OneStream Software Exceeds 100% Revenue Growth in 2018

8th February 2019

OneStream Software LLC, a provider of cloud or on-premise Corporate Performance Management solutions for mid-sized to very large enterprises, achieved 137 percent year-over-year growth in software sales in 2018 and record profitability. Strong growth was driven by accelerated cloud adoption and an increase in businesses migrating from multiple legacy planning, financial consolidation and reporting or account reconciliation products to the OneStream SmartCPM™ platform.  More than 75 percent of new OneStream customers replaced one or more Oracle Hyperion, SAP, IBM or other products; in some cases, eliminating as many as a dozen legacy products by migrating to the unified OneStream platform.

 

 

 

“2018 was an unprecedented year for OneStream Software with record revenue, profit, new strategic partnerships, global expansion and the rapid delivery of several new business solutions through our innovative XF MarketPlace,” said Tom Shea, CEO of OneStream Software. “We’ve now delivered more than 50 solutions on our MarketPlace that our customers can download, configure and deploy – significantly accelerating the time to value for new or extended capabilities. The flexibility and scalability of our architecture continues to position OneStream as a true platform for the office of finance that allows for extended solutions above and beyond core financial consolidation, reporting and planning.”

 

OneStream added more than 120 new customers in 2018, bringing the total to more than 300. New customers added include: Herbalife, Toyota, McCain Foods, University of Cambridge, UPS®, Polaris, Sasol, and KLM; many of whom are deploying OneStream to thousands of users around the globe.

 

“Our customers want a platform that they can depend on to expand, extend and scale as their needs do, without the burden of reimplementation or migration that they’ve faced with their legacy solutions,” said Craig Colby, chief revenue officer.  “We developed OneStream XF and the XF MarketPlace with this in mind from the outset. Our incredible growth in 2018 and the success and satisfaction of our customers validate the business value of an extensible finance platform.”

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