REDWOOD CITY, CA -- (Marketwire) -- 02/20/13 -- Host Analytics, the leader in cloud-based financial applications including planning, consolidation, reporting and analytics, today announced it has been positioned by Gartner, Inc. in the Visionaries quadrant of the 2013 Magic Quadrant for Corporate Performance Management (CPM) Suites.(i) The report recognized Host Analytics as the only vendor in this Magic Quadrant to offer a cloud-based CPM suite that is built from the ground up as a multitenant SaaS solution. Having evaluated 26 different software vendors across multiple areas of functionality, Gartner analysts placed Host Analytics in the Visionaries quadrant based on its ability to execute and on its completeness of vision.
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With regard to the business drivers of CPM initiatives, Gartner states that "Corporate performance management supports cost optimization and growth initiatives. CPM is a suitable fit for nearly all organizations, and should be a priority initiative for CFOs to enable the finance functions necessary to deliver short- and long-term strategic benefits to the business." With respect to cloud-based CPM deployments, the report adds that "There has been increased traction for SaaS-based CPM applications within midmarket organizations and, more recently, for larger, Tier 1 organizations. Gartner expects this trend to continue, and has elevated the importance of CPM cloud capabilities for CPM suite vendors."(ii)
"The cloud continues to transform and improve the way business is done today. We believe the inclusion of Host Analytics as the only cloud-based CPM Suite in this year's Magic Quadrant is further proof that cloud technologies are having a growing and increasingly positive impact on the office of finance," said Dave Kellogg, CEO of Host Analytics. "Our rapid growth, high customer satisfaction, and complete, cloud-based enterprise CPM suite give us to opportunity to do for the CPM market what Salesforce did for CRM and Workday did for ERP."
Recognized for its ability to provide significant value to its customers, Host Analytics provides the industry's only cloud-based suite of EPM applications, including planning, consolidation, reporting, and analytics. With the Host Analytics EPM suite, customers can deploy faster, with increased security, at a fraction of the total cost of ownership compared to traditional on-premise alternatives.
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About Host Analytics
Host Analytics is the leader in cloud-based financial applications for planning, consolidation, reporting and analytics. Host Analytics Enterprise Performance Management (EPM) customers benefit from better business agility, lower total cost of ownership, faster time to value, increased security, and a faster pace of innovation compared to traditional on-premises alternatives. World-class companies like AT&T, NEC, Burlington Coat Factory, WD-40, and Time Warner Cable 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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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.
(i) Gartner "Magic Quadrant for Corporate Performance Management Suites, 2013" by Christopher Iervolino, John E. Van Decker, Neil Chandler, [02/14/2013].
(ii) Gartner "Magic Quadrant for Corporate Performance Management Suites, 2013" by Christopher Iervolino, John E. Van Decker, Neil Chandler, [02/14/2013].