Kainos expands its capability by investing in Workday Strategic Sourcing
Kainos acquires Blackline Group
Atlanta, USA, 11th January, 2022 – Kainos, a leading digital technology company and a Workday (NASDAQ: WDAY) services partner, today announced it has completed the acquisition of Blackline Group. This acquisition further strengthens Kainos’ investments in the North American market and its partnership with Workday.
Established in 2009 and headquartered in Washington state, Blackline Group is a specialty services firm that focuses on procurement and is an experienced advisory partner for Workday Strategic Sourcing (formerly Scout RFP). The business has been a Workday advisory partner since Workday acquired Scout RFP in 2019.
Blackline Group has assisted companies with overcoming critical procurement challenges for more than a decade. During this period, the business has helped some of the world’s largest organisations transform more than $100 billion in total spend. The company has over 50 consultants across the U.S. and is looking to build on its current presence in Europe.
The acquisition of Blackline Group further strengthens Kainos’ capabilities in the Workday ecosystem and will allow Kainos to offer Workday Strategic Sourcing advisory services to its customers, complementing its already deep expertise across Workday Financial Management, Workday Human Capital Management and Workday Adaptive Planning. The acquisition will further enhance Kainos' Workday presence in North America and Europe by adding over 50 spend management and procurement consultants from Blackline Group who will support the expansion of Kainos’ Workday capabilities, client base, and expertise.
The acquisition is Kainos' sixth in the Workday partner ecosystem and the third in the Americas, after the acquisition of IntuitiveTEK and UNE Consulting.
The terms of the acquisition have not been disclosed.
Brendan Mooney, CEO, Kainos, commented:
"We are delighted to announce the acquisition of Blackline Group. The procurement expertise of our new colleagues, paired with our deep experience with Workday, will allow us to expand the support that we can provide our existing customers, not just in North America, but across our global operations.
We are always striving to achieve the best business outcomes for our customers and extending our capability to include procurement helps us to achieve this goal. At the same time, we are also excited by the new opportunities that combining the experience and expertise of the Kainos and Blackline teams will create for our business.”
Andy Brown, Principal, Blackline Group, added:
“From the beginning, we saw the immense power of Workday Strategic Sourcing (formerly Scout RFP) and, for the first time in our history as procurement specialists, we partnered with a software vendor in order to deliver maximum value to our customers. We’re proud of all we have achieved to date and delighted to be joining Kainos and embarking on our next chapter with Brendan, Malachy, and the team.”