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Host Analytics, the Silicon Valley-based enterprise performance management (EPM), will invest $10 million in its India arm.
“We will double our workforce from 80 to 160 in the next three years as we infuse our investments,” Dave Kellogg, Chief Executive Officer of Host Analytics, said.
The company, which offers EPM solutions over the cloud, runs a research and development centre here. Its offerings cover financial applications for planning, consolidation, reporting and analytics.
The privately-held firm closed a $17-million venture capital fund from Advanced Technology Ventures, Trident Capital, StarVest partners and Next World Capital.
Addressing a press conference here, he said the global spending on software-as-a-service (SaaS) would grow by 18 per cent to $14.5 billion.
He said the penetration of the cloud was low globally and in India.
The company appointed Anurag Garg as the General manager of the R&D centre here.
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