BIRMINGHAM—OneStream Solutions, developers of corporate performance management software and services, announced that it had achieved more than $200 million in annual recurring revenue, representing 75 percent year over year growth, as of Dec. 31.
Officials said the company increased its customer base by 38 percent in 2021, now totaling over 900 organizations globally. New customers signed in the fourth quarter included the U.S. General Services Administration, Thomson Reuters, Red Wing Shoe Co., Pella Corp. and Granite River Labs. OneStream also reported especially strong growth in the Europe, Middle East and Asia region as 2021 bookings grew over 200 percent year over year.
“Our sustained growth over the past year highlights the continued demand we are seeing for organizations to digitally transform in order to streamline and modernize their complex financial processes,” said Tom Shea, CEO at OneStream. “As organizations continue to navigate uncertainty in the year ahead, finance leaders must be armed with the tools and insights to drive efficiencies, add value and increase agility across the enterprise.”
OneStream added more than 300 new employees to its headcount in 2021, finishing the year with over 1,000 employees across 18 countries. In the fourth quarter of 2021 the company announced plans for a new headquarters in Birmingham with occupancy expected early in 2022, along with further expansion in the Asia-Pacific region with a new office in Singapore announced in December.
“As OneStream continues to grow, we stand by our commitment and mission to deliver 100 percent customer success. OneStream’s Intelligent Finance platform allows 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 allows organizations to navigate the uncertainty of today while planning for tomorrow,” said Craig Colby, president at OneStream.
OneStream is planning to hold its 2022 Splash User Conference and Partner Summit in San Antonio, Texas May 23-26. Registration opens Jan. 25. For more information visit the Splash event page at splash.onestreamsoftware.com. More about the company at www.onestream.com.