AMES, Iowa–(Enterprise WIRE)–Workiva Inc. (NYSE:WK) these days introduced it has acquired next era iPaaS supplier OneCloud (www.onecloud.io). The acquisition solidifies and accelerates Workiva’s position as a main cloud platform for economical, regulatory and operational reporting.
OneCloud is a pioneer in iPaaS technological innovation that offers code-absolutely free and intuitive integration, automation and facts preparing for a vast assortment of complex technologies. Collectively, the providers will accelerate customers’ digital transformations by enabling them to make smarter and a lot quicker decisions for superior organization outcomes.
Workiva has worked with OneCloud as an initial devices company (OEM) spouse considering the fact that July 2019. OneCloud’s technology expands the Workiva platform, offering buyers the capability to join knowledge from resources these types of as ERP, GRC, HCM and CRM devices, as well as other third-celebration cloud and on-premise programs.
Workiva CEO Marty Vanderploeg commented, “Digital transformations carry on to speed up at a immediate pace. Groups across the organization need to immediately harmonize, simplify and management facts, both of those economic and non-fiscal, from disparate supply techniques. The acquisition of OneCloud enables just that and positions Workiva to thrust the boundaries of innovation for our system and methods.”
“OneCloud has liked a robust partnership with Workiva considering that 2019. Throughout that time, we’ve been amazed with how Workiva utilized our know-how to enhance their modern cloud system,” stated OneCloud CEO Quin Eddy. “Our staff has been happy to be a part of Workiva’s progress tale and we glance ahead to doing work collectively as an built-in team to hook up enterprises throughout the globe.”
“As a enterprise associate to both of those Workiva and OneCloud, this acquisition features us an opportunity to provide tightly coupled methods to our clients, furnishing even larger manage and increased visibility though furthering digital transformation by the workplace of finance,” stated Trintech CEO Teresa Waterproof coat.
“The Workiva system permits us to conveniently connect our data and procedures from multiple sources and control, examine and report this information in a single area. These abilities have improved visibility into our procedures, decreased human problems and have been incredibly valuable for our enterprise as we have developed our global footprint,” claimed Solenis Vice President and Controller Jordan Brackett.
Phrases of the agreement have been not disclosed. Workiva will be speaking about the acquisition along with its fiscal benefits for the 2nd quarter of fiscal calendar year 2021 on its formerly scheduled monetary success convention phone and webcast at 5:00 p.m. ET on Aug. 3, 2021.
Extra Facts
To go to the OneCloud landing web site or ask for a demo: http://workiva.com/onecloud
Workiva will present additional facts regarding its facts management tactic and the integration of OneCloud’s engineering into the Workiva system throughout the 2021 Workiva Amplify convention in September. Sign-up now for Workiva Amplify: workiva.com/amplify
Forward‑Looking Statements
This push release has “ahead-looking statements” about the anticipations, beliefs, designs, intentions and techniques relating to Workiva’s acquisition of OneCloud. Such forward-hunting statements incorporate statements regarding future item capabilities and offerings and anticipated benefits to Workiva. Forward‑looking statements are issue to recognized and unidentified challenges and uncertainties and are based mostly on most likely inaccurate assumptions that could result in true success to differ materially from these predicted or implied by the forward‑looking statements. If any these types of threats or uncertainties materialize or if any of the assumptions confirm incorrect, our results could differ 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. Factors that may cause precise results to differ materially from those people in any forward‑looking statements include things like, with out limitation: assimilating or integrating OneCloud’s engineering into our platform the incapacity to retain key workers of OneCloud following the transaction closes unanticipated costs relevant to OneCloud’s acquired engineering potential adverse tax effects disruption to our business and diversion of management interest and other means and likely not known liabilities affiliated with OneCloud’s small business. More info on factors that could have an effect on our fiscal and other effects is bundled in the filings we make with the Securities and Trade Commission from time to time.
About OneCloud
OneCloud is a modern iPaaS technological know-how enterprise that provides specific knowledge for the connected enterprise. It presents intuitive, in depth integration, details transformation, and automation for a large assortment of business-important apps that reside on-premises and in the cloud. OneCloud has the means to combine with thousands of apps with precise connectors that include pre-created intelligence.
About Workiva
Workiva Inc. (NYSE: WK) simplifies advanced function for thousands of companies throughout the world. Prospects belief Workiva’s open, smart and intuitive system to connect info, files and groups. The final results: improved efficiency, increased transparency and less risk. Understand much more at workiva.com.
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