Host Analytics, a leading provider of cloud-based EPM solutions has confirmed an agreement to be acquired by a major private equity firm, Vector Capital.

The business focuses on transformational investments across technology companies. Within the agreement, StarVest Partners, the biggest shareholder in Host Analytics will remain a major investor in the business.

Dave Kellogg, the chief executive of Host Analytics explained to media that they are very excited to be collaborating with Vector Capital and enhancing their potential growth within the continued expanding EPM market. Kellogg emphasises that Vector Capital offers a range of financial and operational resources, along with an expert team that offers an experienced track record and an innovative plan to progress the business further forward.

David Fishman, the managing director at Vector Capital explains that Host Analytics provides a combination of innovative products, an experienced and skilled workforce and a range of leading blue-chip customers, providing an ideal platform for future development. Fishman highlights how impressed by the strong business focus of Host Analytics and is impressed by the planned product roadmap.

Stephen Goodman, the vice president at Vector Capital stated that they believe Host Analytics is ideally positioned to gain from the range of opportunities within the cloud EPM marketplace. Goodman explains how excited they are to invest in Host Analytics to deliver new organic market opportunities and via new acquisitions.

Vector will provide the financial transaction from Vector Capital V, a fund valued at $1.4 billion raised in 2017 to invest specifically in technology companies within the software, internet, digital media and communications. Host Analytics will continue to maintain its main headquarters in California and will continue to offer leading EPM services to its customers worldwide.

Ray Wang, principal analyst and founder of Constellation Research explains that customers expect leading EPM businesses to offer new product innovation and growth. According to Wang, this acquisition will enable Host Analytics to acquire other vendors and continued to develop their capabilities for existing and new customers.

The proposed acquisition is due to close within the next few weeks, subject to confirmation from regulatory authorities. The overall agreement has already been approved by the Host Analytics board of directors.