IBM Closes Acquisition of Meteorix

ARMONK, N.Y. - 10 Nov 2015: IBM (NYSE: IBM) today announced it completed the acquisition of Meteorix LLC, a premier Workday (NYSE: WDAY) services partner. Financial terms were not disclosed.

The acquisition will enhance IBM’s capability to help companies gain new competitive advantage by aligning people with financial performance and redefining work with the speed and simplicity of cloud-delivered finance and HR services.

“IBM continues to expand the number of cloud-based services we offer clients to help eliminate barriers to adoption and accelerate results,” said Lori Steele, managing partner, IBM Global Business Services. “The combined power of IBM and Workday can help companies transform to achieve competitive advantage, unleash employee productivity and help pave the way for positive financial performance and growth.”

The majority of Workday customers rely on the expertise of service providers that meet Workday’s stringent requirements and are able to leverage the capabilities of Workday to address corporate challenges. With an exclusive focus on Workday, Meteorix has cultivated deep expertise and best practices for maximizing returns from the strategic use of Workday applications. When combined with IBM’s industry and transformational expertise as well as the industry’s foremost business analytics capability and leadership in cognitive computing, finance and HR executives will be well positioned to unlock next-generation employee engagement and productivity while helping to accelerate financial performance.