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Kainos and Workday Expand Strategic Partnership to Bolster Co-Innovation and Provide Purpose-Built Apps to Customers via Built on Workday
WDAYWorkday(WDAY) Prnewswire·2024-07-25 14:13

Strategic Partnership Expansion - Workday and Kainos announced an expanded strategic partnership to jointly advance the development and distribution of purpose-built apps for Workday customers through the Built on Workday program [5] - The partnership will enable Kainos to accelerate distribution of its products while reaching an expanded customer base [10] - Workday's sales teams across North America, Europe, and Asia Pacific will be incentivized to introduce and co-sell Kainos products [10] Built on Workday Program - Built on Workday enables Workday partners to easily build, launch, and centrally manage apps on the Workday platform [1] - The program provides partners with opportunities to accelerate and scale their app development while addressing customers' evolving business, industry, and regional challenges [1] - Kainos' innovative apps will now be listed and visible to Workday customers globally via Workday Marketplace, which features curated AI solutions adhering to the Workday Responsible AI Governance Framework [11] Kainos Products and Market Impact - Customers will have direct and seamless access to Kainos' best-in-class products, including Kainos Smart Test, Kainos Smart Audit, and Kainos Employee Document Management [10] - These products will help customers automate and scale their Workday operations and maintenance while maximizing the use of the Workday platform [10] - Kainos expects this partnership to more than triple its Annual Recurring Revenue (ARR) over the next six years [6] Company Overviews - Workday is a leading enterprise platform used by more than 10,500 organizations globally, including over 60% of the Fortune 500, to manage people and money [2] - Kainos employs more than 2,900 people across 23 countries and operates through three divisions: Digital Services, Workday Services, and Workday Products [3] - Kainos is listed on the London Stock Exchange (LSE: KNOS) and focuses on using technology to solve real problems for customers and improve business operations [3]