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Workiva

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Workiva
Founded2008
Headquarters
Ames, Iowa
,
USA
Key people
Matthew Rizai, CEO,
Joseph H. Howell, EVP
Michael Sellberg, CPO
Jeffrey Trom, CTO
Martin Vanderploeg, COO
Stuart Miller, CFO
Troy Calkins, CLO
Websitewww.workiva.com

Workiva Inc. (NYSE:WK) created Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. Thousands of organizations, including over 65% of the Fortune 500, use Wdesk for risk, compliance or management reporting. Wdesk’s proprietary word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. Wdesk helps mitigate enterprise risk, improve productivity and give users confidence to make decisions with real-time data. Workiva employs more than 950 people with offices in 15 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.[1]

Prior to 2010, no one had automated how public companies report to the U.S. Securities and Exchange Commission (SEC). The result was that 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 corporations 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.[2]

Products:

Compliance reporting:

  • WebFilings SEC Reporting
  • Sarbanes-Oxley (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 and retail.[3]

Notable Events

  • July 2015: Workiva named Top 20 Enterprise Risk Management Solution Provider of 2015 by CIO Review [4]
  • June 2015: Workiva Helps Expand Open Data for Federal Government Spending, Sponsors DATA Act Summit [5]
  • May 2015: Workiva Reports Expansion of Wdesk Across Insurance Companies [6]
  • April 2015: Workiva Named Software Company of the Year and Technology Company of the Year at Tenth Annual Prometheus Awards [7]
  • April 2015: Workiva Adds Evidence Management Feature to Wdesk for Sarbanes-Oxley Compliance [8]
  • April 2015: Workiva Joins Russell 2000 and Russell 3000 Indexes [9]
  • March 2015: Workiva Announces more than 100 Organizations use SOX Compliance Solution [10]
  • March 2015: Gartner names Workiva "Best-of-Breed Vendor in it's report on financial controls and automation [11][12]
  • February 2015: Workiva Announces Wdesk Data Collection Surpasses 100 Customer Milestone [13]
  • January 2015: Workiva announces more than 2,200 customers including over 65% of Fortune 500 [14]
  • December 2014: Workiva formed two strategic technology partnerships that allow Wdesk users to efficiently create Carbon Disclosure Project (CDP) and Global Reporting Initiative (GRI) sustainability reports.[15]
  • December 2014: Workiva expands Wdesk Mobile for Android™ use in addition to iPad® availability.[16]
  • December 2014: Workiva Announces the pricing of its Initial Public Offering on the New York Stock Exchange, trading under the ticker symbol WK [17]
  • October 2014: Workiva name Top 20 Government, Risk & Compliance Solution Providers of 2014 by CIO Review [18]
  • October 2014: Workiva Celebrates Grand Opening of Ames, Iowa Headquarters [19]
  • September 2014: Workiva Announces Partnership with Urjanet to Automate Big Energy Data Collection [20]
  • July 2014: WebFilings changes its name to Workiva to accommodate business growth[21]
  • April 2014: Workiva announces 2,100 customers including over 60% of Fortune 500 and 60% of Fortune 100 companies[22]
  • 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[23]
  • Dec 2013: Workiva awarded patent: Systems and Methods for Generating and Using Persistent Electronic Tick Marks[24]
  • October 2013: The Iowa Economic Development Authority approves Workiva’s plan to add 700 new jobs in Ames, IA[25]
  • August 2013: Workiva Awarded Patent: Document Server and Client Device Document Viewer and Editor[26]
  • 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[27]
  • October–December 2012; Workiva secures $60mm+/- equity funding round[28]
  • 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[29]
  • March 10, 2011: Workiva Completes SAS 70 Type II Audit[30]
  • April 2011: Workiva wins the Technology Association of Iowa Software Company of the Year Award[31]
  • February 22, 2011: Robert Herz, Former FASB Chairman, Joins WebFilings as Senior Advisor[32][33]
  • January 24, 2011: Workiva Rolls Out Q1 2011 Release of its End-to-End SEC Reporting Solution[34]
  • December 20, 2010: State of Iowa and Ames Community Recognizes and Supports Workiva Growth Plans[35]
  • October 5, 2010: Workiva Secures $12.5 Million Series B Equity Funding Round Bringing the Company’s Total Financing to Date to $24 Million[36]
  • March 17, 2010: Workiva Launches Fully Integrated, End-to-End Solution That Streamlines SEC Reporting[37]
  • October 15, 2009: Workiva completes software beta program, filing 10-Q reports to the SEC with two beta customers[38]

Operations and management

The company is headquartered in Ames, Iowa and has offices in Amsterdam, Netherlands, Boulder, Colorado, Bozeman, Montana, Chicago, Illinois, Columbus, Georgia, Dallas, Texas, Denver, Colorado, Missoula, Montanta, Mountain View, California, New York, New York, Saskatoon, Saskatchewan, Sault Ste. Marie, Ontario, Scottsdale, Arizona, and Seattle, Washington.

Executive management team:[39]

  • Matt Rizai Chairman and CEO - Former Chairman and CEO, Engineering Animation, Inc.
  • Marty Vanderploeg COO - Former Founder, COO, Engineering Animation, Inc.
  • Joe Howell EVP - Former Managing Director, Financial Intelligence LLC; Former CFO, Borland, Merix, EMusic.com
  • Mike Sellberg CPO - Former EVP, CTO, iMed Studios; Former Divisional General Manager, Engineering Animation, Inc.
  • Jeff Trom CTO - 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. ^ "Workiva Leadership Team".
  2. ^ "Wdesk Overview".
  3. ^ "Wdesk Use by Industry".
  4. ^ http://grc.cioreview.com/vendor/2015/workiva
  5. ^ [1]
  6. ^ [2]
  7. ^ [3]
  8. ^ [4]
  9. ^ [5]
  10. ^ [6]
  11. ^ [7]
  12. ^ [8]
  13. ^ [9]
  14. ^ [10]
  15. ^ [11]
  16. ^ [12]
  17. ^ [13]
  18. ^ [14]
  19. ^ [15]
  20. ^ [16]
  21. ^ "WebFilings is now Workiva".
  22. ^ "WebFilings Reaches 2000 customers for Business Product".
  23. ^ "Technology Association Announces Winners".
  24. ^ "US Patent Office".
  25. ^ "Iowa Company Adding 700 New Jobs".
  26. ^ "US Patent Office".
  27. ^ "2013 Award Winners".
  28. ^ "EDGAR".
  29. ^ "2012 Award Winners" (PDF).
  30. ^ "Completes SAS 70 Type 2 Audit".
  31. ^ "2011 Award Winners".
  32. ^ "Bob Herz Joins WebFilings".
  33. ^ "Bob Herz joins WebFilings".
  34. ^ "WebFilings Q1 Press Release".
  35. ^ "State of Iowa and Ames Community Recognizes and Supports WebFilings Growth Plan".
  36. ^ "WebFilings Secures Funding".
  37. ^ "Workiva Launches Fully Integrated, End to End Solution".
  38. ^ "Beta Press Release".
  39. ^ "Workiva Leadership Team".
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