|By Marketwired .||
|March 21, 2014 12:17 PM EDT||
REDWOOD CITY, CA -- (Marketwired) -- 03/21/14 -- Host Analytics, the leader in cloud-based Enterprise Performance Management (EPM), today announced that it has been positioned by Gartner, Inc. in the Visionaries quadrant of the 2014 Magic Quadrant for Corporate Performance Management (CPM) Suites.(i) Having evaluated 16 different software vendors across multiple areas of functionality, Gartner analysts placed Host Analytics in the Visionaries quadrant based on the company's ability to execute and on its completeness of vision. This is the fifth year in a row that Host Analytics has been recognized on the Gartner Magic Quadrant for CPM Suites and the 2nd consecutive year being positioned in the Visionaries quadrant.
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With regard to the business drivers of CPM initiatives, Gartner states that "Corporate performance management suites facilitate efficient, compliant and transparent processes within the office of finance. They enable CFOs and other business leaders to effectively guide strategic direction and increase organizational agility."
With respect to cloud-based CPM deployments, the report adds that "This Magic Quadrant highlights capabilities in three primary areas of market evolution. In order of importance, they are the vendor's ability to provide a viable cloud-based (preferably multitenant SaaS) offering and demonstrate its ability to support cloud users. As the traction for cloud based CPM solutions accelerates, this becomes increasingly important."(ii)
"CPM customers have spoken. The Cloud is the inevitable future of the CPM market," said Dave Kellogg, CEO of Host Analytics. "The megavendors are trying to catch up by offering some hosted applications, but we believe that will never deliver the same customer success as Host Analytics' multi-tenant platform and our cloud-based business model."
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About Host Analytics, Inc.
Host Analytics is the leader in cloud-based financial applications for planning, close management, reporting, and analytics. Host Analytics Enterprise Performance Management (EPM) customers benefit from improved 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 NEC, Burlington Coat Factory, and Sanmina 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, 2014" by Christopher Iervolino, John E. Van Decker, Neil Chandler, 19 March 2014.
(ii) Gartner "Magic Quadrant for Corporate Performance Management Suites, 2014" by Christopher Iervolino, John E. Van Decker, Neil Chandler, 19 March 2014.