Benzinga | Aug 2, 2021 08:14AM EDT

Workiva Acquires iPaaS Firm OneCloud For Undisclosed Terms

* Workiva Inc (NYSE: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.