Workday to Buy VNDLY for $510 Million

<p align&equals;"left"><strong>PLEASANTON<&sol;strong> &&num;8212&semi; <a title&equals;"" href&equals;"https&colon;&sol;&sol;www&period;workday&period;com&sol;" rel&equals;"nofollow"><u>Workday&comma; Inc&period;<&sol;u><&sol;a>&comma; a provider of enterprise cloud applications for <a title&equals;"" href&equals;"https&colon;&sol;&sol;www&period;workday&period;com&sol;en-us&sol;applications&sol;financial-management&period;html" rel&equals;"nofollow"><u>finance<&sol;u><&sol;a> and <a title&equals;"" href&equals;"https&colon;&sol;&sol;www&period;workday&period;com&sol;en-us&sol;applications&sol;human-capital-management&period;html" rel&equals;"nofollow"><u>human resources<&sol;u><&sol;a>&comma; has agreed to acquire <a title&equals;"VNDLY" href&equals;"https&colon;&sol;&sol;www&period;vndly&period;com&sol;" rel&equals;"nofollow">VNDLY<&sol;a>&comma; an industry leader in cloud-based external workforce and vendor management technology&comma; for &dollar;510 million in cash&period;<&sol;p>&NewLine;<p align&equals;"left">With VNDLY&comma; Workday will provide organizations with a unified workforce optimization solution that will help organizations manage all types of workers—salaried&comma; hourly&comma; contingent&comma; and outsourced—and support a holistic talent strategy&comma; including insight into costs&comma; workforce planning needs&comma; and compliance&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As organizations expand the definition of their workforce to meet growing business and talent demands&comma; they need solutions that provide a holistic view of all worker types &&num;8212&semi; including contingent workers &&num;8212&semi; so they can better plan for and meet the great opportunity in front of them&comma;” said Pete Schlampp&comma; chief strategy officer&comma; Workday&period; &OpenCurlyDoubleQuote;VNDLY is at the forefront of the vendor management industry with an innovative and intuitive approach&period; The powerful combination of our technologies and talent will help customers better manage their evolving workforce dynamics&comma; helping them keep pace with today’s changing world of work&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We’ve seen the value of true cloud-based technologies in helping organizations adapt and evolve to a more complex workforce composition&comma;” said Shashank Saxena&comma; co-founder and CEO&comma; VNDLY&period; &OpenCurlyDoubleQuote;By joining Workday&comma; we’ll be able to expand the value we bring to customers&comma; helping provide greater visibility&comma; collaboration&comma; and oversight to workforce needs and opportunities&period;”<&sol;p>&NewLine;<p>VNDLY is based in Ohio and founded in 2017&period;<&sol;p>&NewLine;