Host Analytics Nets Additional $25 Million in Funding
Host Analytics has netted $25 million from investors to create a cloud based EPM software that is specifically tailored for financial applications. This suite will be suitable those looking to plan, consolidate and report financial analytics. With the additional $25 million in funding, Host Analytics now has claimed over $77 million in investor funding to date. With the $25 million investment in hand, Host Analytics looks to catapult itself to the forefront of the cloud based enterprise performance management niche.
Centerview Capital Technology joined in on the series E round of funding. Advanced Technology Ventures, Next World Capital and StarVest Partners also contributed to this $25M investment. A contingency upon this investment was that one of the founding partners of Centerview Capital named Ned Hooper would sit on the board of directors for Host Analytics, in which the company happily obliged.
Lance Walter, the CMO of Host Analytics, recently performed an interview with Talk in Cloud. In his interview, Walter mentioned, “Our business is extremely healthy, we’re growing quickly, and we have a great ‘tailwind’ because of the EPM market’s shift to the cloud; We think this funding puts us on a path to an amazing future and an incredible company.”
Walter goes on to say, “We did a lot in 2014 to ‘programmatize’ more aspects of our partner program, including rolling out technical bootcamps as well as formal ‘shadowing’ — when a trained but inexperienced consultant teams up on an implementation with an experienced technical mentor from our staff.” Walter continued, “As a result, we’ve seen a four-time increase in opportunities with partners which is very good for them and good for us. Next year, we’ll roll out formal partner certification, additional programs for joint marketing with partners, and a Worldwide Partner Summit.”
Walter concluded his interview with TC by mentioning that he was excited for what 2015 has to offer for Host Analytics.
