analytics grew its strong community of customers with GT Solar, Mediacom, Kids II, Schumacher Group, among other customer wins announced in 2010.

About Host Analytics
The Host Analytics Decision Platform™ reveals the full implications of decisions -- both risk and reward. As the industry's first cloud-based corporate performance management (CPM) suite, Host Analytics improves budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis to drive fact-based decisions for finance executives. Host Analytics serves midsize to large customer organizations including JP Morgan Chase, Procter & Gamble, Thule, Otis Spunkmeyer, Pitney Bowes, Schumacher and Red Roof Inn. Founded in 2000, Host Analytics was named among JMP Securities' Hot 100: The Best Privately Held Software Companies and the AlwaysOn OnDemand 100. The company has also received industry accolades such as the 2010 Ventana Research Leadership Award and the 2010 Editors' Choice Award From TechWeb's Intelligent Enterprise.

For additional information, visit http://www.hostanalytics.com/ or join the conversation at www.twitter.com/host_analytics.

Contact Information

  • Contact Information:
    Tami Casey
    Kulesa Faul for Host Analytics
    (650) 340-1984
    Email Contact