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Workiva

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Workiva
Founded2008
Headquarters
Ames, Iowa Los Altos, California
,
USA
Key people
Matthew Rizai, CEO, Managing Director
Joseph H. Howell, Managing Director
Michael Sellberg, CMO, CCO, Managing Director
Jeffrey Trom, CTO, Managing Director
Martin Vanderploeg, COO, Managing Director
Stuart Miller, CFO
Troy Calkins, CLO
Websiteworkiva.com

Workiva, formerly WebFilings, is a software-as-a-service company founded in 2008. The company released its initial cloud-based reporting software in March 2010[1]. The software was designed for companies to collect data and prepare business reports for the U.S. Securities and Exchange Commission (SEC). As of 2014, the company files more quarterly and annual reports with the SEC than any other third-party provider. Workiva released its Wdesk software in March 2013 to provide collaborative solutions for compliance, risk, management, and sustainability reporting. The company employs more than 850 people with offices in 12 U.S. and 3 non-U.S. cities. The company is headquartered in Ames, Iowa.

Company History

The company was founded in 2008 specializing in software as a service. Six members of the founding management team previously worked together to form Engineering Animation, Inc.[2]

Prior to 2010, no one had automated how public companies report to the U.S. Securities and Exchange Commission (SEC). The result was Corporations were burdened with obsolete, manual processes that were time consuming and fraught with errors. The Workiva cloud-based SEC reporting solution was created and marketed to companies in 2010 to address this issue and change the way corporation’s collected and reported business data.

Product Platform

The Wdesk product platform combines documents, spreadsheets, and presentations into one place that links data together. Wdesk keeps reporting Information up to date and secure. Wdesk powers all the Workiva Solutions.[3]

Product Platform Solutions include:

Compliance Reporting:

  • WebFilings SEC Reporting
  • SOX Reporting
  • SEDAR Reporting
  • Investor Relations
  • Mutual Funds
  • Section 16

Risk Reporting:

  • Enterprise Risk Reporting
  • ORSA
  • Recovery and Resolution Plans
  • Stress Test Reporting
  • CCAR/Capital Planning

Management Reporting:

  • Managerial Reporting
  • Board Reporting
  • Private Company

Sustainability Reporting:

  • Data Management
  • Reporting
  • Review and Publish

A variety of companies employ the product platform across these industries: Financial, Energy & Utilities, Transportation, Technology, Services, Manufacturing, Life Sciences, Entertainment, Consumer Goods & Retail.[4]


Notable Events

  • July 2014: WebFilings changes its name to Workiva to accommodate business growth[5]
  • April 2014: Workiva announces 2,100 customers including over 60% of Fortune 500 and 60% of Fortune 100 companies[6]
  • April 2014: Workiva wins the Technology Association of Iowa Software Company of the Year Award for a large company, and Technology Company of the Year Award for large companies[7]
  • Dec 2013: Workiva awarded patent: Systems and Methods for Generating and Using Persistent Electronic Tick Marks[8]
  • October 2013: The Iowa Economic Development Authority approves Workiva’s plan to add 700 new jobs in Ames, IA[9]
  • August 2013: Workiva Awarded Patent: Document Server and Client Device Document Viewer and Editor[10]
  • April 2013: Workiva wins the Technology Association of Iowa Software Company of the Year Award for a large company, and Technology Company of the Year Award for large companies[11]
  • October–December 2012; Workiva secures $60mm+/- equity funding round[12]
  • April 2012: Workiva wins the Technology Association of Iowa Software Company of the Year Award for a large company, and Technology Company of the Year Award for large companies[13]
  • March 10, 2011: Workiva Completes SAS 70 Type II Audit[14]
  • April 2011: Workiva wins the Technology Association of Iowa Software Company of the Year Award[15]
  • February 22, 2011: Robert Herz, Former FASB Chairman, Joins WebFilings as Senior Advisor[16][17]
  • January 24, 2011: Workiva Rolls Out Q1 2011 Release of its End-to-End SEC Reporting Solution[18]
  • December 20, 2010: State of Iowa and Ames Community Recognizes and Supports Workiva Growth Plans[19]
  • October 5, 2010: Workiva Secures $12.5 Million Series B Equity Funding Round Bringing the Company’s Total Financing to Date to $24 Million[20]
  • March 17, 2010: Workiva Launches Fully Integrated, End-to-End Solution That Streamlines SEC Reporting[21]
  • October 15, 2009: Workiva completes software beta program, filing 10-Q reports to the SEC with two beta customers[22]

Operations and Management

The company is Headquartered in Ames, IA and has offices in Amsterdam, Netherlands, Boulder, CO, Bozeman, MT, Chicago, IL, Columbus, GA, Dallas, TX, Denver, CO, Missoula, MT, Mountain View, CA, New York NY, Saskatoon, Saskatchewan, Sault Ste. Marie, Ontario, Scottsdale, AZ, and Seattle, WA.

Executive Management Team:[23]

Matt Rizai CEO and Managing Director Former Chairman and CEO, Engineering Animation, Inc.

Marty Vanderploeg COO and Managing Director Former Founder, COO, Engineering Animation, Inc.

Joe Howell Managing Director Former Managing Director, Financial Intelligence LLC; Former CFO, Borland, Merix, EMusic.com

Mike Sellberg CCO, CMO, and Managing Director Former EVP, CTO, iMed Studios; Former Divisional General Manager, Engineering Animation, Inc.

Jeff Trom CTO and Managing Director Former Founder, CTO, Engineering Animation, Inc.

Stuart Miller, CFO Former Founder and Managing Director, Colonnade Advisors; Former Managing Director, JP Morgan & Co.

Troy Calkins, CLO Former partner at Drinker Biddle & Reath LLP


References

  1. ^ "WebFilings Launches Fully-Integrated, End-to-End Solution That Streamlines SEC Reporting".
  2. ^ "Workiva Leadership Team".
  3. ^ "Wdesk Overview".
  4. ^ "Wdesk Use by Industry".
  5. ^ "WebFilings is now Workiva".
  6. ^ "WebFilings Reaches 2000 customers for Business Product".
  7. ^ "Technology Association Announces Winners".
  8. ^ "US Patent Office".
  9. ^ "Iowa Company Adding 700 New Jobs".
  10. ^ "US Patent Office".
  11. ^ "2013 Award Winners".
  12. ^ "EDGAR".
  13. ^ "2012 Award Winners" (PDF).
  14. ^ "Completes SAS 70 Type 2 Audit".
  15. ^ "2011 Award Winners".
  16. ^ "Bob Herz Joins WebFilings".
  17. ^ "Bob Herz joins WebFilings".
  18. ^ "WebFilings Q1 Press Release".
  19. ^ "State of Iowa and Ames Community Recognizes and Supports WebFilings Growth Plan".
  20. ^ "WebFilings Secures Funding".
  21. ^ "Workiva Launches Fully Integrated, End to End Solution".
  22. ^ "Beta Press Release".
  23. ^ "Workiva Leadership Team".
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