|By Marketwired .||
|April 29, 2014 10:00 AM EDT||
REDWOOD CITY, CA -- (Marketwired) -- 04/29/14 -- Host Analytics, the leader in cloud-based Enterprise Performance Management (EPM), today announced that former Hyperion customers who have moved to cloud-based EPM from Host Analytics are saving more than $100 million by migrating off of Hyperion. The savings estimate is based on customer-provided data, industry analyst estimates, and internal TCO estimates, and assumes a 5-year lifecycle that is typical for on-premises EPM applications.
When choosing EPM solutions, many organizations only consider the up-front costs of software licenses as well as training and implementation services. However, they initially overlook the significant ongoing ownership costs associated with on-premises alternatives.
Those costs are driven by numerous factors including:
- Complex scripting and customization
- Administrative support staff in the form of IT staff, Finance department admins, or outside consultants
- Implementing major feature upgrades
- Applying software patches
- Data center operating costs including facilities, power, cooling and disaster recovery
- Hardware costs for development, test/training, production, and backup environments
- Internal help desk support
- Incremental storage as data volumes grow
- Software maintenance fees
- Ongoing performance tuning
Especially in larger organizations with sophisticated needs and bigger user populations, these costs add up quickly, creating a strong financial incentive to explore alternatives. This is also why leading organizations like Earthlink, Quicklogic, Sanmina, SkyHawke Technologies, Wind River Holdings, Zep, and many others have migrated to EPM in the Cloud with Host Analytics. In fact, customers of Host Analytics who switched from Oracle-Hyperion have average annual revenues of nearly $6B USD. One very large organization's own internal model projected more than $9M in incremental total ownership costs to stay with Hyperion for another 4 years, mostly driven by the consulting expense of complex, disruptive, on-premises software upgrades.
"Today, finance departments are challenged to play a more strategic role in their company. This means shifting the focus from executing rote tasks to providing greater analytical and forward-looking support to other areas of the organization," said Rob Kugel, Senior Vice President and Research Director at Ventana Research. "Cloud computing is gaining increasing acceptance from finance professionals because it can offer faster time-to-value and have a total lower cost of ownership compared to an on-premises alternative."
Even Oracle has publicly recognized this trend, stating that "In conversations with CFOs, some of the reasons they cite in favor of cloud-based finance systems include the resource allocation flexibility that comes with avoiding large upfront investments, the ability to avoid fixed capital investments during periods of corporate or economic uncertainty, and timely access to the latest software capabilities."(1)
Organizations aren't turning to Host Analytics Cloud EPM Suite for cost savings alone. They frequently cite the application's ability to handle their complex accounting and financial needs as well as the increased business agility and flexibility made possible by Host Analytics' cloud-based delivery model. Oracle has also recognized the improved adoption and collaboration offered by cloud-based EPM applications, stating that "Gaining the input and intelligence of line of business managers becomes much more feasible with a cloud-based model that can be easily and flexibly rolled out across the organization."(1)
"Pretty much everyone -- now even including Oracle -- has recognized that EPM buyers increasingly prefer the Cloud," said Dave Kellogg, CEO at Host Analytics. "Those buyers are turning to Host Analytics to get the same or better robust EPM functionality they love, but at a fraction of the cost of traditional on-premises EPM systems like Hyperion. What's more, when turning to Host Analytics they get both a true multi-tenant Cloud architecture that maximizes agility as well as a true Cloud business model that aligns vendor and customer interests."
To learn more about Host Analytics Hyperion Migration Program, please visit http://info.hostanalytics.com/hyperion-migration-overview.html
Follow @host_analytics on Twitter and suggested Tweet:
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
Become a fan of Host Analytics on Facebook: https://www.facebook.com/HostAnalyticsInc
Follow Host Analytics on LinkedIn http://www.linkedin.com/company/host-analytics-inc.
