Workiva

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Workiva Inc.

logo
legal form Listed company
founding 2008
Seat Ames, Iowa, United States
management Marty Vanderploeg (CEO)
Number of employees approx. 1300
sales $ 244 million (2018)
Website https://www.workiva.com/

Workiva is an enterprise software company based in Ames, Iowa . The lead product developed in 2008 is Wdesk, a cloud-based platform for enterprise management and auditing software that enables companies to prepare and file financial and compliance reports for the SEC and other government regulators. The Wdesk platform integrates information from a variety of content formats, including spreadsheets, presentation documents, emails and other unstructured data, into a single cloud-based report. The company employs approximately 1,300 people and has offices in 16 cities in the United States, Canada and Europe .

history

Workiva Inc. was founded as WebFilings LLC in California in August 2008 by six entrepreneurs - four engineers and two accountants who previously served as chief financial officers of public corporations. In July 2014, the company's name was changed to Workiva LLC and converted to a Delaware limited company in September 2014. Five of the founders were previously senior executives at Engineering Animation Inc. (EAI), a 3D computer animation company based in Ames. EAI was acquired by EDS / UGS PLM in 2000 and is now a Siemens division .

Three of the six founding Still active Workiva: CEO Martin VanderPloeg, Ph.D . (Former Professor of Engineering at Iowa State University (ISU) and EAI Founder and COO); Jeffrey Trom, Ph.D., CTO (former CTO at EAI); and Joseph Howell, vice president of strategic initiatives (former CFO of several public companies).

Vanderploeg has been COO and Managing Director of Workiva since 2008. Vanderploeg has more than 20 years of experience in mechanical engineering and advising start-up companies. Before founding Workiva in 2008, Vanderploeg was the founder of EAI and was Executive Vice President of EAI from 1993 until it was acquired by Unigraphics Solutions in 2000. Vanderploeg was EAI's CTO from 1989 to 1999. After the takeover of EAI Vanderploeg, he continued to work as a consultant for various technology start-ups.

WebFilings changed its name to Workiva in June 2014 and went public in December 2014 (NYSE: WK).

Customers include Amgen, Colgate Palmolive , Chevron and Google .

Applications

Workiva's first SaaS product was SEC reporting software that enables companies to automate their SEC filings using a proprietary system for document tags and links. The platform also enabled companies to file electronically directly with the SEC, using the SEC-required XBRL (Extensible Business Reporting Language) business markup language. A Workiva customer was the first to file Inline XBRL with the SEC.

Branches

The company is headquartered in Ames, Iowa, and has domestic offices in Denver, Colorado . Missoula and Bozeman, MT; Chicago, IL ; Columbus, GA; Dallas, TX; Miami, Florida ; New York, NY; Scottsdale, AZ; Seattle, WA; and international offices in Saskatoon, Saskatchewan , Sault Ste. Marie, Ontario , London, Great Britain and Amsterdam, NL.

successes

In a May 2016 Gartner Magic Quadrant analysis of the top ten performance management software companies for the financial sector, Workiva was in the Leader Quadrant alongside three others: SAP SE , Oracle and BlackLine. In Deloitte's 2015 Technology Fast 500 survey of the fastest growing technology companies in America, Workiva ranked 129th out of all software companies. In February 2017, it received the BIG Innovation Award from the Business Intelligence Group, New Jersey, along with 29 other companies .

Workiva was selected as one of the best SaaS apps in the world at the APPEALIE SaaS Awards 2018. In 2016 Forbes magazine rated Workiva as one of the 25 best public cloud computing companies. Workiva was ranked # 4 in Fortune Magazine's Top 10 Best Large Workplaces in Technology in 2016 and # 6 in Fortune Magazine's Top 50 Best Workplaces for Camaraderie.

