CORRECTING & REPLACING OneStream Software Achieves Record Growth & a Wave of Industry Analyst Recognition in the First Half o...
August 17 2018 - 9:35PM
Business Wire
189% Growth in Software Sales Driven by New
Enterprise Customer Acquisitions, Increased Cloud Adoption
Please replace the release dated August 15, 2018 with the
following corrected version due to multiple revisions.
The corrected release reads:
ONESTREAM SOFTWARE ACHIEVES RECORD GROWTH
AND A WAVE OF INDUSTRY ANALYST RECOGNITION IN THE FIRST HALF OF
2018
189% Growth in Software Sales Driven by New
Enterprise Customer Acquisitions, Increased Cloud Adoption
Building on strong momentum from 2017, OneStream Software, LLC,
a leader in Corporate Performance Management (CPM) solutions for
the mid-sized to large enterprise, reported record 189% growth in
new software revenue for the first half of 2018. That was driven by
the addition of 50 new enterprise customers, expansion of its
platform usage with existing customers, and an increase in cloud
deployments.
Notable new customers include UPS®, Toyota, Sonoco, Burton
Snowboards, Xylem, Sagent Pharmaceuticals, Alliance Data Systems,
and Kennametal. Roughly 70% of the new customers added selected
OneStream to replace Oracle Hyperion, SAP BPC and other legacy
applications.
Industry Accolades
This year OneStream was recognized by five independent research
firms for its industry leadership and high customer
satisfaction:
- Gartner named OneStream a Visionary in
its Magic Quadrants for Cloud Financial Close(1) and Cloud
Financial Planning and Analysis Solutions(2)
- Nucleus Research placed OneStream in
the Leader Quadrant on its 2018 CPM Value Matrix
- OneStream earned a perfect Customer
Recommend score from Dresner Advisory Services and was named an
overall leader for Customer Experience and Vendor Credibility in
their 2018 Enterprise Planning Market Study
- BPM Partners named OneStream #1 for
Overall Satisfaction and Product Innovation in its 2018 BPM Pulse
Awards
- OneStream received Top Ratings in
BARC’s Planning Survey 2018 with the highest rating for Customer
Satisfaction and 10 other key categories.
“Achieving 100% customer success is not only our mission, but
it’s the driving force behind everything we do as a company. It’s
fueling our rapid growth, gaining us new customers, guiding product
development and is driving rave reviews from our sophisticated
customer base along with recognition from the industry analyst
community,” said Tom Shea, CEO, OneStream Software.
New Lease Accounting & Tax Provisioning Solutions
At its record-setting Splash user conference in May, OneStream
announced several new solutions for its XF MarketPlace, the
industry’s only ‘app store’ for CPM to offer fully tested and
proven solutions. In May, OneStream launched its lease accounting
solution to help companies meet the upcoming IFRS 16 and ASC 842
lease accounting guidelines. A new Tax Provisioning starter kit was
also announced in May to help corporations with tax reporting and
planning. The XF MarketPlace portfolio has reached over 40
solutions and continues to grow.
“We are seeing strong growth both from new customers and also
from our existing customer base who are increasingly leveraging XF
MarketPlace solutions, such as Account Reconciliations, People
Planning and our new Lease Accounting solutions. It’s all part of
our customer-focused approach, as we work with our customers to
replace legacy applications and jointly tackle new issues with the
OneStream XF platform,” said Craig Colby, Chief Revenue Officer,
OneStream
To learn more, go to www.OneStreamSoftware.com Or follow our
blog at http://blog.onestreamsoftware.com A schedule of upcoming
Events is at https://onestreamsoftware.com/events/list/
About OneStream Software
OneStream Software provides a modern Corporate Performance
Management (CPM) solution that unifies and simplifies financial
consolidation, planning, reporting, analytics and financial data
quality for sophisticated organizations. Deployed in the cloud or
on-premise, OneStream XF is the first and only solution that
delivers corporate standards and controls, with the flexibility for
business units to report and plan at additional levels of detail
without impacting corporate standards – all through a single
application.
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.
(1) Gartner Magic Quadrant for Cloud Financial Close Solutions,
John E. Van Decker, Christopher Iervolino, 26 July 2018
(2) Gartner Magic Quadrant for Cloud Financial Planning and
Analysis Solutions, Christopher Iervolino, John E. Van Decker, 24
July 2018
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted
in its research publications, and does not advise technology users
to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions
of Gartner's research organization and should not be construed as
statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
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For OneStream SoftwareChris McManus,
917-324-0808chrism@narratemarketing.com