OneStream, a corporate performance management (CPM) solutions company based in Birmingham, announced it has achieved more than $200 million in annual recurring revenue, representing a 75 percent year-over-year growth as of Dec. 31.
“Our sustained growth over the past year highlights the continued demand we are seeing for organizations to digitally transform in order to streamline and modernize their complex financial processes,” says Tom Shea, CEO at OneStream.
“As organizations continue to navigate uncertainty in the year ahead, finance leaders must be armed with the tools and insights to drive efficiencies, add value and increase agility across the enterprise.”
The company increased its customer base by 38 precent in 2021, now totaling over 900 organizations globally. New customers signed in the fourth quarter include the U.S. General Services Administration, Thomson Reuters, Red Wing Shoe Co., Pella Corp., and Granite River Labs.
“As OneStream continues to grow, we stand by our commitment and mission to deliver 100 percent customer success,” says Craig Colby, president at OneStream. “OneStream’s Intelligent Finance platform allows organizations to replace legacy CPM applications such as Oracle Hyperion, SAP BPC, IBM Cognos and others as well as point solutions and spreadsheets with a unified, cloud solution that allows organizations to navigate the uncertainty of today while planning for tomorrow.”
The company has earned several industry recognitions over the course of the year that highlight the company’s leadership in providing CPM solutions, including four in Q4:
- Recognized as an exemplary vendor in the Ventana Research 2022 Value Index on Business Planning
- Ranked in Deloitte’s 2021 Technology Fast 500
- Named a winner of the Michigan Top Workplaces 2021 Award by Detroit Free Press
- Received highest rating in the Dresner Advisory 2021 Wisdom of Crowds Financial Consolidation, Close Management, and Financial Reporting Market Study
The company is planning to hold its 2022 Splash User Conference and Partner Summit in San Antonio, Texas from May 23 to 26. For more information, click here.
The company was featured in DBusiness magazine’s Jan./Feb. 2022 cover story “The Path to Gold,” about unicorn companies — or privately held startups valued at more than $1 billion — in Michigan and how the state can attract more.
To see the digital edition, click here.