ROCHESTER–OneStream, developers of corporate performance management software, announced 67 percent year-over-year annual recurring revenue growth in the quarter ending March 31.
The company added over 60 new customers in the first quarter, increasing its customer base by 38 percent year-over-year, now totaling over 950 organizations globally. New customers signed in the first quarter include: Arkema, Delaware North Companies, DirecTV, Medivet, Menzies Aviation, Pegasystems and Suffolk County Government.
“Now more than ever, it is critical for organizations to have a steady pulse on their business and agility in their planning and decision-making processes,” said Tom Shea, CEO at OneStream. “Organizations are turning to OneStream to drive digital transformation by unifying complex financial processes in order to unleash the data and insights required to drive agile, informed decision-making.”
OneStream has added over 100 employees since the beginning of 2022, and now has over 1,100 employees across 18 countries. The company plans to open its new headquarters facility in Birmingham, MI in the second quarter of 2022. OneStream has also added 7 new partners in the same time period.
“Following on our strong performance in 2021, we continued to see increased demand globally for our solutions in Q1 2022 from new as well as existing customers,” said Craig Colby, President at OneStream. “With OneStream’s platform, organizations are replacing spreadsheets, cloud point solutions, and multiple legacy CPM applications unifying planning, financial close, consolidation, reporting and analytics – and creating a strong foundation for agile decision-making in finance and across line of business operations.”
OneStream is planning to hold its 2022 Splash User Conference and Partner Summit in San Antonio May 23-26. For more information and event registration, visit the Splash event page at splash.onestreamsoftware.com.