SOURCE: Host Analytics Incorporated

July 17, 2008 09:00 ET

Host Analytics Taps Industry Leading SaaS and CPM Talent for Executive Management Team

Venture Funding, Management Acquisitions Trigger Growth for On-Demand CPM Leader

ST. LOUIS, MO--(Marketwire - July 17, 2008) - Host Analytics, a leader in on-demand financial and corporate performance management (CPM), today announced key additions to its management team with the appointments of Jon Kondo as CEO and Gary Damiano as CMO and Vice President of Marketing. Most recently Kondo was Group Vice President, North American Enterprise Performance Management at Oracle, and prior he was Vice President and General Manager of the Americas for Hyperion Solutions, a 400-person, $560M group. While at Hyperion Kondo was deeply involved in the company's push into the business intelligence space, serving as VP of BI for North America and subsequently as the global head of BI.

"I've been a huge believer in corporate performance management to help improve customers' financial and operational performance, and the chance to be able to fulfill the promise of CPM in a significantly faster and more cost-effective way makes perfect sense," said Kondo. "Host Analytics, with its eight year track record, robust product offering and world class customer base, is perfectly positioned to take a leadership role."

Joining Jon Kondo at Host Analytics is Gary Damiano, a pioneer in Software as a Service marketing, whose background includes more than 19 years at Oracle and Siebel Systems. Before Host Analytics, Damiano was Senior Vice President of Marketing for Workstream, a leader in on-demand talent management solutions, where he reestablished the company's market presence and sales pipeline. Prior he was Vice President of Marketing for the Oracle On-Demand business and held senior marketing positions at Siebel where he was responsible for marketing the Siebel CRM On-Demand product line.

Jim Eberlin, who founded the company in 2000, and under whose leadership Host Analytics became the first company to offer a complete on-demand suite of CPM solutions, has been named Vice President of Business Development. Eberlin guided Host Analytics recent Series A financing, which netted a multi-million dollar investment and high-profile partners from Advanced Technology Ventures and Trident Capital.

"We started the company to make corporate performance management flexible, feasible and approachable to both mid-market and large enterprise companies. We are closer than ever to achieving that vision," said Eberlin. "The time is right for us to partner with software industry sales, marketing and management leaders such as Jon and Gary, who in their careers have been instrumental in defining business intelligence, corporate performance management and SaaS. Host Analytics is lucky to add both to its management team. That this high level of experienced industry talent was anxious to join us speaks well to the product, the large mid-market and FORTUNE 500 companies who are our customers, and the incredible market opportunity for SaaS based CPM solutions."

"SaaS adoption of CPM solutions is accelerating, with core applications such as budgeting and forecasting rapidly gaining momentum in mid-market, enterprise and public sector organizations," said Ronald Weissman, chairman of the board for Host Analytics. "The combination of market maturity, new capital, senior leadership and the industry's most advanced and complete SaaS CPM suite has Host Analytics well positioned to become the leading independent CPM solutions company."

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