Workiva acquires ParsePort for $100M cash to boost European XBRL/ESEF reporting

WORKIVA INC

Acquired all equity of Denmark-based ParsePort for $100M in cash, closing simultaneous with signing.
ParsePort provides XBRL and Inline XBRL conversion software; used by 800+ orgs for ESEF, EBA, EIOPA, ESMA compliance.
Founders Michael Krog and Kim Eriksen will continue to lead ParsePort under its name.
Acquisition funded from existing cash on hand; strengthens Workiva's transparent reporting platform in Europe.
Additional details to be provided on Q1 2022 earnings call May 3, 2022.

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