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Host Analytics Announces Impressive Growth in SaaS CPM in 2010

By Rajani Baburajan
TMCnet Contributor

Host Analytics, a provider of on-demand corporate performance management (CPM) solutions, announced a record fourth quarter with double the bookings in Q4 2010 over Q4 2009, and 56 percent growth in bookings quarter over quarter.

It was the sixth consecutive record-breaking quarter for the company. In Q4 2010, Host Analytics signed new customers such as Ferrotec, Gaco Western, LumaSense, XIOLINK and The University of Washington.

The year 2010 was a remarkable year for Host Analytics, according to company officials. The company won Ventana Research Leadership Award 2010 recognizing Host Analytics' customer Thule for best practices in financial analytics and performance. Host Analytics expanded its reach by adding new consulting partners, including Trikon Teknology Chicago and Capiotech (part of the ASG Group) in APAC.

Thanks to the increasing SaaS (News - Alert) adoption, the company added about 200 enterprise customers in 2010, added new products to market, got strong industry validation, got additional funding, a bench of executive talent and a move to larger headquarters to accommodate the company's growth.

“We are getting out of 2010 what we put into it,’ said Jon Kondo, CEO at Host Analytics, in a statement. “I am most pleased with the ever increasing rate of customer acquisition in our core markets proving that a world-class SaaS CPM solution can be delivered to a broad audience.”

“The market was better, yes, but we also put incredible resources behind improving our customer experience, investing in talent and delivering on technology and product innovation,” Kondo added. “In parallel, the growing acceptance of SaaS naturally seeped into finance and other executive departments at large global businesses creating a timely market opportunity for Host Analytics.”

The company is planning to deliver on its products and our promises in 2011.

In 2011, Host Analytics announced  it will serve as a primary sponsor for Proformative's “Financial Consolidations: Leveraging Technology to Optimize Results and Business Performance Visibility; and Managing through Metrics” seminars to be introduced this month and in June, respectively.

Host Analytics also serves as a key sponsor of the recently released Ask the Experts resource, which offers Proformative members the opportunity to ask in-depth questions to experts.

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