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Host Analytics Reports Fourth Consecutive Record Quarter Fueled by Customer and Partner Growth

7/28/2010 12:00:00 AM

CPM Company’s Success Attracts $15M in Series C Funding, New Talent and Customer Wins

Media Contact:
Dave Struzzi
Kulesa Faul for Host Analytics
(212) 228-7972
dave@kulesafaul.com

 

REDWOOD CITY, CA – 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.