Host Analytics, the leading specialist provider of connected financial planning and close solutions today, announced record sales results for its fourth quarter, 2018. During the quarter, Host Analytics saw increases across key sales metrics, building upon the strong momentum reported in the first half of 2018.
The success the company has seen during the past quarter represents significant growth compared to the same time period in 2017. The average deal size increased at a rate of more than 60 percent and net new logo’s increased by 70%. New customer acquisitions came from leading companies in their industry, including Peloton Interactive and American Express Global Business Travel. The growth that was achieved in the fourth quarter added to the momentum of the three preceding quarters. For the fiscal year 2018, the company achieved four consecutive record quarters with the highest annual recurring revenue and net new business bookings.
Host Analytics attributes the success of the quarter to investments made in the company’s products, as well as its sales organization, throughout the year. Over the past 18 months, Host Analytics has delivered more than 250 new features and enhancements to customers. The company’s latest product innovation, MyPlan, also helped drive both new customer sales and renewals from existing customers. As more companies recognize the need for operational alignment across budget owners, they are turning to MyPlan.
“The momentum Host realized in Q4 2018 reflects both the investments we’ve made in our products and the strength of the team we’ve assembled,” said Ron Baden, interim Chief Executive Officer at Host Analytics. “It shows that both new and current customers are excited about what we’re offering, and further proves the value our customers realize from using Host solutions. We couldn’t be prouder of our entire team, and we are excited to continue this momentum into 2019 and beyond.”
Host Analytics recently announced the completion of the company’s acquisition by Vector Capital. This acquisition will further support Host’s growth in the coming quarters.