SOURCE: Host Analytics Incorporated

October 16, 2008 08:00 ET

Host Analytics Completes Strong Third Quarter as Wave of Businesses Favoring Software-as-a-Service Builds

New and Existing Clients Increase Usage, Push Host Analytics Over 7,500 Paying User Threshold

ST. LOUIS, MO--(Marketwire - October 16, 2008) - Host Analytics, the leader in on-demand financial and corporate performance management (CPM), today announced strong results for its fiscal year third quarter, with new and current clients enabling Host Analytics to reach the 7,500-paying user milestone. As clients head into budgeting and planning mode, Host Analytics also expanded its product line in Q3 to include increased functionality and new editions of its proven on demand solution, Team, Standard and Enterprise, making it easier for companies of all sizes to improve corporate performance. And finally, market analysts published reports in Q3 acknowledging Host Analytics' leadership in the Software-as-a-Service (SaaS) CPM category, further bolstering company confidence.

"Not surprisingly, today's rapidly changing economic conditions are having a positive impact on our business," said Jon Kondo, CEO, Host Analytics. "Market volatility increases the need for finance managers to generate new iterations of budgets and operating plans quickly. At the same time, they must provide a high level of transparency to actual results in their work. Corporate performance management solutions are ideal for these tasks, but shrinking access to capital has made on-premises CPM software too expensive to justify. SaaS CPM, on the other hand, is equally capable from a functionality perspective. It also works faster and requires zero IT expense. Businesses are getting this, and the result is a highly favorable environment for Host Analytics."

Several well-known companies joined the ranks of Host Analytics customers in Q3. A few examples include:

--  Carat, a leading independent media communications agency, selected
    Host Analytics Enterprise Edition to automate budgeting and revenue
    forecasting for its media services business.  Carat will also leverage the
    scorecarding capabilities in Host Analytics Enterprise Edition to provide
    executives with high-level customer profitability data.
    
--  Wright Express, whose payment processing services capture transaction
    data at more than 180,000 fuel and vehicle maintenance locations, will
    deploy Host Analytics Standard Edition with consolidations to track
    customer data, including gallons pumped and transaction history.  Host
    Analytics will also be the system of record for P&L, balance sheet and cash
    flow.  Wright Express selected Host Analytics over Oracle-Hyperion, and
    will integrate to Oracle ERP and Siebel CRM.
    
--  Cultural Experiences Abroad (CEA), which provides international
    education opportunities to thousands of U.S. and Canadian college students,
    chose Host Analytics Standard Edition with consolidations to replace its
    spreadsheet-based budgeting and planning process, which was cumbersome and
    time-consuming.  Host Analytics' Web-based, user-friendly application with
    multi-currency capabilities and consolidations will be integrated to
    Microsoft Dynamics GP application for forecasting budget versus actuals.
    
--  Terra Renewal, a waste management company for customers ranging from
    large industrial food processors to small restaurant owners, also selected
    Host Analytics Standard Edition.  Host Analytics is replacing Microsoft FRx
    for financial consolidation and reporting, and Microsoft Excel for
    budgeting and forecasting.  As Terra Renewal is growing quickly via
    acquisition, Host Analytics' consolidation capability was important.
    

"Now that we've gotten our arms around performance across our businesses and made the financial closing processes more efficient and consistent with Host Analytics, we are adding new users to the system for budgeting and planning," said Scott Finnegan, Controller at Baptist Health. "Before Host Analytics we could not be as accurate or quick in our analysis of different scenarios due to the multiple and complex calculations that were necessary. Now, we can now focus on using Host Analytics to perform these tasks and to better model our revenues."

Information about the summer '08 launch of Host Analytics v8.1, including market analyst reports and reactions, can be found at www.hostanalytics.com.

About Host Analytics

Host Analytics is the leading provider of on-demand corporate and financial performance management solutions. Host Analytic's solutions help financial, line of business and departmental executives improve their budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis. Host Analytics delivers its suite of corporate performance management solutions via the Software-as-a-Service (SaaS) model. Host Analytics, a pioneer in providing comprehensive and easy to use CPM solutions, was founded in 2000 and expanded its SaaS offering in 2005 to include a complete suite of CPM solutions.

Host Analytics helps organizations streamline the performance management process, align the planning process with business strategy and effectively measure performance and manage change. As a SaaS delivered solution, Host Analytics customers realize fast time to value through quick implementation of solutions, the highest levels of user adoption, effective empowerment of business users and a continuous flow of Host Analytics provided solution innovations and improvements.

Host Analytics serves the enterprise, large and midsized company and public sector markets including industry leading companies like JP Morgan Chase, Procter & Gamble, Otis Spunkmeyer, Pitney Bowes, and Nortel Networks. Host Analytics was included in JMP Securities' prestigious "Hot 100: The Best Privately Held Software Companies." For additional information, visit http://www.hostanalytics.com/ or call (314) 588-2121.

© 2008 Host Analytics Incorporated. All rights reserved. All trademarks are the property of their respective owners.

Contact Information

  • Company Contact
    Gary Damiano
    Host Analytics
    314-588-2121 Ext 413
    Email Contact