CPM Software provider reports over $300M in Annual Recurring Revenue, up 50% year-over-year
OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, today announced that its Annual Recurring Revenue grew 50% year-over-year, surpassing $300 million in the fourth quarter ending December 31, 2022.
The company grew its customer base by more than 25% year-over-year, now totaling over 1,100 customers globally. New customers signed in 2022 include: Comcast Corporation, Delaware North Companies, DirecTV, Flexjet, Grupo Salinas, Marelli, Menzies Aviation, Stellantis, Tucson Electric and U.S. Department of State.
“Agility and transparency are going to be critical for business success in 2023. A growing number of organizations are leveraging OneStream to unify complex financial processes and create a single source of truth for reporting, planning and decision-making; replacing multiple legacy CPM applications, spreadsheets and point solutions,” said Tom Shea, CEO at OneStream. “With OneStream, business leaders are armed with consistent, transparent data and actionable insights to inform critical decision-making and to help drive long-term success.”
OneStream’s global headcount increased by 25% in 2022 to nearly 1,300. The company also signed 12 new partners in the fourth quarter, including PwC Australia, PwC Netherlands, PwC Singapore and Temus. In 2022, the company also expanded its global footprint with the grand opening of its new global headquarters in Birmingham, Michigan.
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“Our growth in 2022 is a testament to our mission of customer success, ensuring every customer is a reference, one success at a time,” said Craig Colby, President at OneStream. “As we head into the new year, we see continued market demand as Finance leaders face a rapidly changing business environment. OneStream’s unified, extensible platform allows organizations to remain agile in a turbulent economy by streamlining processes and delivering actionable insights so enterprises can pivot quickly and with confidence in the face of change.”
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OneStream received several industry recognitions during the fourth quarter as a leading provider of CPM solutions, including:
- Recognized as a Leader in the Gartner Magic Quadrant for Financial Planning Software
- Recognized as a Leader in the 2022 IDC MarketScape for Worldwide Enterprise Planning, Budgeting and Forecasting Applications
- Named a winner of the 2022 Michigan Top Workplaces Award by Detroit Free Press