Rochester’s OneStream Posts $250M in Revenue, 100+ New Customers in First Half

OneStream Software in Rochester increased its revenue by 60 percent in the second quarter year-over-year. // Courtesy of OneStream Software
OneStream Software in Rochester increased its revenue by 60 percent in the second quarter year-over-year. // Courtesy of OneStream Software

OneStream Software, a corporate performance management (CPM) solutions company based in Rochester, has announced its annual recurring revenue in the second quarter (Q2) of 2022 exceeded $250 million, a 60 percent year-over-year increase.

The company increased its customer base by more than 100 new customers in the first half of the year to over 1,000 globally. New customers signed in Q2 include Ceridian, Comcast Corp., DexKo Global, Flexjet, Grupo Salinas, Mondiale VGL, Quala, Samskip, the U.S. Department of State, U.S. Digestive Health, and the U.S. Special Operations Command and Velocity Vehicle Group.

“We continue to see strong market demand as finance leaders face unique business challenges in today’s turbulent economy,” says Tom Shea, CEO of OneStream. “As businesses continue to turn to OneStream to streamline complex financial processes, our sustained growth reinforces the value, support, and satisfaction our customers gain from using the platform. Our unified and extensible platform helps finance leaders gain increased visibility across the enterprise and drive informed decision-making at the speed of business.”

OneStream’s headcount continues to grow globally, the company hired more than 100 new employees in the second quarter reaching a total headcount of over 1,100 employees across 18 countries.

OneStream also added several partners internationally, including KPMG Australia and PwC Switzerland. The company continues to expand its global footprint, with plans to officially open its new headquarters facility in Birmingham in the third quarter of 2022.

In May, OneStream hosted its Splash 2022 User Conference and Partner Summit in San Antonio, Tex. During the conference’s keynote session, Craig Colby, president of OneStream, announced the limited general release of the company’s Sensible ML solution.

Sensible ML unleashes the power of artificial intelligence (AI) and machine learning (ML) across the enterprise directly within the OneStream platform without the need for dedicated data scientists or additional software.

“We are honored to celebrate the milestone of signing our 1,000th customer in the second quarter and remain focused on partnering with organizations to drive digital transformation and agile decision-making by replacing spreadsheets, cloud-point solutions and multiple legacy CPM applications,” says Craig Colby.

“As finance leaders continue to navigate a rapidly changing business environment, our unified, extensible platform and MarketPlace solutions provide the data, insights, and agility for enterprises to pivot quickly and intelligently.”

OneStream received several industry recognitions as a leading provider of CPM solutions in Q2, including 15 top rankings, 33 leading positions, and a 100 percent recommend score in the 2022 BARC Planning Survey.

It was named an overall leader in both customer experience and vendor credibility for the fifth consecutive year with a perfect ‘5-out-of-5’ recommend score in the 2022 Wisdom of Crowds Enterprise Performance Management Market Study by Dresner Advisory Services.

It achieved an overall “Excellent” customer satisfaction rating of 4.7 out of 5 and several top rankings in the 2022 BPM Pulse Awards and was recognized as the winner of the Ventana Research Digital Innovation Award in the office of finance category for its Sensible ML solution

The company will host its 2022 OneStream Splash EMEA conference in Paris from September 14-16 with in-person and virtual attendance options. For more information, click here.

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