OneSource Virtual Receives $150 Million Investment From Technology Crossover Ventures

Growth capital will support global expansion and product development

(DALLAS) June 18, 2015 – OneSource Virtual (OneSource), an innovative Business Process
as a Service (BPaaS) provider and Workday (NYSE: WDAY) services partner, today announced
a $150 million equity investment from Technology Crossover Ventures to support global
expansion, the development of its Finance & Accounting Outsourcing (FAO) offering, and the
expansion of other technology-enabled products and services for Workday customers.
Technology Crossover Ventures joins previous investor Halyard Capital. The investment closed
on June 4, 2015.

“This investment from Technology Crossover Ventures further validates our business model is
more than just ahead of the curve, it’s cutting-edge and will create opportunities for
accelerated growth into the future,” said Brian Williams, co-founder and CEO for
OneSource Virtual. “Through this partnership, we will be able to better serve our existing
customer base with expanded offerings, while developing new customer and partner
relationships in North America and abroad.”

The company’s proprietary technology, Atmosphere, provides Workday customers with realtime,
in-application service delivery. Atmosphere allows OneSource to offer services in an
efficient, highly scalable and secure environment. As a result, the company has rapidly grown
to deliver BPaaS to companies across the globe. OneSource is setting the standard to which
all other providers will need to deliver outsourcing services in the future.

“This investment is a testament to the value that OneSource delivers to Workday customers,”
said Jim Bozzini, executive vice president, customer operations for Workday. “We look forward
to seeing the company’s continued growth as they help more customers transform their
businesses for the future.”

Ranked No. 83 on the Forbes 2015 List of America’s Most Promising Companies, OneSource
CEO Brian Williams was also named a 2014 Ernst & Young Entrepreneur Of The Year in the
category of Emerging Growth Company for the southwest region.

“We invest in many market-leading technology companies. There was a lot of excitement
around OneSource Virtual and their unique and innovative approach. The in-application service
delivery model OSV developed for Workday customers puts them at the forefront of their
industry,” said Jake Reynolds, general partner of Technology Crossover Ventures. “This
company’s tremendous growth has been incredible to witness and we look forward to working
with their innovative management team as this growth continues.”

William Blair & Company, LLC, acted as advisors on the transaction.
About OneSource Virtual
Founded in 2008, OneSource Virtual is a pioneer of Business Process as a Service (BPaaS)
and supports the automated delivery of solutions exclusively for Workday. OneSource Virtual’s
services empower organizations of all sizes by encouraging HR to become a strategic partner
within the organization, aligning to business growth and scaling by demand through Workday
deployment, consulting, training, and in-application payroll administration, benefit administration
and application management services. OneSource Virtual is headquartered in Irving, Texas,
with a processing center in Mesa, Ariz. For more information, please visit
www.onesourcevirtual.com.

About Technology Crossover Ventures
Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of capital to
growth-stage private and public companies in the technology industry. With nearly $10 billion in
capital raised, TCV has invested in more than 200 technology companies over the last 20 years.
Selected investments include Altiris, C|NET, ExactTarget, Expedia, Facebook, Fandango, FX
Alliance, GoDaddy, Genesys Software, Groupon, HomeAway, Netflix, RealNetworks, Redback
Networks, Rent the Runway, RiskMetrics Group, Sitecore, Splunk, Spotify, Thinkorswim, VICE
Media, and Zillow. TCV is headquartered in Palo Alto, California, with offices in New York and
London. For more information about TCV, including a complete list of TCV investments, please
visit www.tcv.com.

 

Media Contacts:

Kevin Hautzinger
O: 972.916.9696
khautzinger@onesourcevirtual.com

Kerri Fulks, HCK2 Partners
Public Relations Support
O: 972.499.6617; C: 214.549.9837
kerri.fulks@hck2.com