Host
Analytics, the leading provider of connected financial planning and
close solutions, today announced exceptional business growth for its
first fiscal quarter of 2019. Subscription bookings, average selling
price, and additional revenue-based targets all increased by more than
30% in the quarter over the previous fiscal year. This follows a vibrant
2018 and continues the company’s strong momentum, with key financial
indicators increasing in each of the past five consecutive quarters.
This relentless and uninterrupted pace further reinforces confidence in
the growth strategy put in place by the leadership team at Host
Analytics.
“We are excited to have achieved yet another quarter of outstanding
growth from both new and existing customers,” said Ron Baden, Interim
CEO, Host Analytics. “Modern finance teams are quickly becoming the
strategic center of their organizations. Those who are taking a
finance-driven approach to transformation are turning to Host to help
them lead the evolution of finance. For our existing customers, we’re
proud to continue delivering exceptional value, insights, and efficiency
to their financial planning and close processes.”
Product innovation, customer success, and supporting the evolution of
finance continue to underpin the company’s sustained growth. Over the
past 18 months, Host Analytics has delivered more than 250 product
features and enhancements to customers. The company’s market-leading
products, including their recent innovation, MyPlan,
also attributed to net new customer acquisitions and robust renewals
from existing customers.
Also during the first quarter of 2019, Host Analytics was named to the
prestigious Constellation
Research ShortList™ for Cloud-Based Performance Management. This
recognition highlights the company’s commitment to a Cloud-based
Performance Management portfolio and reinforces the position and
strength of Host Analytics in the EPM market.
“Disruptive times call for agile business planning,” said Doug Henschen,
Vice President, Principal Analyst, Constellation Research. “When
companies need to innovate or respond to change, they need visibility
into business conditions and solid planning and forecasting. Leading
offerings provide agile financial and operational planning and what-if
analysis capabilities needed to test new business models, gauge the
impact of new products and services, and respond to fast-changing market
conditions.”
The continuing growth and numerous industry accolades precede the
company’s upcoming user conference, Perform 2019, where Host Analytics
customers will learn through best practices how to leverage technology
to become the strategic center of their organization. Click
here for more information or to register for Perform 2019.
To learn more about Host Analytics, read the Host
Analytics Blog or join the conversation on LinkedIn,
Twitter,
or Facebook.
About Host Analytics
Host Analytics is the leading specialist provider of cloud-based
connected financial planning and close solutions. Built with financial
expertise and a dedication to customer success, Host Analytics meets the
needs of finance and accounting teams and helps them to evolve as
business conditions change. More than 800 customers including Bose,
Boston Red Sox, Evernote, Overstock.com, Peet’s Coffee & Tea, Pinterest,
and Zillow rely on Host Analytics for planning, budgeting, modeling,
consolidations and reporting. Host Analytics is a private company backed
by Vector Capital, a leading global private equity firm specializing in
transformational investments in established technology businesses.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190411005601/en/