Activist Irenic builds a stake in Workiva, hoping to gain a voice on the software company's board
1. Irenic Capital takes 2% stake, pushes for governance reforms at Workiva. 2. Call for board changes and review of strategic alternatives including a sale. 3. Workiva's strong revenue growth contrasts with its ongoing lack of profitability. 4. Irenic aims for improved efficiency and governance to enhance shareholder value. 5. Potential acquisition interest from major firms emphasizes Workiva's market position.