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Announced

Workday to acquire VNDLY for $510m.

Financials

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Transaction Value£378m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Private

Single Bidder

SaaS platform

Domestic

Majority

Friendly

Pending

United States

Acquisition

Synopsis

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Workday, a provider of enterprise cloud applications, agreed to acquire VNDLY, a cloud-based platform, for $510m. “As organizations expand the definition of their workforce to meet growing business and talent demands, they need solutions that provide a holistic view of all worker types -- including contingent workers -- so they can better plan for and meet the great opportunity in front of them. VNDLY is at the forefront of the vendor management industry with an innovative and intuitive approach. The powerful combination of our technologies and talent will help customers better manage their evolving workforce dynamics, helping them keep pace with today’s changing world of work,” Pete Schlampp, Workday Chief Strategy Officer.

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