- Workiva Inc (NYSE:WK), a cloud application provider for reporting and compliance, attracted takeover interest from private equity firms.
- Thoma Bravo and TPG are among firms that have held financing discussions with direct lenders to support a potential transaction, Bloomberg reports.
- Workiva, led by CEO Martin Vanderploeg, had a market valuation of about $3.5 billion before reports of the takeover interest.
- In August, Workiva reported second-quarter revenue growth of 24.6% to $131.5 million, beating the consensus of $126.1 million. Non-GAAP EPS loss of $(0.17) beat the consensus loss of $(0.26).
- Subscription and support revenue contributed $113.4 million, up 24.3%. Professional services revenue was $18.2 million, an increase of 26.5%.
- Recently, Zendesk, Inc (NYSE:ZEN) shareholders approved a $10.2 billion planned acquisition of the software maker by a group of private equity firms led by Hellman & Friedman and Permira.
- In August, Vista Equity Partners agreed to acquire Avalara, Inc (NYSE:AVLR) in an all-cash transaction valued at $8.4 billion.
- Price Action: WK shares closed higher by 17.64% at $76.15 on Wednesday.
Mawson Infrastructure Group Inc. Signs New 24MW Site In Ohio, Full 24MW Online In Q3, 2023
The Site has further potential for another 26MW, taking the total to 50MWThe site expands Mawson's potential capacity to up to 290MWThe new site emphasizes the Company's focus on the PA / OH regionMawson Infrastructure
