logo
logo

Workiva Acquires Ipaas Technology Provider Onecloud To Accelerate Digital Transformation For The Enterprise

Aug 02, 2021•almost 4 years ago

Acquiring Company

Workiva

Acquired Company

OneCloud

Description

Workiva Inc. (NYSE:WK) today announced it has acquired next generation iPaaS provider OneCloud (www.onecloud.io). The acquisition solidifies and accelerates Workiva’s position as a leading cloud platform for financial, regulatory and operational reporting.

Company Information

Company

Workiva

About

Workiva Inc. (NYSE: WK) simplifies complex work for thousands of organizations worldwide. Customers trust Workiva’s open, intelligent and intuitive platform to connect data, documents and teams. The results: improved efficiency, greater transparency and less risk. Learn more at workiva.com. Read the Workiva blog: www.workiva.com/blog Follow Workiva on LinkedIn: www.linkedin.com/company/workiva Like Workiva on Facebook: www.facebook.com/workiva/ Follow Workiva on Twitter: www.twitter.com/Workiva Follow Workiva on Instagram: www.instagram.com/workivalife

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed