OneStream Software Exceeds 100% Revenue Growth in 2018 Fueled by Strong Cloud Adoption and Legacy Replacements in Large Enterprises
Summary
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. 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.” 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. The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations.