Axios · Axios
OneStream tells AI push favored going private
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OneStream believes that its return to private ownership, via a $6.4 billion acquisition by Hg, will let it move faster on AI, CEO Tom Shea tells Axios.
Key facts
- OneStream believes that its return to private ownership, via a $6.4 billion acquisition by Hg, will let it move faster on AI, CEO Tom Shea tells Axios
Summary
Shea says the appeal of going private was freedom to push harder on product and R&D, and that the move gives him back "four months of my life" each year that would otherwise go to earnings prep.