Entrepreneur’s Story: OneStream XF – August 22, 2017 by Randy Myeroff

In this installment of Entrepreneur’s Story, highlighting the journey of successful private companies and their leaders, we turn to Rochester, Michigan. OneStream XF co-founders Tom Shea, Bob Powers and Craig Colby, who previously worked for one of the tech industry’s leading names in business software, used their collective drive and curiosity to create a new business intelligence solution for companies to better monitor and manage their performance. Below is an excerpt from “No Room for Compromise: OneStream Co-founders Re-imagine Corporate Performance Management from the spring 2017 issue of Taxonomics. 
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OneStream XF co-founders Tom Shea, Bob Powers and Craig Colby didn’t set out to develop yet another Corporate Performance Management platform with numerous applications and moving parts. Instead, they came together unified by the shared vision of changing the entire CPM ecosystem with a solution that combines power and flexibility with ease of use, deployment and maintenance all in a single instance.
 
And they were certainly the dream team to make it happen. All three brought significant experience from one of the most widely used CPM solutions in the marketplace. Shea was the founder and inventor of UpStream Software®, now known as Oracle® Hyperion FDM; Powers was a key developer on Hyperion Enterprise®, the inventor of Oracle® Hyperion Financial Management; and Colby came with a deep background in financial data quality and consolidation, and years of experience marketing UpStream to customers around the globe…
 
In 2008, Shea and Powers began developing the product that would change the CPM world, signing their first customer in 2011. “We started over to create one application that can accommodate the unique needs of a cohesive finance system for consolidation, reporting, planning and analytics,” says Colby. 
 
Read the full story in Taxonomics to learn more about how OneStream built a better business intelligence solution.
 
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