(Alliance News) - Kainos Group PLC has acquired Finland-based payroll system provider Cloudator's Workday division for an undisclosed sum, it announced on Tuesday.
Cloudator offers services for the full suite of Workday enterprise cloud applications, including Workday Financial Management, Workday Human Capital Management and Workday Adaptive Planning. It has been a Workday Services Partner since 2012.
Kainos said the acquisition of Cloudator's Workday segment will further increase its Workday presence in Europe, adding 55 specialist Workday employees across the continent.
Kainos Chief Executive Brendan Mooney said: "We are delighted to welcome Cloudator's Workday team to Kainos as we continue to expand our Workday Practice. The team's expertise, experience and strong track record of customer delivery aligns with our business, and we are thrilled to have them on board.
"We are proud to be a European partner-of-choice for forward-thinking companies looking to deploy Workday's enterprise management cloud. This acquisition confirms Kainos as one of the largest Workday partners in the Nordics region, underpinning our ability to support the accelerating customer base here in Europe."
Shares in Kainos were up 1.7% to 1,447.65 pence in London on Tuesday morning.
By Will Paige; willpaige@alliancenews.com
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Kainos Group (KNOS)