Follow @host_analytics on Twitter
(1) "Accelerating EPM Deployment with Planning in the Cloud," Oracle Corp., February 2014, http://www.oracle.com/webapps/dialogue/ns/dlgwelcome.jsp?p_ext=Y&p_dlg_id=15229333&src=7903135&Act=12
Entuity®, a provider of enterprise-class network management solutions, today announced that it solidifies its position as a market leader through global enterprise customer acquisitions and a refined channel strategy. In 2014, Entuity increased new license revenues in EMEA by over 75 percent, and LATAM by over 125 percent as customers embraced Entuity for its highly automated solution and unified architecture. Entuity’s refined channel strategy focuses on even deeper strategic alignment with ke...
Feb. 1, 2015 05:00 PM EST Reads: 852
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Feb. 1, 2015 04:15 PM EST Reads: 3,289
We are all here because we are sold on the transformative promise of The Cloud. But what good is all of this ephemeral, on-demand infrastructure if your usage doesn't actually improve the agility and speed of your business? How must Operations adapt in order to avoid stifling your Cloud initiative? In his session at DevOps Summit, Damon Edwards, co-founder and managing partner of the DTO Solutions, will highlight the successful organizational, process, and tooling patterns of high-performing c...
Feb. 1, 2015 04:15 PM EST Reads: 3,064
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the ...
Feb. 1, 2015 03:45 PM EST Reads: 3,197
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 02:45 PM EST Reads: 2,650
At 15th Cloud Expo, Shrikant Pattathil, Executive Vice President at Harbinger Systems, demos a video delivery platform that helps you do interactive videos. He discusses how Harbinger is accomplishing it in the cloud world, the problems they faced and the choices they made to get around these problems.
Feb. 1, 2015 02:45 PM EST Reads: 1,781
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 02:30 PM EST Reads: 2,806
CloudBees, Inc., has announced a $23.5 million financing round, led by longtime CloudBees investor Lightspeed Venture Partners. Existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated in the round. The latest funding announcement follows earlier rounds of $4 million, $10.5 million and $10.8 million, bringing the total investment in CloudBees to just under $50 million since the company’s inception in 2010. Previous venture investment rounds were led by Ma...
Feb. 1, 2015 02:00 PM EST Reads: 1,084
AppDynamics, the application intelligence leader for software-defined businesses, announced the general availability of the AppDynamics Fall '14 Release. Serving the combined needs of IT and business teams across the enterprise, the latest release provides a comprehensive view across all aspects of digital performance in ultra large scale deployments. AppDynamics delivers Application Intelligence by building out advanced capabilities across the key areas of analytics, unified monitoring and D...
Feb. 1, 2015 02:00 PM EST Reads: 2,114
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the tec...
Feb. 1, 2015 01:45 PM EST Reads: 2,487
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise be...
Feb. 1, 2015 01:45 PM EST Reads: 2,022
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
Feb. 1, 2015 01:30 PM EST Reads: 2,388
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Feb. 1, 2015 01:15 PM EST Reads: 2,806
Software AG and Wipro Ltd. have announced a joint solution platform for streaming analytics that provides real-time actionable intelligence for the Internet of Things (IoT) market. “The key to successfully addressing the IoT market is the ability to rapidly build and evolve apps that tap into, analyze and make smart decisions on fast, big data”, said John Bates, Global Head of Industry Solutions and CMO, Software AG. To address the huge market potential created by streaming analytics in conj...
Feb. 1, 2015 01:00 PM EST Reads: 1,226
Appcore deploys cloud for service providers based on the Apache Cloud set. In this demo at 15th Cloud Expo, Nate Gordon, Director of Technology at Appcore, shows their new product that's coming out in January - Appcore Atlas, which is focused on deploying private clouds based on CloudStack in 15 minutes or less. Our upcoming June 9-11, 2015, event in New York City will present a total of 10 simultaneous tracks (the largest conference content in the world) by an all-star faculty, over three days...
Feb. 1, 2015 01:00 PM EST Reads: 1,647