REDWOOD CITY, CA--(Marketwire - July 28, 2010) - Host Analytics, the leading provider of on-demand corporate performance management (CPM) solutions, today announced a fourth consecutive record quarter in bookings, a 375 percent increase in fiscal Q2 2010 over Q2 2009, as well as unprecedented customer and partner growth. During the second quarter, the privately held company also closed $15 million in Series C funding, led by Next World Capital, increased its workforce by one third year on year, and expanded into significantly larger corporate headquarters.
"With the importance of keeping company performance in check, there is a constant burden on the shoulders of executives when it comes to budgeting and finance," said Jon Kondo, CEO at Host Analytics. "Left to traditional means of tracking and spreadsheets, poor planning creates a void that can quietly eat away at a company from the inside. Our growth in this second quarter is continued validation that solving these issues is top of mind for businesses, as they begin to come up for air from the recession. That demand, coupled with the ever-increasing interest in cloud based enterprise class applications has been a driving force behind our record growth. Our approach has struck a chord across industries, made evident by the continuous demand for our solutions during this quarter."
Customer, Ecosystem and Corporate Growth Milestones
During the second quarter of 2010, Host Analytics:
- Signed significant new customer deals, including industry leaders in retail, healthcare, finance and broadcast media, doubling its annual growth rate as compared to last year. New customers include Schumacher, Planar Systems, Rules Based Medicine and many more.
- Grew employee count by over one third year on year, adding new industry leaders to its ranks, including a vice president of sales and a director of channels and alliances.
- Opened doors in new, expanded Redwood City headquarters to accommodate growth and new state-of-the-art training facilities for future product releases planned in 2010.
- Added more than 20 major partners compared to the same period last year.
More than 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:
Dave Struzzi
Kulesa Faul for Host Analytics
(212) 228-7972