Workday Inc., a provider of enterprise cloud applications for finance and human resources, has announced that it is all set to acquire employee feedback technology company Peakon ApS in cash. “By joining forces with Workday, we’re able to accelerate our mission to help every employee drive the change they want to see,” says Phil Chambers, co-founder and CEO of Peakon.
Transaction overview
Workday will acquire Peakon for $700M (approx €577.4M) in cash. The transaction is expected to close in the first quarter of Workday’s fiscal year 2022, ending April 30, 2021.