Awards

2019

  • Training Top 125 Organizations
  • Best software-defined product
  • RegTech Innovation Award from FinTech Breakthrough
  • FORTUNE 100 Best Companies to work for in 2019.
  • 2019 Cloud Award finalist

References

  1. ↑ a b Workiva 2018 Annual Report. Workiva, April 25, 2019, accessed May 15, 2019 .
  2. ↑ a b c "Magic Quadrant for Financial Corporate Performance Management Solutions". In: Gartner. Retrieved April 30, 2019 .
  3. ↑ Ventana Research: Workiva Automates Composite Documents with wDESK. Retrieved April 30, 2019 (American English).
  4. ↑ Sparty S-1. Retrieved April 30, 2019 .
  5. ↑ SEC TENDER OFFER STATEMENT (c57319scto-c.txt) . Security and Exchange Commission. September 5, 2000.
  6. ↑ Corteva Agriscience Agriculture Division of DowDuPont innovationLEADER of the Year: Workiva - innovationIowa. Retrieved May 15, 2019 (American English).
  7. ↑ United States SEC S-1. Retrieved April 30, 2019 .
  8. ↑ Bloomberg - Are you a robot? Retrieved April 30, 2019 .
  9. ↑ Martin J. Vanderploeg Ph.D. - Executive Bio, Work History, and Contacts - Equilar BoardEdge. In: people.equilar.com. Retrieved April 30, 2019 .
  10. ↑ Martin Vanderploeg Net Worth (2019) - wallmine.com. Retrieved April 30, 2019 .
  11. ↑ WORKIVA OF AMES PLANS INITIAL PUBLIC OFFERING. In: Isupark.org. Iowa State University Research Park Corporation, accessed May 1, 2019 .
  12. ↑ WebFilings changes name to Workiva, hones focus on Wdesk platform. July 1, 2014, Retrieved May 2, 2019 (American English).
  13. ^ Security and Exchange Commission: Final Rule: Interactive Data to Improve Financial Reporting . In: Release Nos. 33-9002; 34-59324; 39-2461 , January 30, 2009. "Companies will provide their financial statements to the Commission and on their corporate Web sites in interactive data format using the eXtensible Business Reporting Language (XBRL)." 
  14. ↑ Workiva product first to make Inline XBRL filing with SEC . In: Business Record , July 6, 2016. Retrieved October 30, 2016. 
  15. ↑ Workiva opens a branch in Frankfurt. April 30, 2019, accessed May 2, 2019 .
  16. ^ Business - NYTimes.com. Retrieved May 2, 2019 .
  17. ^ Magic Quadrant for Financial Corporate Performance Management Solutions. Accessed June 5, 2019 .
  18. ^ "Deloitte's 2015 Technology Fast 500". Accessed May 1, 2019 .
  19. ↑ 5 Chosen as Chairman's Choice Among 34 Winners in Annual BIG Innovation Awards. Retrieved May 2, 2019 (American English).
  20. ↑ 2018 SaaS Awards - APPEALIE Honors 23 SaaS Apps. In: APPEALIE Awards. December 18, 2018, accessed May 2, 2019 (American English).
  21. ↑ Alex Konrad: These Are The Top-Rated Public Cloud Companies To Work For According To Glassdoor. Retrieved May 2, 2019 .
  22. ↑ 30 Best Workplaces in Tech. In: Fortune. January 26, 2016, accessed June 5, 2019 .
  23. ↑ 50 Best Workplaces for Camaraderie. In: Fortune. December 22, 2015, accessed June 5, 2019 .
  24. ↑ Lorri Freifeld: Training magazine Ranks 2018 Training Top 125 Organizations ( en ) February 13, 2018.
  25. ↑ DevOps Excellence Awards 2019 - And the winners are ... | Computing ( s ) March 20 of 2019.
  26. ↑ DevOps Excellence Awards 2019 ( en-US )
  27. ↑ - FinTech Breakthrough Awards ( en-US )
  28. ↑ 2019 Fortune 100 Best Companies to Work For® ( en-gb )
  29. ↑ 112nj: Homepage ( en-US )