OneStream Surpasses $ 200 Million in Annual Revenue
BIRMINGHAM â OneStream Solutions, a developer of enterprise performance management software and services, announced that it achieved more than $ 200 million in annual recurring revenue, up 75% year-over-year, as of December 31st.
Officials said the company grew its customer base by 38% in 2021, now totaling more than 900 organizations globally. New clients signed in the fourth quarter included US General Services Administration, Thomson Reuters, Red Wing Shoe Co., Pella Corp. and Granite River Labs. OneStream also saw particularly strong growth in the Europe, Middle East and Asia region, with bookings in 2021 increasing by more than 200% year-over-year.
âOur sustained growth over the past year highlights the continued demand we see for organizations to digitally transform in order to streamline and modernize their complex financial processes,â said Tom Shea, CEO of OneStream. âAs organizations continue to navigate uncertainty over the coming year, finance leaders must have the tools and knowledge to become more efficient, add value and increase overall agility. of the company. “
OneStream added more than 300 new employees to its workforce in 2021, ending the year with more than 1,000 employees in 18 countries. In the fourth quarter of 2021, the company announced plans for a new headquarters in Birmingham with occupancy expected in early 2022, as well as further expansion in the Asia-Pacific region with a new office in Singapore announced in December.
âAs OneStream continues to grow, we maintain our commitment and mission to deliver 100% customer success. OneStream’s Intelligent Finance Platform enables 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 enables organizations navigate the uncertainty of today while planning for tomorrow, âsaid Craig Colby, president of OneStream.
OneStream plans to hold its Splash 2022 User Conference and Partner Summit in San Antonio, Texas, May 23-26. Registration opens January 25. For more information, visit the Event Home Page at splash.onestreamsoftware.com. Learn more about the company on www.onestream.com.