Workiva and Business Wire Partner to Provide Issuers With a Seamless Solution for Preparing, Processing and Broadly Disseminating Regulatory Disclosure Information
Workflow Integration Between Market Leaders Facilitates Collaboration, Document Management and Secure File Transfer to Improve Efficiency in the Regulatory Reporting Process
Ames, IA - November 7, 2016 -- Workiva (NYSE:WK), a leading provider of enterprise cloud solutions for improving productivity, accountability and insight into business data, today announces a strategic partnership with Business Wire, the global leader in press release distribution and regulatory disclosure.
Workiva customers who use its Wdesk platform for SEC reporting will soon be able to securely submit earnings press releases and other financial disclosures directly to Business Wire. This seamless integration will improve efficiency in the public-disclosure process.
“Workiva is proud to partner with Business Wire to help our customers reduce risk and save time,” said Matt Rizai, Chairman and CEO of Workiva. “The ability to securely transfer financial disclosures in press releases is extremely important to our customers.”
“This is a unique opportunity for our customers to streamline and enhance the earnings release process,” said Cathy Baron Tamraz, Chairman and CEO of Business Wire. “Our partnership with Workiva will provide mutual clients with direct access to Business Wire’s trusted and recognized disclosure services.”
Workiva and Business Wire expect the new functionality to be available to customers in the first calendar quarter of 2017. The two companies have also entered into a strategic sales partnership to become each other’s preferred partner for newswire and eXtensible Business Reporting Language (XBRL) services, respectively.
Workiva (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 percent of the Fortune 500®, use Wdesk. The platform’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 1,200 people with offices in 16 cities. The company is headquartered in Ames, Iowa.
Claim not confirmed by FORTUNE or Time Inc. FORTUNE 500 is a registered trademark of Time Inc. and is used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Workiva Inc.
About Business Wire
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire to accurately distribute market-moving news and multimedia, host online newsrooms and IR websites, build content marketing platforms, generate social engagements and provide audience analysis that improves interaction with specified target markets. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented simultaneous NX Network. Business Wire has 29 offices worldwide to securely meet the varying needs of communications professionals and news consumers. In 2015, Business Wire teamed up with Al Roker Entertainment to create BizWireTV, a bi-weekly digital video news program that features the top trending news releases that cross the wire. Learn more at services.BusinessWire.com and Tempo, the Business Wire resource for industry trends; follow updates on Twitter: @businesswire or on Facebook.
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