Redwood City, CA,
Host Analytics Continues Unprecedented Momentum With Outstanding Third Quarter
Highlights Include Another Quarter of Record New Subscriptions, Impressive Customer Wins, and Strong Response to New Modeling Offering
Host Analytics, the leader in cloud-based enterprise performance management (EPM), today announced that it has again broken previous records for sales of new subscriptions, delivered another quarter of impressive customer wins, and seen a strong response to its new Modeling offering, launched in April 2015. In addition, the company launched a successful 11-city roadshow “The Future of Finance Tour” and received numerous industry accolades from firms such as Gartner and Ventana Research.
“The cloud EPM market is red-hot,” said Dave Kellogg, CEO of Host Analytics. “We see more and more finance departments wanting to go cloud and we see huge interest in enterprise modeling as a way to re-unite finance and operations. This has been a key theme at our ‘Future of Finance’ events, and key reason why we’re not only driving record sales but record pipeline creation.”
Third quarter new customers include Augusta Sportswear, CalPERS, Campus Crest Communities, Inc., Cooks Collision, Dynegy Inc., JIBE Inc., La-Z-Boy, Inc., Marc Jacobs, National Technical Systems, ON24, Inc., Papé Machinery, and Trion Worlds, Inc.
New Host Analytics Modeling Capabilities
The third quarter saw the enhanced release of Host Analytics Modeling, which enables organizations to unite their financial and operational planning to better anticipate business outcomes and inform financial plans. Highlights include advanced analytics designed to help organizations drive deeper insights from finance and operational models, a mobile-optimized user interface, and the ability to integrate data from any operational system.
Customers and industry analysts both commented on the benefits and business impact of Host Analytics Modeling. Customer Mahesh Patel, CFO for Druva Inc., said, “As the Finance function has evolved in recent years to play an even more critical role in anticipating business outcomes, modeling capabilities that allow our team to conduct what-if scenario planning and become agile are a must-have.”
According to analyst Robert Kugel, SVP Research for Ventana Research, “Host Analytics Modeling is designed to address an important need in corporate planning—closely tying all aspects of business planning to financial planning and budgeting and helping organizations collaborate across business silos.”
“The Future of Finance Tour”
The quarter also saw the kick-off of Host Analytics’ “The Future of Finance Tour.” The ongoing road tour of one-day events provides insight from finance and technology thought-leaders and showcases how world-class organizations are using Host Analytics to streamline processes, create greater business agility, and reunite finance and operations. The tour has completed successful stops in San Francisco, Boston, Minneapolis, New York, Atlanta, Chicago, Seattle, Washington, D.C. “The Future of Finance Tour” continues to Dallas today and then on to Sydney and Melbourne in Australia next month. For more information and to register, please visit here.
Awards and Industry Recognition
During the third quarter of 2015, Host Analytics received praise from industry analyst firms, publications, and organizations. Gartner rated the company the highest Product Score for the “Public/Private ($250 Million-$1 Billion)” Use-Case in its “Critical Capabilities for Corporate Performance Management Suites” report. In addition, Host Analytics was rated #2 for organizations “Public/Private (Less Than $250 Million),” #3 overall for “Individual Business Units,” and #5 overall for organizations “Public/Private (Over $1 Billion),” the highest ranked of pure cloud-based CPM providers in that category.
Ventana Research gave Host Analytics the highest vendor rating and recognized it as a “Hot Vendor” in the Ventana Research Value Index report. Ventana Research also awarded the company with its “2015 Technology Innovation Award,” which distinguishes pioneers that have developed clear visionary and transformative technology. Moreover, The Silicon Review Magazine named Host Analytics one of the 50 Fastest Growing Tech Companies in the World, investment bank JMP Securities recently named the company on its list “Hot 100: The Best Privately Held Software Companies” for 2015, and Innovation Enterprise Group named Host Analytics Modeling as the “Best Financial Planning and Analysis Technology Tool.”
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About Host Analytics
Host Analytics is the leader in cloud-based enterprise performance management (EPM), offering a suite of financial applications for modeling, planning, consolidation, reporting and analytics. World-class companies like NEC, Burlington Coat Factory and Sanmina trust Host Analytics to power their strategic financial systems. Host Analytics is a fast-growing, private company backed by leading venture capitalists and is headquartered in Silicon Valley with customers in over 90 countries.
For more information about Host Analytics, please visit www.hostanalytics.com
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Jason “JT” Tidwell