Host Analytics Continues Company Momentum with Stellar First Quarter Sales Performance
REDWOOD CITY, Calif.–(BUSINESS WIRE)–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.
Contacts
Neil Torres
Blanc & Otus
415-856-5140
[email protected]
This article published with permission from Business Wire
