Host Analytics, the leader in cloud-based enterprise performance management (EPM), today announced that it set records for new subscription sales and new customer wins in both the fourth quarter and the full year of 2015. The company also delivered breakneck growth in 2015 driving continued market share gains relative to both established EPM mega-vendors and most other cloud EPM vendors. In addition, the company reported that 2015 was a record year for Oracle Hyperion replacements.
“2015 was the tipping point year for cloud EPM,” said Dave Kellogg, CEO of Host Analytics. “Our record sales and strong growth result from the relentless execution of our up-market strategy along with our singular focus on delivering customer success. We put ourselves in the right position and now the market is coming to us.”
Host Analytics added numerous new customers during its fourth quarter, including: Assembled Brands, Biotechnology Innovation Organization, Bonobos, Emission Monitoring Service, Inc., HighWire Press Inc., Installed Building Products, ION Media Networks, Inc., Tri-Eagle Sales, and Wingstop.
“The Future of Finance” Conference and Tour
The company's “The Future of Finance” Conference and Tour hit 12 cities across the US and in Australia, with over 2,000 finance and technology thought-leaders signing up to learn how world-class organizations use Host Analytics to streamline processes, create greater business agility, and reunite finance and operations. For more details about upcoming Host Analytics events and seminars in 2016, please visit here.
Last quarter, Blue Hill Research’s Chief Research Officer Hyoun Park highlighted Host Analytics for providing “a true cloud-based, enterprise-grade performance management solution” in a complimentary report available for download here. Ventana Research also added Host Analytics as a “Hot Vendor” in the Ventana Research Value Index report, and awarded the company with its 2015 Technology Innovation Award.
Growing Momentum in Australian Market
In the fourth quarter, Host Analytics and Inside Info, a business and finance analytics specialist, announced that together they have established a new data center in Sydney, Australia. The new center provides performance gains, and meets data jurisdiction requirements, for Australian Host Analytics customers. See CEO Dave Kellogg’s interview with Sky Business News in Sydney on the numerous benefits of the cloud and Host Analytics’ commitment to the Australian market.
Exodus from EPM On-Premises Solutions Continues in 2016
Host Analytics recently shared the findings of an annual survey by Radius Global Market Research that reports on the satisfaction levels of current users of financial solutions. The survey shows that 28 percent of respondents using legacy on-premises EPM solutions intend to make a switch to a new solution with the next 12 months. Additional highlights from the survey include:
- 65 percent of those currently using legacy on-premises EPM solutions plan to migrate away from the solution at some point.
- Legacy on-premises EPM solutions were rated below average for satisfaction and Net Promoter, and well below the cloud alternatives.
- The legacy on-premises EPM solutions scored below the category average for value, ease of use, and customer service.
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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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