Workday, Inc.
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| Type | Private |
|---|---|
| Industry | Software |
| Founded | March 2005 |
| Headquarters | Pleasanton, CA, United States |
| Number of locations | 20+ |
| Area served | Global |
| Key people | Dave Duffield, Co-founder, Co-CEO and Chief Customer Advocate; Aneel Bhusri, Co-founder and Co-CEO |
| Products | Human Capital Management, Payroll, and Financial Management |
| Services | Online Software |
| Employees | 1,100 (approx.) |
| Website | workday.com |
Workday, Inc. is an on-demand financial management and human capital management software vendor. It was founded by David Duffield, the founder and former CEO of PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri. The company was started in March 2005 and launched in November 2006.[1] In December 2008, Workday moved its headquarters from Walnut Creek to Pleasanton, California,[2][3] the location of founder Duffield's prior company, PeopleSoft. Workday sells software and services using the SaaS model.
In May 2008, Workday signed a large contract with Flextronics to provide human capital management software services.[4] Other large, multinational companies that have publicly disclosed contracts or deployments of Workday include Aviva,[5] Chiquita Brands,[6] Fairchild Semiconductor,[7] Rentokil Initial,[8] Thomson Reuters,[9] and Time Warner.[10]
As of October 2011, Workday had more than 240 customers, ranging from midsized businesses to Fortune 500 companies.[11] Workday planned to meet an employee headcount of 1,000 in 2011.[12]
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[edit] Updates
Workday has released 15 updates to its product line as of October 2011.[13]
[edit] Acquisitions
On Feb. 6, 2008, Workday announced that it had reached a definitive agreement to purchase Cape Clear.[14][15]
[edit] Financing
Initially Workday was funded by co-founder Dave Duffield and venture capital firm Greylock Partners. On April 29, 2009, Workday announced that it secured $75 million in Series E funding led by New Enterprise Associates(NEA). Existing investors Greylock Partners and Workday CEO and co-founder Dave Duffield also participated in the round. [16] On Oct. 24, 2011, Workday announced $85 million in new funding, bringing total capital raised to $250 million. Investors in the latest round included T. Rowe Price, Morgan Stanley Investment Management, Janus, and Bezos Expeditions, the personal investment entity of Amazon CEO and founder Jeff Bezos. [17] In a November 2011 article, the Wall Street Journal cited Workday as among a group of "technology start-ups that sell to business" that are "hot again with Silicon Valley investors, helped by the growing popularity of online software." [18]
[edit] References
- ^ http://www.businessweek.com/print/magazine/content/06_46/b4009095.htm
- ^ http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/04/BUP614GU4T.DTL
- ^ http://www.pleasantonweekly.com/news/show_story.php?id=1025
- ^ http://www.informationweek.com/news/services/saas/showArticle.jhtml?articleID=207603344
- ^ http://www.workday.com/resources/customer_case_studies/aviva.php
- ^ http://www.informationweek.com/news/services/saas/207603344
- ^ http://www.zdnet.com/blog/gardner/case-study-how-fairchild-semiconductor-leverages-the-workday-integration-cloud/4150
- ^ http://www.hrmagazine.co.uk/hro/news/1020454/rentokil-initial-implements-cloud-technology-manage-66
- ^ http://www.zdnet.com/blog/btl/workday-launches-workday-14-wins-thomson-reuters-deal/55079
- ^ http://financial.tmcnet.com/topics/financial-technology/articles/192004-time-warner-deploys-workday-hr-payroll-solution.htm
- ^ http://blogs.workday.com/Blog/workday_rising_becoming_part_of_a_unique_ecosystem.html
- ^ http://www.bizjournals.com/sanfrancisco/print-edition/2011/01/21/workday-steep-growth-curve-to-nearly.html
- ^ http://www.marketwatch.com/story/workday-introduces-latest-update-workday-15-2011-10-25
- ^ Workday press release
- ^ Another ERP vendor buys into middleware ZDNet February 6th, 2008
- ^ http://www.forbes.com/2009/04/29/david-duffield-workday-technology-enteprise-tech-duffield.html
- ^ http://allthingsd.com/20111024/aneel-bhusris-workday-raises-85-million-at-a-whopping-2-billion-valuation/?refcat=enterprise
- ^ http://online.wsj.com/article/SB10001424052970204517204577044460578249868.html?mod=googlenews_wsj
