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.