Workday to acquire Peakon from an investment consortium for c.$700m.

Workday, a HR and finance software provider, agreed to acquire Peakon, a Denmark-based SaaS company, from an investment consortium for c.$700m. The deal is expected to close in the first quarter of Workday’s fiscal year 2022, ending April 30, 2021, subject to the satisfaction of customary closing conditions. “Bringing Peakon into the Workday family will be very compelling to our customers – especially following an extraordinary past year that has magnified the importance of having a constant pulse on employee sentiment in order to keep people engaged and productive,” Aneel Bhusri, Workday Co-founder and Co-CEO.