Workiva Acquires iPaaS Firm OneCloud For Undisclosed Terms

  • Workiva Inc WK acquired next-generation iPaaS provider OneCloud, a pioneer in iPaaS technology that offers code-free and intuitive integration, automation, and data preparation for many complex technologies. 
  • The financial terms of the transaction remain undisclosed.
  • Together, the companies will accelerate customers' digital transformations by enabling them to make smarter and faster decisions for better business outcomes.
  • Workiva held $540.6 million in cash and equivalents as of Mar. 31.
  • Price action: WK shares closed lower by 1.21% at $129.77 on Friday.
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