Workiva buys OneCloud, its first acquisition

Workiva, which makes software program that connects monetary software program for reporting, has made its first acquisition. OneCloud supplies iPaaS (integration platform as a service) software program, and has been a associate of Workiva’s since 2019.

Monetary phrases of the deal weren’t disclosed.

OneCloud’s options provide integration, automation and knowledge preparation for a spread of applied sciences. Collectively, the 2 firms hope to speed up digital transformation for his or her prospects, which through the pandemic turned a precedence for companies and shoppers alike.

Workiva has labored with OneCloud as an unique tools producer associate since July 2019. OneCloud’s know-how expands upon the Workiva platform, offering prospects the potential to attach knowledge from sources resembling ERP, GRC, HCM and CRM programs, in addition to different third-party cloud and on-premise functions.

“Digital transformations proceed to speed up at a speedy tempo,” stated Workiva CEO Marty Vanderploeg in an announcement. “Groups throughout the enterprise should rapidly harmonize, simplify and management knowledge, each monetary and non-financial, from disparate supply programs. The acquisition of OneCloud allows simply that and positions Workiva to push the boundaries of innovation for our platform and options.”

“OneCloud has loved a powerful partnership with Workiva since 2019. Throughout that point, we’ve been impressed with how Workiva utilized our know-how to enrich their progressive cloud platform,” added OneCloud CEO Quin Eddy, additionally in an announcement. “Our workforce has been proud to be part of Workiva’s progress story and we sit up for working collectively as an built-in workforce to attach enterprises throughout the globe.”

Workiva can be discussing the acquisition together with its monetary outcomes for the second quarter of fiscal yr 2021 on its beforehand scheduled monetary outcomes convention name and webcast at 5:00 p.m. ET on Aug. 3, 2021.

Workiva can also be holding its annual consumer convention, Workiva Amplify, in September, the place will probably be offering additional data on this acquisition. Registration is out there here.

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