Contact Information: Company Contact: Gary Damiano Host Analytics 314-588-2121 Ext 413
Host Analytics Taps Industry Leading SaaS and CPM Talent for Executive Management Team
Venture Funding, Management Acquisitions Trigger Growth for On-Demand CPM Leader
| Source: Host Analytics Incorporated
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.