From the Wires
Host Analytics Positioned in the 'Visionaries' Quadrant of the 2013 Magic Quadrant for Corporate Performance Management Suites
By: Marketwired .
Feb. 20, 2013 02:00 PM
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.
For a complimentary copy of the report, please visit http://ow.ly/hJqb7
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
For more information about Host Analytics, please visit www.hostanalytics.com
(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].
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