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.

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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.

"We owe Meteorix's rapid growth and success to the dedication and customer focus of our team as well as our strong commitment to Workday," said Sam Spector, CEO of Meteorix, in a statement. "Once part of IBM, we'll strengthen our unwavering commitment to customer success while adding global scale, deepening industry and business transformation expertise and tapping IBM innovation. The combined expertise of IBM and Meteorix will enable clients to rapidly implement and maximize the value of Workday while transforming their finance and HR capabilities for the future. That's a win for everyone."

This planned acquisition will build on IBM's already significant investments and research in cloud computing and workforce science. IBM continues to help clients apply behavioral science and capabilities in advanced analytics, technology integration and psychological principles to drive better business performance. Officials at Big Blue said IBM Cloud offers one of the industry's largest portfolios of software, services, data center solutions and consulting for private, public and hybrid cloud environments.

"The combination of IBM and Meteorix will bring significant added value to our customers," said Aneel Bhusri, co-founder and CEO, Workday. "Meteorix's deep Workday experience together with the industry expertise of IBM gives our customers a global strategic partner to help them put their finance and HR operations in the cloud and transform their businesses for future growth."

IBM has a knack for making acquisitions that help fill in holes that exist in its platform. This year alone, IBM has acquired at least six companies that help to flesh out the IBM portfolio of applications, systems and services the company delivers to its customers. Earlier this month, IBM announced its acquisition of StrongLoop, a Node.js development shop. In July, IBM acquired Compose, a privately held company that provides MongoDB, Redis, Elasticsearch, PostgreSQL, and other database as a service (DBaaS) offerings targeted at Web and mobile app developers. In June, IBM acquired Blue Box Group, a managed private cloud provider built on OpenStack. In April, IBM acquired Explorys and Phytel to enhance Big Blue's Watson Health unit. And in March, IBM acquired AlchemyAPI, a provider of scalable cognitive computing API services and deep learning technology.