Host Analytics Leading On-Shoring Resurgence Among U.S. Tech Firms

REDWOOD CITY, CA--(Marketwire - October 31, 2008) - Breaking with recent tradition, Host Analytics, a leader in on-demand financial and corporate performance management (CPM), today announced stepped-up efforts to recruit and hire new employees who are based in the United States, and who reside in smaller, often overlooked, domestic labor markets. Entwined with a plan to bring highly skilled technical talent into the organization, Host Analytics has focused attention on Midwestern U.S. cities including St. Louis, Missouri, where the company already has added significant sales, marketing and management staff. More recently, Host Analytics opened a professional services and customer support center in Ponca City, Oklahoma. With the weakened US dollar exchange rate, an increased focus by Midwestern schools like Oklahoma State University to train highly skilled technology and business professionals, and the increasing cost and competition found in traditional outsourcing centers, on-shoring is becoming an attractive alternative to companies like Host Analytics.

"While conventional wisdom suggests tech firms will save money by off-shoring, we are finding that is no longer always the case," said Jon Kondo, CEO, Host Analytics. "Much of the cost benefit previously associated with off-shoring is being offset by changing financial conditions in the U.S. and developing countries. And while larger U.S. professional centers attract significant technical talent, competition among firms to retain their services is steep and costly. Alternatively, we have found considerable and highly qualified resources in rural American towns. By targeting these communities we've been able to grow our business and keep costs down, while avoiding the management and communications difficulties inherent to off-shoring."

An article in the September 2008 issue of The McKinsey Quarterly states that rising wages and increasing oil prices in developing countries are limiting the financial advantages of off-shoring. Meanwhile, the cost of hiring quality labor in smaller U.S. markets has never been more affordable. Seizing on the opportunity to lead resurgence in on-shoring among U.S. tech companies, Host Analytics is actively engaging city and state government agencies as well as regional recruitment firms with ties into local IT services organizations.

"Host Analytics has precisely the corporate mindset and forward thinking leadership that Oklahoma needs to serve its people with jobs tailored to their future and Oklahoma's growth," said Brad Henry, governor of Oklahoma.

Host Analytics is experiencing great results with their customer service center in Ponca City, Oklahoma and is serving as a reference for other firms looking for these same benefits by locating there.

About Host Analytics

Host Analytics is the leading provider of on-demand corporate and financial performance management solutions. Host Analytics' 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