REDWOOD CITY, CA — (Marketwired) — 04/06/15 — , the leader in cloud-based (EPM), today announced that it has been positioned by Gartner, Inc. in the Visionaries quadrant of the 2015 Magic Quadrant for Corporate Performance Management (CPM) Suites.(i) Having evaluated 17 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 sixth year in a row that Host Analytics has been recognized in the Gartner Magic Quadrant for CPM Suites and the third consecutive year being positioned in the Visionaries quadrant.
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In referencing the business value of CPM deployments, the report states that “Corporate performance management suites facilitate efficient, compliant and transparent processes within the office of finance. They also enable CFOs and other business leaders to manage organizational performance and guide strategic direction.”(ii)
With respect to cloud-based CPM deployments, the report adds that “This Magic Quadrant stresses capabilities in three primary areas of market evolution. The first is the cloud. The CPM suite market is shifting towards cloud based solutions that deliver a shorter time to value and improved ease of use. The ability to provide cloud based solutions and vendor experience with supporting these solutions factored heavily into this market study.”(iii)
“The time is now for the cloud in EPM,” said Dave Kellogg, CEO of Host Analytics. “Finance organizations are voting with their dollars for cloud solutions. Our cloud business model aligns our interest with theirs over the short- and long-term so we can make sure they–re successful when they make what is now an inevitable leap to the cloud for EPM.”
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Host Analytics is the leader in cloud-based enterprise performance management (EPM), offering a suite of financial applications for planning, consolidation, reporting, and analytics. World-class companies like NEC, Burlington Coat Factory, and Sanmina trust Host Analytics to power their strategic financial systems. Host Analytics is a fast-growing, private company backed by leading venture capitalists and is headquartered in Silicon Valley with customers in over 80 countries.
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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 or other designation. 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, 2015” by Christopher Iervolino, John E. Van Decker, April 2, 2015.
(ii) Gartner “Magic Quadrant for Corporate Performance Management Suites, 2015” by Christopher Iervolino, John E. Van Decker, April 2, 2015.
(iii) Gartner “Magic Quadrant for Corporate Performance Management Suites, 2015” by Christopher Iervolino, John E. Van Decker, April 2, 2015.
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