OneStream Software to Receive Significant Investment from KKR
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“Since founding this company in 2010, after having been a part of the CPM market for 20-plus years, we set out to create a platform to break down the siloes across different functions within the office of the CFO to not only modernize it, but to revolutionize organizations,” said OneStream CEO
OneStream’s platform is uniquely designed to address the complex requirements of corporate finance, local finance and diverse operational business units in a single application. Companies depend on OneStream to streamline multiple financial processes, including financial and operational planning, close and consolidation, compliance and regulatory reporting, and financial and business analytics. The software is architected to support large-scale cloud deployments and can easily extend to address new functional requirements and digital transformation without disruption.
OneStream’s business is expanding rapidly across new geographies, industries, and government agencies that are looking to modernize their finance functions and systems. The capital infusion will be used to accelerate investments in sales, marketing, product development and customer success to capitalize on OneStream’s strong momentum and increasing demand in new and existing markets, following record growth in 2018. Companies such as UPS®,
“Based on their more than two decades of experience developing software solutions for the office of the CFO, the OneStream team has taken a modern platform approach to addressing the complex financial structures facing large organizations today. As a result, OneStream’s platform is rapidly gaining mindshare as the high-quality and high-value alternative to maintaining cumbersome legacy applications,” said
Upon closing of the transaction, General (Ret.) David H. Petraeus, Member, KKR, and Chairman of the
About OneStream Software
OneStream Software provides a modern Corporate Performance Management 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 one of the first and only solutions 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. OneStream was named to the 2018 Deloitte Fast 500 ranking in
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about
For OneStream Software:
(917) 324 0808
Kristi Huller or Cara Major
(212) 750 8300