Host Analytics Positioned in the ‘Visionaries’ Quadrant of the 2014 Magic Quadrant for Corporate Performance Management Suites

Redwood City, CA – March 21, 2014 –

Host Analytics, the leader in cloud-based enterprise performance management (EPM), today announced that it has been positioned by Gartner, Inc. in the Visionaries quadrant of the 2014 Magic Quadrant for Corporate Performance Management (CPM) Suites.[1]

Having evaluated 16 different software vendors across multiple areas of functionality, Gartner analysts placed Host Analytics in the Visionaries quadrant based on the company’s ability to execute and on its completeness of vision. This is the fifth year in a row that Host Analytics has been recognized in the Gartner Magic Quadrant for CPM Suites and the 2nd consecutive year being positioned in the Visionaries quadrant.

For a complimentary copy of the report, please visit http://ow.ly/uNakK

With regard to the business drivers of CPM initiatives, Gartner states that “Corporate performance management suites facilitate efficient, compliant and transparent processes within the office of finance. They enable CFOs and other business leaders to effectively guide strategic direction and increase organizational agility.”

With respect to cloud-based CPM deployments, the report adds that “This Magic Quadrant highlights capabilities in three primary areas of market evolution. In order of importance, they are the vendor’s ability to provide a viable cloud-based (preferably multitenant SaaS) offering and demonstrate its ability to support cloud users. As the traction for cloud based CPM solutions accelerates, this becomes increasingly important.” [2]

“CPM customers have spoken. The Cloud is the inevitable future of the CPM market,” said Dave Kellogg, CEO of Host Analytics. “The megavendors are trying to catch up by offering some hosted applications, but we believe that will never deliver the same customer success as Host Analytics’ multi-tenant platform and our cloud-based business model.”

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About Host Analytics
Host Analytics is the leader in cloud-based financial applications for planningconsolidationreporting and analytics. Host Analytics enterprise performance management (EPM) customers benefit from improved business agility, improved security, and lower overall cost compared to legacy on-premises alternatives. World-class companies like NEC, Burlington Coat Factory, and Crocs trust Host Analytics to power their strategic financial processes. Host Analytics is a fast-growing, private company backed by leading venture capitalists and is headquartered in Silicon Valley with offices around the globe.

For more information about Host Analytics, please visit www.hostanalytics.com

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Disclaimer:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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For more information, contact:
Tony Keller
SS|PR
312-750-0858
tkeller@sspr.com

 

[1] Gartner “Magic Quadrant for Corporate Performance Management Suites, 2014” by Christopher Iervolino, John E. Van Decker, Neil Chandler, 19 March 2014.

[2] Gartner “Magic Quadrant for Corporate Performance Management Suites, 2014” by Christopher Iervolino, John E. Van Decker, Neil Chandler, 19 March 2014.

 

 

 

About Host Analytics

Host Analytics is the industry’s leading innovator of cloud-based Enterprise Performance Management Solutions, (EPM). Companies of all sizes, from $10 million startups to $50 billion multi-nationals, rely on Host Analytics to provide industry leadership in the areas of financial planning, budgeting, modeling, consolidations, and reporting. More than 700 customers in 90 countries including Bose, Boston Red Sox, FitBit, La-Z-Boy, Mayo Clinic, NPR, OpenTable, Peet’s Coffee & Tea, Pinterest, Swissport, and Vitamin Shoppe have subscribed to Host Analytics to help them drive revenue and margin growth. Host Analytics is a private company backed by leading venture capitalists and is headquartered in Silicon Valley.