Overview
OneStream is a unified finance platform founded in 2010-2012 in Michigan by Tom Shea (Chairman/CEO), Bob Powers (CTO, inventor of Oracle Hyperion HFM), and Craig Colby. The company went public on Nasdaq in July 2024 at a ~$6B valuation, and in January 2026 announced a $6.4 billion take-private deal by Hg Capital (pending 1H 2026).
Highlights
- Founder pedigree: All three co-founders previously founded UpStream Software (acquired by Oracle/Hyperion as FDM), Bob Powers literally invented HFM
- Unified Platform Architecture: Replacing 15+ separate CPM products with single solution
- SensibleAI: AI capabilities for planning and forecasting
- XF MarketPlace: 50+ downloadable solutions extending platform capabilities
- Market trajectory: IPO to $6.4B take-private within 18 months
- Target market: Mid-market to large enterprise, 1,700+ customers across 45+ countries
- Notable customers: Toyota, UPS, News Corp, General Dynamics, McCain Foods
- Use cases: Financial consolidation, close management, planning, reporting, account reconciliation
Founded
2010, 2012 in Michigan. Founded by Tom Shea (Chairman/CEO), Bob Powers (CTO, inventor of Oracle Hyperion HFM), Craig Colby (Chief Success Officer).
Headquarters
191 North Chester Street, Birmingham, Michigan.
Ownership and funding
IPO on Nasdaq in July 2024 (~$6B valuation). January 2026: announced $6.4B take-private by Hg Capital (pending 1H 2026).
Core technology
Unified Platform Architecture replacing 15+ separate CPM products. SensibleAI™ for planning and forecasting. XF MarketPlace with 50+ downloadable solutions.
Market position
Mid-market to large enterprise; 1,700+ customers across 45+ countries.
Product philosophy
“Customer success is our mission”, unified platform eliminating fragmented point solutions.
Notable customers
Toyota, UPS, News Corp, General Dynamics, McCain Foods.