OneSource Virtual has acquired a strategic majority investment from TA Associates to facilitate rapid expansion in the long run. The strategic majority investment will help OneSource Virtual in improving workday offerings. OneSource Virtual also aims to enhance technological expertise. The company also aims to expand its reach globally. In turn, OneSource Virtual will observe heightened momentum in the workday space. The strategic majority investment will facilitate innovation in new service areas.
“OSV’s proprietary technology, combined with our team’s Workday expertise and customer-first mindset. Has made us a trusted partner for organizations managing critical Workday processes,” said John Bax, CEO of OneSource Virtual.“We’re excited to partner with TA to build on our foundation. With TA’s resources, we will advance our platform and expand customer support. Continue investing in the people and culture that define OSV.”
“OneSource Virtual has been a trusted Workday services and innovation partner for over 17 years. Providing scalable HCM and Financial Management services to customers. Can focus on core business needs,” said Matthew Brandt, Senior Vice President of Global Partners at Workday.“With OSV and TA working together, we welcome an expansion of OSV’s service and technology offerings. Further enhancing the value and possibilities of the Workday platform.”
Investment to Drive Growth and Innovation
The investment also seeks to enhance automation opportunities. Thus, OneSource Virtual will be able to expand quickly while providing a superior user experience. The strategic majority investment will also help in product development. TA Associates has the necessary expertise to facilitate the growth of technology and service companies.
“OSV has an excellent reputation as a leader in services for Workday’s U.S., Canada, and UKI clients. The company has invested heavily in technology. Talent to manage administrative complexity for its clients,” said Roy Burns, Managing Director at TA. “We are excited to build on OSV’s success in partnership with John and the entire OSV team.”
OneSource Virtual will continue with the same management in place. The company is still committed to services in the finance sector, HR outsourcing services, and digital transformation services. As a result, the clients will get to enjoy better operating stability and enhanced services. TA Associates had mentioned that the marriage was based on their trust in the company’s vision and market potential. The company looks forward to the marriage bringing innovation in the fields of managed services, payroll services, and automation tools. The companies are expected to complete the marriage upon receiving regulatory approval.
“TA has spent considerable time evaluating the broader BPaaS landscape. OSV stands out for its in-tenant delivery model, tech-enabled service approach. Strong alignment with the Workday ecosystem,” said Harry Taylor, Managing Director at TA. “Looking ahead, we see opportunities to expand OSV’s product capabilities. Including AI-enabled enhancements and introducing initiatives that further improve the customer experience.”
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News Source: Businesswire.com
