AMES, Iowa–(Business WIRE)–Workiva Inc. (NYSE:WK) right now announced it has acquired subsequent technology iPaaS provider OneCloud (www.onecloud.io). The acquisition solidifies and accelerates Workiva’s placement as a top cloud platform for economic, regulatory and operational reporting.
OneCloud is a pioneer in iPaaS technological know-how that offers code-totally free and intuitive integration, automation and info preparing for a extensive selection of sophisticated technologies. With each other, the companies will accelerate customers’ digital transformations by enabling them to make smarter and more quickly selections for improved business enterprise outcomes.
Workiva has labored with OneCloud as an initial products producer (OEM) companion because July 2019. OneCloud’s know-how expands the Workiva system, offering prospects the ability to connect details from resources this kind of as ERP, GRC, HCM and CRM systems, as very well as other third-celebration cloud and on-premise applications.
Workiva CEO Marty Vanderploeg commented, “Digital transformations keep on to speed up at a quick rate. Teams across the business will have to swiftly harmonize, simplify and handle facts, both of those money and non-monetary, from disparate supply programs. The acquisition of OneCloud enables just that and positions Workiva to press the boundaries of innovation for our platform and options.”
“OneCloud has savored a sturdy partnership with Workiva considering that 2019. All through that time, we’ve been impressed with how Workiva used our engineering to enhance their innovative cloud system,” mentioned OneCloud CEO Quin Eddy. “Our workforce has been happy to be a aspect of Workiva’s advancement tale and we appear ahead to doing work together as an built-in team to hook up enterprises throughout the world.”
“As a business spouse to the two Workiva and OneCloud, this acquisition gives us an possibility to produce tightly coupled remedies to our customers, providing even greater command and improved visibility when furthering digital transformation by the office environment of finance,” stated Trintech CEO Teresa Waterproof coat.
“The Workiva platform permits us to quickly link our data and processes from multiple resources and handle, analyze and report this data in a solitary put. These capabilities have improved visibility into our processes, reduced human glitches and have been amazingly effective for our business as we have grown our worldwide footprint,” explained Solenis Vice President and Controller Jordan Brackett.
Phrases of the arrangement had been not disclosed. Workiva will be talking about the acquisition alongside with its economical effects for the next quarter of fiscal year 2021 on its beforehand scheduled economic success convention simply call and webcast at 5:00 p.m. ET on Aug. 3, 2021.
More Details
To take a look at the OneCloud landing web page or request a demo: http://workiva.com/onecloud
Workiva will present more information about its knowledge management tactic and the integration of OneCloud’s technological innovation into the Workiva system during the 2021 Workiva Amplify convention in September. Register now for Workiva Amplify: workiva.com/amplify
Forward‑Looking Statements
This push release includes “ahead-looking statements” about the anticipations, beliefs, designs, intentions and approaches relating to Workiva’s acquisition of OneCloud. These kinds of forward-hunting statements involve statements about foreseeable future product abilities and offerings and envisioned benefits to Workiva. Forward‑looking statements are topic to identified and mysterious threats and uncertainties and are based mostly on possibly inaccurate assumptions that could lead to actual benefits to vary materially from individuals expected or implied by the forward‑looking statements. If any these types of hazards or uncertainties materialize or if any of the assumptions show incorrect, our final results could vary materially from the results expressed or implied by the forward‑looking statements we make. We undertake no obligation, and do not intend, to update the forward‑looking statements. Variables that may well result in precise effects to vary materially from these in any forward‑looking statements involve, without the need of limitation: assimilating or integrating OneCloud’s know-how into our system the incapacity to retain key staff of OneCloud following the transaction closes unanticipated bills related to OneCloud’s obtained technological innovation probable adverse tax consequences disruption to our small business and diversion of management consideration and other means and probable mysterious liabilities associated with OneCloud’s company. Even further data on factors that could influence our economic and other success is provided in the filings we make with the Securities and Trade Commission from time to time.
About OneCloud
OneCloud is a present day iPaaS technological innovation corporation that delivers precise info for the connected organization. It presents intuitive, detailed integration, data transformation, and automation for a wide range of small business-crucial purposes that reside on-premises and in the cloud. OneCloud has the capability to combine with 1000’s of purposes with particular connectors that include pre-created intelligence.
About Workiva
Workiva Inc. (NYSE: WK) simplifies complex do the job for hundreds of businesses worldwide. Shoppers believe in Workiva’s open up, smart and intuitive system to hook up information, documents and groups. The success: enhanced efficiency, increased transparency and significantly less threat. Understand more at workiva.com.
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