Host Analytics Expands Cloud CPM Leadership With European Expansion and UK Office, Announces NEC Europe as Newest Customer

REDWOOD CITY, CA--(Marketwire - Apr 24, 2012) - Host Analytics, the leader in cloud-based corporate performance management (CPM) solutions, today announced due to high customer demand, it is expanding its market-leading activity to Europe by opening a dedicated UK office to support business development and sales operations in the region. As part of this new office opening, Host Analytics is also announcing its customer win with NEC Europe.

Host Analytics' suite of cloud-based corporate financial planning and management solutions helps finance executives drive fast and smart fact-based decision-making throughout their organizations. The company's solutions cover planning, budgeting, scorecarding, financial consolidation and reporting.

Jon Kondo, CEO at Host Analytics, commented, "Businesses of all sizes are looking for better information to support their decision making as they look to support their growth strategies in tough times. Our proven and award-winning CPM suite helps these organizations pull information together faster and more efficiently, providing them with a significant advantage over competitors. With Host Analytics, our customers can model the impact of business decisions to demonstrate where they can improve performance and reduce risk."

Host Analytics customers are fast-growing businesses that require efficient financial reporting and management tools to scale with them. Worldwide, organizations such as Groupon and Crocs rely on Host Analytics for exceptional financial reporting and management. In the UK, new customers include NEC Europe, which has decided to use the Host Analytics cloud CPM suite as part of its financial reporting and planning processes.

"At NEC Europe, we wanted to streamline the planning process and carry out more detailed analysis on our financial performance in order to support our growth plans and improve our current decision making processes. By moving our financial reporting, budgeting and planning processes to the cloud with Host Analytics, we will be able to integrate our existing systems and deliver the necessary depth of data, as well as providing a full forward looking view of our operations across Europe," commented Gavin Johnston, European Finance Director at NEC Europe Limited.

As part of today's news, Host Analytics is also announcing its integration with FinancialForce.com, a US and UK-based provider of accounting and professional services automation tools for SalesForce. Working together, Host Analytics and FinancialForce.com provide organizations with automatic integration of individual transaction data into wider planning cycles. This provides customers with significant value and reduces their reporting and planning time dramatically.

"Budgeting and planning is at the heart of managing company performance, and relies on both accurate information and timely delivery of data. By providing information quickly and in a simple-to-understand format, organizations can improve their performance and finance professionals can offer more value back to their companies," said Tom Brennan, VP Product Marketing, FinancialForce.com. "We are very pleased to be working with Host Analytics as part of its expansion plans, and we see great potential for future combined cloud offerings."

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Relevant Links

• Host Analytics
• Host Analytics Fact-Based Decisions Blog
• Host Analytics Facebook
• Host Analytics Twitter

About Host Analytics
Host Analytics is the #1 cloud corporate performance management company, providing the only complete suite for finance. We help organizations make better operational and financial decisions by streamlining and automating their consolidations, planning and reporting processes.

Over the span of a decade, we've gone from pioneer to leader with our deep product functionality, world-class team and broad partner ecosystem. Thanks to the cloud, our customers enjoy low costs, low risk and fast results that give them an edge and helps Finance gain greater influence in setting business strategy and operational priorities. Host Analytics is:

• 1st cloud corporate performance management solution;
• 1st to deliver external data integration;
• 1st to deliver a business analytics application built for finance in the cloud.

Host Analytics serves midsize to large customer organizations, including AT&T, Groupon, Crocs, Thule, Otis Spunkmeyer, Schumacher and Red Roof Inn. We have received on-going industry recognition and were most recently recognized by AlwaysOn for the OnDemand 100 Awards and by Network Products Guide for its Hot Company Award.

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