Workiva acquires OneCloud to expand data integrations for business reporting

All the sessions from Transform 2021 are available on-demand now. Watch now.

Cloud-based business reporting platform Workiva has acquired iPaaS (integration platform as a service) provider OneCloud. Terms of the deal were not disclosed.

Founded in 2008, companies such as Google, Slack, and Delta Air Lines use Workiva to connect their disparate data from across their documents, spreadsheets, and presentations to serve automated and contextual reports to managers, shareholders, regulators or anyone else concerned with a company’s compliance and governance. Moreover, the data always remains connected, so that if the data is tweaked at its source, it’s also changed at the destination.

The publicly-traded company had performed fairly modestly since its 2014 IPO, but as with just about every cloud-focused business, Workiva has benefited from pandemic-driven digital transformation, with its valuation roughly quadrupling over the past 18 months.


OneCloud is a four-year-old company that enterprises use to integrate and unify data from thousands of applications from across on-premises or cloud infrastructure, allowing businesses to generate insights by pooling and exchanging data from different apps.

Above: OneCloud dashboard

OneCloud represents Workiva’s first ever acquisition in its 13 year history, and the deal extends Workiva’s platform deeper into the enterprise with added capabilities for connecting data from systems including enterprise resource planning (ERP); governance, risk, and compliance (GRC); human capital management (HCM); and customer relationship management (CRM).

Workiva and OneCloud have in fact worked in close partnership since 2019, when Workiva announced that it would not only be leveraging OneCloud’s technology as part of its own cloud platform, but also making a direct (undisclosed) financial investment in the startup.

So given the complementary nature of their respective platforms and Workiva’s existing shareholder status, a direct acquisition makes a great deal of sense — especially at a time when digital transformation is permeating just about every industry.

“Digital transformations continue to accelerate at a rapid pace,” Workiva CEO Marty Vanderploeg said in a press release. “Teams across the enterprise must quickly harmonize, simplify and control data, both financial and non-financial, from disparate source systems. The acquisition of OneCloud enables just that.”


VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact.

Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

Products You May Like

Articles You May Like

DualSense Pro? Sony Set to Unveil New PlayStation 5 Pro Controller Soon: Report
Chinese OEM Said to Be Testing 240W Charger, Could Leave Vivo, iQoo Behind
Five Planets Align in Rare Occurrence, Earth’s Moon to Join the Formation This Week
OnePlus’s Upcoming Products Lineup Tipped to Include TWS Earbuds, Smartwatch, Smart Band, More
Intel warns Ohio factory could be delayed because Congress is dragging its feet on funding

Leave a Reply

Your email address will not be published.