- Rochester, Michigan-based OneStream Software announced it has named Bill Koefoed as the chief financial officer of the company
Rochester, Michigan-based OneStream Software — a leader in Corporate Performance Management (CPM) solutions for mid-sized to large enterprises — announced it has named Bill Koefoed its new Chief Financial Officer as it expands the management team to support the company’s rapid growth. OneStream Software had received a significant investment from KKR earlier this year, which was at a $1 billion valuation.
Koefoed has over 25 years of industry experience, including senior leadership roles at Microsoft, BCG, Blue Nile, and Puppet. Koefoed was the CFO of Blue Nile. And before that, he was a partner and the CFO for BCG Digital Ventures – part of The Boston Consulting Group. While at BCG, he helped build, launch, and grow category-change businesses for some of the world’s most influential companies. And he was CFO for IT automation firm Puppet. Before that, he was CFO of the Microsoft Skype division following a promotion as a general manager for investor relations at Microsoft. Currently, Koefoed is a board member and the audit committee chair for Bank OZK.
“Bill Koefoed has deep expertise in finance in the technology industry. He brings many years of experience with Microsoft as well as helping emerging companies grow and scale. He further builds out our management bench strength and heads up an already strong finance team as we expand to support further growth. We are thrilled to have him join OneStream,” said Tom Shea, CEO of OneStream Software.
OneStream Software provides a CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics, and financial data quality for sophisticated organizations. Whether it is deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize finance, replace multiple legacy applications, and reduce the total cost of ownership of financial systems. And OneStream enables finance teams to spend less time on data integration and system maintenance so they can have more time focusing on driving business performance. The OneStream XF MarketPlace also features downloadable solutions that enables customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations.
“The digital transformation of finance is fueling continued and sustainable growth for OneStream Software. By helping some of the world’s largest enterprises reduce reliance on spreadsheets and legacy antiquated CPM applications, OneStream is helping finance teams reduce TCO, streamline processes and shift more time to analysis and supporting faster, better business decisions,” added Koefoed. “As a CFO myself, I’m honored to join OneStream and have the opportunity to help fellow CFOs worldwide modernize finance and digitally transform their operations.”
OneStream was ranked #666 on the Inc 5000 list this year. And OneStream reported $88.3 million in 2018 revenue with a 3-year growth of 656%.
