Host Analytics Raises Series B
Summary
Host Analytics, the fastest-growing SaaS corporate performance management (CPM) vendor, today announced it has completed an up-round Series B financing that netted the company multiple millions of dollars in additional expansion capital. Existing Host Analytics’ investors Advanced Technology Ventures (ATV) and Trident Capital are joined in the new round by StarVest Partners, whose previous investment successes include NetSuite and MessageOne, which was acquired Dell Computer. She ranks among the top venture capitalists on the “Forbes Midas List.” “Based on our experience in building leading SaaS companies, Host Analytics meets StarVest’s criteria for a superb investment,” said Ms. Farrington. It has a great value proposition for the customer: with its reasonable annual cost and sophisticated application, it has the opportunity to be a truly disruptive technology — expanding the market by offering a high-quality product at a much lower price than existing on-premise solutions. 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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