OneStream Software says Q3 a record

ROCHESTER—OneStream Software, the Rochester-based developer of corporate performance management software, announced it achieved record results in the quarter ended Sept. 30 in new sales and customer acquisition.

The privately held company didn’t disclose dollar figures, but said sales were up 160 percent from the same quarter in 2019. Company officials said the quarter included the addition of 60 new customers, including five with more than $1 million in annual recurring revenue.

New customers included Subway, Vima Foods, Downer Group, Camping World, and Ingram Micro.

Those additions bring OneStream’s global base to more than 570 customers, with over 100 new customers added in 2020 alone. To continue expanding its solution delivery capabilities to those customers, OneStream added more than 15 partners during the quarter, bringing its global ecosystem to over 200 partners.

“While the pandemic initially slowed some investment decisions earlier in the year, it has really evolved into a wake-up call for many organizations who have been reliant on spreadsheets or legacy applications for planning, reporting and analysis of their business,” said Tom Shea, CEO of OneStream Software. “As a result, we have seen increased demand for our unified, cloud-based platform to help organizations digitally transform critical finance processes, increase agility in planning and reporting, and help leaders gain better, faster insights into their business to support right-time decision making.”

OneStream Software can be deployed in the cloud or on premise, unifying and simplifying  financial consolidation, planning, reporting, analytics and financial data quality for organizations. The company has more than 500 employees and is backed by private equity investor KKR. More at www.onestreamsoftware.com.

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