Vndly, a Cincinnati, OH-based cloud-based workforce management systems provider, received a strategic investment from Okta Ventures, the investment fund of Okta, Inc.
The amount of the deal was not disclosed.
The company intends to use the funds for the continued development of its platform that integrates with Okta’s single sign-on and provisioning technology.
Led by Shashank Saxena, CEO and co-founder, Vndly provides a cloud-native vendor management technology platform for companies to manage the entire non-employee engagement lifecycle from talent acquisition to training to payment and offboarding. The platform is composed of four modules: contingent workforce management, statement of work (SOW) management, independent contractor (IC) compliance, and total talent acquisition. In addition to the financial partnership, Okta is a technology partner with Vndly, which is providing its clients secure single sign-on and provisioning capabilities via the Okta Identity Cloud.