Tercera, a growth-focused investment company, specializing in professional cloud services, has invested a minority of USD 25 million in Black Diamond Consulting, the fastest growing and largest worldwide advisory firm for OneStream Software. With this investment, Black Diamond Advisory will be able to expand its team of functional, technical, and industry professionals, offer more advisory services to the Office of the CFO and reach more markets around the world. Additionally, the investment will be utilized to keep creating cutting-edge solutions that improve the OneStream marketplace and platform.
Randy Werder, co-founder, and CEO of Black Diamond Advisory, said:
“When we launched Black Diamond, we understood that OneStream was full of possibilities and that we could create something unusual and extraordinary. I couldn’t be more enthusiastic about our future – we are just getting started – and this investment allows us to take the next step in our journey, including an increased focus on product development on the OneStream Platform, increasing our advisory services, and building a firm with true worldwide presence.”
Black Diamond was established in 2019 and has earned OneStream’s Diamond-level Partner Innovation Award for 2022. The business, which employs people in the United States, Canada, Europe, and Australia, is working to change how financial systems will be utilized in the future.
Chris Barbin, CEO of Tercera, said:
“We’re always looking at which technological segments are ripe for disruption and are leading the next wave of innovation.” Randy and the company are a terrific addition to our portfolio, and we couldn’t be happier to be their partner. OneStream, one of the Tercera 30, and Black Diamond are doing precisely that, demonstrating that CFOs can, and should, demand more from their CPM vendors and consulting partners.
The Black Diamond team has contributed to more than 100 OneStream projects, bringing about significant transformation for major sectors and worldwide enterprise customers.
More about the startup:
Black Diamond has quickly become one of our top partner’s thanks to their in-depth understanding of OneStream’s Intelligent Finance platform and their combination of commercial, technical, and industry skills, according to Craig Colby, President of OneStream Software. The Black Diamond staff is dedicated to customer success and knows the qualities that operations and financial teams want in a trusted advisor.
Black Diamond Advisory is the most prominent OneStream Software consulting firm in the world. The business provides financial transformation, change management, and process automation services as a OneStream Diamond Partner. Its professionals, concentrated on helping chief financial officers (CFOs), have a strong background in OneStream Software and a track record of successfully completing large-scale projects.
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