OneStream Software Maintains 2023 Momentum with Strong Second Quarter Results
Summary
BIRMINGHAM, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions for advancing financial close, consolidation, reporting, planning and forecasting, announced that its Annual Recurring Revenue (ARR) increased over 40% year-over-year, surpassing $350 million in the second quarter ending June 30, 2023. Organizations are increasingly recognizing the transformative potential of these technologies in improving the speed and accuracy of their demand planning and sales forecasting,” said Tom Shea, CEO at OneStream Software. “OneStream empowers Finance and Line of Business leaders to leverage AI and ML capabilities, enabling their teams to achieve efficiency and precision in their planning and reporting processes on a single, unified platform that delivers near real-time insights into operational and financial data to support confident decision-making. The initial launch included solutions from five OneStream partners: AMCO, Black Diamond Advisory, Finit, Spaulding Ridge and Strategic IQ. We are excited to welcome Tim Minahan as our new Chief Marketing Officer, as his passion for technology-driven transformation and building and scaling platform businesses aligns perfectly with our mission and will further enhance our ability to deliver value to our customers and propel their successes to new heights.” OneStream received several industry recognitions as a leading provider of CPM solutions during the second quarter, including: • Named “Best MLOps Solution” for Sensible ML in the 2023 Artificial Intelligence Breakthrough Awards • Earned 47 top rankings and 41 leading positions in the BARC Planning Survey 23 • Recognized as a May 2023 Gartner® Peer Insights™ Customers’ Choice for Financial Planning Software • Named a Market Leader with a perfect recommend score in the 2023 Wisdom of Crowds® EPM Market Study by Dresner Advisory Services • Recognized as a Summer 2023 Leader for CPM Software by G2 OneStream will host its 2023 Splash EMEA User Conference & Partner Summit in Berlin from September 19 – 21 with in-person and virtual attendance options.