OneStream Software to Receive Significant Investment from KKR

Michigan-based Global CPM Solution Provider is Accelerating Its
Position as the One-Stop Solution for the Office of the CFO

ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream
Software LLC
(“OneStream”), a leading provider of cloud or
on-premise Corporate Performance Management (CPM) solutions for
mid-sized to large enterprises, announced today that it has entered into
an agreement to receive a significant investment from KKR,
funded through a combination of KKR’s private equity and growth equity
funds. The capital infusion is OneStream’s first from an external
investor, after achieving nearly 500% growth over the last three years
while maintaining strong profitability. The investment brings the
company’s valuation to over $1.0 billion.


“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 Tom Shea. “We have done this in a customer-centric way, in
which every customer is a reference and has a platform to accelerate
their digital finance transformation at their own pace. We are pleased
to have an experienced investor like KKR back our platform and our
vision for continued growth.”

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®, Sagent Pharmaceuticals, Post
Holdings, Inc., Fruit of the Loom, The Carlyle Group, Melrose PLC and
many others depend on OneStream to streamline their multiple financial
processes.

“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 Dave Welsh, Member
and Head of TMT Growth Equity at KKR. “We look forward to supporting the
company with our proven capabilities to help our portfolio companies
drive international expansion, scale operations, and enable access to a
broader range of customers across industries and government.”

Upon closing of the transaction, General
(Ret.) David H. Petraeus
, Member, KKR, and Chairman of the KKR
Global Institute; Dave
Welsh
, Member, KKR, and Head of TMT Growth Equity at KKR; and Jim
Miele
, Principal, KKR, will join OneStream’s board of directors.

Wells Fargo Securities served as exclusive financial adviser to
OneStream on the transaction.

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 North America.

About KKR
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 KKR
& Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com
and on Twitter @KKR_Co.

Contacts

For OneStream Software:
Chris McManus
(917) 324 0808
chrism@narratemarketing.com

For KKR:
Kristi Huller or Cara Major
(212) 750 8300
media@kkr.com

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