REDWOOD CITY, CA--(Marketwire - November 2, 2010) - Host Analytics, the leading provider of on-demand corporate performance management (CPM) solutions, today announced a record quarter fueled by double the amount of bookings in fiscal Q3 2010 over Q3 2009, a surge in customer growth, as well as an increase in workforce. During the third quarter, the company also introduced several innovations in the CPM solutions market, including the Host Analytics Executive Report Manager and Host Analytics Decision Hub.
"We continue to execute on our strategy of consistently providing innovative solutions while focusing on satisfying customers," said Jon Kondo, CEO at Host Analytics. "Building a solid foundation with our customers and listening to their needs has been a driving force behind that innovation. Ultimately, innovations in our solutions will continue to drive the growth of Host Analytics, made evident by our customer and corporate growth this quarter. Industry leaders are taking note of our dedication, which is the ultimate compliment."
Customer, Ecosystem and Corporate Growth Milestones
During the third quarter of 2010, Host Analytics:
- Signed significant new customer deals, including industry leaders in technology, retail, manufacturing, and broadcast media resulting in a doubling of annual bookings as compared to the same quarter last year. New customers include GT Solar, Mediacom, Kids II and many more.
- Introduced the Host Analytics Executive Report Manager, a new solution that provides finance executives with automated, complete and efficient reporting to drive more effective corporate decision-making.
- Introduced the Host Analytics Decision Hub, a centralized resource center for finance and operations leaders to aggregate, integrate and automate critical external data and applications for improved business analysis.
- Grew employee count by more than twenty percent.
- Continued to see new revenue streams from channel partners.
Continued Industry Recognition
In August, Host Analytics was recognized by leading industry-analyst firm SMB Group in a report on the rapidly growing Corporate Performance Management solutions industry titled, "Corporate Performance Management Solutions for Mid-Market Enterprises."
In the report, Host Analytics was one of the seven providers SMB Group examined on current trends within the market, praising the company for having an "experienced team with a strong understanding of upper mid-market companies and larger enterprise CPM needs." The report also recognized the company's solutions as "an attractive offering for upper-midsize companies that want to deploy rapidly and cost-effectively."
In September, the company received recognition from leading research firm Aberdeen Group in a report that examined customer feedback of Host Analytics solutions. The report, titled "Achieving Enterprise Objectives: A Look at Host Analytics' Customer Performance," revealed Host Analytics customers had a "higher than best-in-class level of business performance in terms of profitability growth, budget accuracy, and on-time achievement of enterprise objectives."
The report also cited Host Analytics solutions as outperforming competing best-in-class competitors in several categories, including year-over-year change in budget accuracy, year-over-year change in profitability and customer satisfaction.
Additionally, Host Analytics customer Thule was recognized as a finalist in the 2010 Computerworld Best Practices in BI and Analytics Award program for its use of Host Analytics solutions to achieve more measurable business value, better return and faster deployment than on-premise alternatives.
Approximately 200 enterprises worldwide use Host Analytics to support operational decision making with financial information. Host Analytics is the only company to offer a comprehensive suite of multi-tenant SaaS financial performance solutions. The company was named to the 2010 AlwaysOn OnDemand Top 100, which identifies companies with game-changing approaches and technologies likely to disrupt existing markets and entrenched players. Additionally, the company was recognized by leading analysts in the Gartner Research Magic Quadrant for Corporate Performance Management Suites, and named a "strong performer" in the Forrester Wave report from Forrester Research on Business Performance Solutions.
About Host Analytics
The Host Analytics Decision Platform™ reveals the full implications of decisions -- both risk and reward. As the industry's first on-demand corporate performance management (CPM) suite, Host Analytics improves budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis to drive fact-based decisions for finance executives. Host Analytics serves midsize to large customer organizations including JP Morgan Chase, Procter & Gamble, Otis Spunkmeyer, Pitney Bowes and Red Roof Inn. Founded in 2000, Host Analytics was named among JMP Securities' Hot 100: The Best Privately Held Software Companies and the AlwaysOn OnDemand 100.
For additional information, visit http://www.hostanalytics.com or join the conversation at www.twitter.com/host_analytics.
Contact Information:
Contact Information:
Tami Casey
Kulesa Faul for Host Analytics
(650) 340-1984