IBM to Buy Meteorix for Workday Financial, HR Services Support
IBM has signed an agreement to acquire Meteorix, which specializes in providing services around the Workday finance and HR platform.IBM today announced plans to acquire Meteorix, a key Workday services partner, to help companies align people with financial performance and redefine work with the speed and simplicity of cloud-delivered finance and human resources services. Financial terms of the deal were not disclosed. Workday provides enterprise cloud applications for finance and HR. With an exclusive focus on Workday, Meteorix has cultivated deep expertise and best practices for maximizing returns from Workday applications. Meteorix has more than 200 certified Workday consultants and a track record of success delivering complex services to multinational leaders and innovators across a wide range of industries. IBM notes that executives are under increased pressure to make the best possible decisions faster and with more predictable outcomes to drive growth and competitive advantage. Companies are looking for new ways to attract, engage and support employees amid the fierce global competition for top talent. Advancements in cloud, mobile, analytics and cognitive computing enable both finance and HR executives to operate with a more complete view of their organization. "The planned acquisition of Meteorix can make IBM one of the leading, most qualified and experienced Workday service providers in the world," Bridget van Kralingen, senior vice president of IBM Global Business Services, said in a statement. "It deepens the quality of service to existing Workday clients and dramatically expands our reach to new clients. Meteorix's Workday implementation experience combined with our industry and transformational expertise as well as the industry's foremost business analytics capability and leadership in cognitive computing will unlock next-generation employee engagement and productivity while accelerating financial performance."
The majority of Workday customers rely on the expertise of service providers that meet Workday's stringent requirements and are able to align corporate challenges with the capabilities of Workday applications. The planned acquisition of Meteorix will expand IBM's ability to help clients deploy Workday applications and transform traditional finance and HR, the company said.