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Host Analytics - Leading On-Shoring Resurgence

11/10/08

Host Analytics Leading On-Shoring Resurgence Among U.S. Tech Firms

Posted 31 October 2008 @ 07:00 am EST


REDWOOD CITY, CA -- (Marketwire) -- 10/31/08 -- Breaking with recent tradition, HostAnalytics, a leader in on-demand financial and corporate performancemanagement (CPM), today announced stepped-up efforts to recruit and hirenew employees who are based in the United States, and who reside insmaller, often overlooked, domestic labor markets. Entwined with a plan tobring highly skilled technical talent into the organization, Host Analyticshas focused attention on Midwestern U.S. cities including St. Louis,Missouri, where the company already has added significant sales, marketingand management staff. More recently, Host Analytics opened a professionalservices and customer support center in Ponca City, Oklahoma. With theweakened US dollar exchange rate, an increased focus by Midwestern schoolslike Oklahoma State University to train highly skilled technology andbusiness professionals, and the increasing cost and competition found intraditional outsourcing centers, on-shoring is becoming an attractivealternative to companies like Host Analytics.

"While conventional wisdom suggests tech firms will save money byoff-shoring, we are finding that is no longer always the case," said Jon Kondo, CEO, Host Analytics. "Much of the cost benefit previously associated with off-shoring is being offset by changing financial conditions in the U.S. and developing countries. And while larger U.S.professional centers attract significant technical talent, competition among firms to retain their services is steep and costly. Alternatively,we have found considerable and highly qualified resources in rural American towns. By targeting these communities we've been able to grow our businessand keep costs down, while avoiding the management and communications difficulties inherent to off-shoring."

An article in the September 2008 issue of The McKinsey Quarterly states that rising wages and increasing oil prices in developing countries arelimiting the financial advantages of off-shoring. Meanwhile, the cost of hiring quality labor in smaller U.S. markets has never been more affordable. Seizing on the opportunity to lead resurgence in on-shoring among U.S. tech companies, Host Analytics is actively engaging city and state government agencies as well as regional recruitment firms with ties into local IT services organizations.

"Host Analytics has precisely the corporate mindset and forward thinkingleadership that Oklahoma needs to serve its people with jobs tailored totheir future and Oklahoma's growth," said Brad Henry, governor of Oklahoma.

Host Analytics is experiencing great results with their customer service center in Ponca City, Oklahoma and is serving as a reference for other firms looking for these same benefits by locating there.

About Host Analytics

Host Analytics is the leading provider of on-demand corporate and financial performance management solutions. Host Analytics' solutions help financial,line of business and departmental executives improve their budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis. Host Analytics delivers its suite of corporate performance management solutions via the Software as aService (SaaS) model. Host Analytics, a pioneer in providingcomprehensive and easy to use CPM solutions, was founded in 2000 andexpanded its SaaS offering in 2005 to include a complete suite of CPMsolutions.

Host Analytics helps organizations streamline the performance management process, align the planning process with business strategy and effectivelymeasure performance and manage change. As a SaaS delivered solution, HostAnalytics customers realize fast time to value through quick implementationof solutions, the highest levels of user adoption, effective empowerment of business users and a continuous flow of Host Analytics provided solution innovations and improvements.

Host Analytics serves the enterprise, large and midsized company and publicsector markets including industry leading companies like JP Morgan Chase, Procter & Gamble, Otis Spunkmeyer, Pitney Bowes, and Nortel Networks. HostAnalytics was included in JMP Securities' prestigious "Hot 100: The BestPrivately Held Software Companies." For additional information, visithttp://www.hostanalytics.com/ or call (314) 588-2121.

© 2008 Host Analytics Incorporated. All rights reserved. All trademarksare the property of their respective owners.

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Company Contact:Gary DamianoHost Analytics314-588-2121 Ext 413Email Contact