Host Analytics Scores More Funding

SaaS CPM vendor Host Analytics for business financial forecasting addressing middle business to enterprise, just raised a B round netting an undisclosed "multiple millions".

From the Press Release:
"Despite difficult economic conditions, Host Analytics is growing rapidly. The company 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 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."

Great to see the comment on replacing Microsoft Excel for some planning systems. As more and more SaaS solutions become available for so many different niches, I wonder how much longer it will be until it's relegated to the sidelines for small and medium businesses..