Private equity firms reportedly eyeing acquisition of Workiva

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Workiva ($NYSE:WK), a software-as-a-service company based in Iowa, surged more than 16% on Wednesday after reports indicated that private equity firms Thoma Bravo and TPG were eyeing an acquisition. Workiva shares have been halted for volatility. Acquiring Workiva would be a major coup for either Thoma Bravo or TPG, both of which have a history of investing in software companies.

Stock Price

According to reports, private equity firms are eyeing an acquisition of Workiva Inc. On Wednesday, Workiva’s stock opened at $65.3 and closed at $76.2, a soar of 17.6% from the previous day’s closing price of $64.7. Workiva is a publicly traded company that provides software for businesses to manage their data and compliance. The company has been growing rapidly and has a strong customer base, making it an attractive target for acquisition. However, it remains to be seen if a deal will actually go through.

VI Analysis

WORKIVA INC is a company with strong fundamentals that reflect its long term potential.

However, there are some risks to consider before investing. Based on the VI Risk Rating, WORKIVA INC is a medium risk investment in terms of financial and business aspects. Some of the risks to consider include the company’s reliance on a small number of customers, its high debt levels, and its relatively new product offerings. However, if you are comfortable with these risks, WORKIVA INC may be a good investment for you.

Summary

According to Reuters, private equity firms are considering acquiring Workiva, a provider of cloud-based productivity software. The news sent Workiva’s stock price up sharply the same day. Workiva provides software that helps businesses manage their financial and compliance reporting. The company’s products are used by some of the world’s largest organizations, including Walmart, Coca-Cola, and Deloitte. Workiva’s stock price has been volatile in recent months, but the news of potential acquisition interest sent the stock up sharply.

Private equity firms are attracted to Workiva because of its strong customer base and its growth potential. Workiva is a publicly-traded company, so any acquisition would need to be approved by shareholders. It is not clear if there is any formal offer on the table at this time.