Black Diamond Advisory Secures $25 Million in Funding to Accelerate Growth of its Digital Financial Transformation Services and Solutions

Demand for a More Modern Approach to Enterprise Performance Management (CPM) and OneStream Implementation Support Attracts Investment from Tercera

GOLDEN, Col., September 12, 2022 /PRNewswire/ — Black Diamond Reviewsthe fastest growing and largest global consulting company for OneStream softwareannounced today that it has received a minority investment from $25 million of Tercerus, a growth-focused investment firm specializing in cloud professional services. With this investment, Black Diamond Advisory will continue to strengthen its team of industry, functional and technical experts, expand its advisory services for the Office of the Chief Financial Officer and expand its reach in global markets. The investment will also be used to continue to develop innovative solutions that enhance the OneStream platform and marketplace.

“When we launched Black Diamond, we knew OneStream was full of possibilities and we could create something different and special,” said Randy Weder, co-founder and CEO of Black Diamond Advisory. “This investment allows us to take the next step in our journey, including focusing more on product development on the OneStream platform, expanding our consulting services and building a company with a true global presence. couldn’t be more excited about our future – we’re just getting started.”

Founded in 2019, Black Diamond is a Diamond Level Partner of OneStream and won OneStream’s 2022 Partner Innovation Award. The company has employees across the United States, Canada, Europe and Australiaand is on a mission to transform the way financial systems will be used in the future.

“We are always looking at which technology segments are ripe for disruption and which are driving the next wave of innovation,” said Chris Barbin, CEO of Tercera. “OneStream, one of Tercerus 30, and Black Diamond do just that, and show CFOs that they can, and should, expect more from their CPM vendors and consulting partners. Randy and his team are a great addition to our portfolio, and we couldn’t be more thrilled to partner with them.”

The Black Diamond team has worked on over 100 OneStream projects, delivering transformation at scale for global enterprise clients across key industries.

“Black Diamond’s in-depth knowledge of OneStream’s smart finance platform, combined with its blend of business, technical and industry expertise, has quickly made it one of our best partners,” said Craig Colby, president of OneStream Software. “The Black Diamond team is committed to client success and understanding what finance and operations teams look for in a trusted advisor.”

Additional Resources:

About Tercera

Tercera is an investment and advisory firm founded to accelerate the growth of people-centric businesses. Specialized in $460 billion cloud professional services market, the Tercera team is made up of invested operators who know first-hand what it takes to build and scale a successful cloud services business. For more information visit: https://www.tercera.io/.

About Black Diamond Advisory

Black Diamond Advisory is the world’s largest OneStream software consulting firm. As a OneStream Diamond Partner, the company offers financial transformation, change management and process automation services. Focused on serving Chief Financial Officers (CFOs), its experts have extensive OneStream software experience and a proven track record of delivering successful large-scale projects.

Black Diamond Advisory operates worldwide with offices in the United States, Canada, UK, Europe, Australia and Asia Pacific. She is committed to the success of her clients and remains engaged with her clients throughout their transformation journey to ensure that the greatest value comes from the investment. More information can be found at https://blackdiamondadvisory.com/

SOURCETercera

.

Add Comment