Host Analytics completes series B financing
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Host Analytics completes series B financing
Redwood City: Host Analytics, a SaaS corporate performance management (CPM) vendor, has completed an up-round series B financing. The company will use the new resources to accelerate recent momentum. The company is planning to expand its product suite and will implement aggressive new sales and marketing programs that solidify its position as a SaaS market leader among midmarket companies and large enterprises. Existing Host Analytics' investors Advanced Technology Ventures (ATV) and Trident Capital participated in the new round by StarVest Partners, whose previous investments include NetSuite and MessageOne, which was acquired Dell Computer. In conjunction, Deborah A. Farrington, General Partner with StarVest Partners, will join Host Analytics' board of directors. A 30-year veteran in financial services with deep experience in SaaS, Farrington spearheaded the first institutional investment round in NetSuite, leading to its $1.6 billion IPO in 2007. Despite difficult economic conditions, Host Analytics has more than 8,000 active paying users and is consistently winning business over larger vendors like SAP and Oracle. Host Analytics is also experiencing the growing interest and success replacing business budget and planning systems built with Microsoft Excel. Mid-market and large enterprises are choosing Host Analytics because it has the most mature and comprehensive SaaS CPM suite on the market. Since 2000, the company has delivered 16 major product releases and is the only SaaS vendor to offer an integrated suite of budgeting, revenue planning, financial consolidation and balanced scorecard solutions.

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