OneSource Virtual Receives $150M Equity Investment
Summary
OneSource Virtual, an Irving, Texas-based Business Process as a Service (BPaaS) provider and Workday (NYSE: WDAY) services partner, raised $150m equity investment.Technology Crossover Ventures made the investment and joined previous investor Halyard Capital.The company intends to use the funds for global expansion, development of its Finance & Accounting Outsourcing (FAO) offering, and the expansion of other technology-enabled products and services for Workday customers.Founded in 2008 by Brian Williams, CEO, OneSource Virtual is a Business Process as a Service (BPaaS) provider and supports the automated delivery of solutions exclusively for Workday.Its services encourage HR to become a strategic partner within the organization, aligning to business growth and scaling by demand through Workday deployment, consulting, training, and in-application payroll administration, benefit administration and application management services.