Silicon Canals
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
No Result
View All Result
Silicon Canals
No Result
View All Result

Workday acquires Denmark’s Peakon for €577M in cash to help businesses elevate employee engagement; here’s how

Editorial team by Editorial team
January 29, 2021
in FinTech, News
Peakon

Image credit: Peakon

71
SHARES
LinkedInTwitterWhatsAppFacebook

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.

- Partner content -
How to improve your open source security?
How to improve your open source security?
Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less
Read more

Orrick and Bech-Bruun are serving as legal advisors to Workday, and Wilson Sonsini Goodrich & Rosati, Osborne Clarke, and Highbridge are serving as legal advisors to Peakon and its shareholders.

About Workday and Peakon

Workday, founded by David Duffield, is an American on‑demand financial management and human capital management software vendor. The company’s applications for financial management, HR, planning, spend management, and analytics have been adopted by organisations around the world and across industries – from medium-sized businesses to more than 45 per cent of the Fortune 500 companies.

As for Denmark-based Peakon, it is an employee success platform that converts feedback into insights. With the largest standardised data set of employee feedback in the world, Peakon claims to provide customised benchmarks and personalised insights to support its mission of helping every employee drive the change they want to see. To date, Peakon has helped organisations like Capgemini, The Adecco Group, Delivery Hero, Staples and easyJet.

Aim of this acquisition

With this development, Workday will provide organisations with a continuous listening platform, including real-time visibility into employee experience, sentiment, and productivity, to help drive employee engagement and improve organisational performance.

“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,” says Aneel Bhusri, co-founder and co-CEO, Workday.

The combination will merge intelligent technology from Peakon that determines and distributes surveys and information to the right person at the right time, with the comprehensive employee insight in Workday, to help leaders discover and respond to evolving employee feelings, needs, and behaviours.

For example, customers will be able to gain better insights and understanding on employee belonging, which will help them adjust plans to encourage an inclusive workplace culture.

Josh Bersin, global industry analyst, says, “Listening to employees has become one of the most urgent strategies to build agility, responsiveness, and growth. Workday’s acquisition of Peakon will enable Workday customers to deploy a highly targeted and integrated employee listening strategy, addressing a top priority in employee experience today.”

Data with regards to employee sentiment of 2020

Peakon’s Heartbeat website that shows macro-trends has accumulated 153 million survey responses and found out that in 2020, the focus was on how companies and employees were responding to the COVID-19 pandemic.

A surprise finding: “We saw that from the start of 2020 through July, employee engagement actually increased 2 per cent globally for Peakon customers. In addition to this, we also observed a 5% increase in employees feeling their mental well-being was a priority for their employers,” mentions Phil Chambers, Peakon’s co-founder and CEO, in a blog post.

According to the website, in 2020, employees missed out on career growth. The data shows that the formal recognition of that learning through growth and career progression has slowed slightly.

 - Partner content -
Personio
Half your staff are planning to quit soon!
Here’s how you can make them stay. Check it out!Show More
Here’s how you can make them stay. Check it out! Show Less
Read more
Tags: acquisitionfeaturedFinTechnews
Share5Tweet18SendShare28

Featured | Tech Events

Current Month

february

09feb13:0014:00Key Employee Visa Programme for Dutch StartupsAre you a Dutch startup that is interested in attracting international talent or relocating your team to the Netherlands?

Silicon Canals | Jobs


Free HR whitepaper | by Personio

Want to know how HRs across Europe are rethinking retention and performance management post pandemic? Get this FREE whitepaper by PERSONIO now!

Partner content | Work with us

Recruiters become job seekers: The changing face of recruitment amidst tech layoffs

Putting the Capital in HCM: A look at how HR is defining strategic business decisions in a digital-first world

From retail to hospitality: how Omniboost evolved its product to solve a major data challenge with tech

Breaking news from Amsterdam | Partner

Women in AI: Prominent Amsterdam-based AI thought-leaders reveal their inspirational role models

Amsterdam’s ViaLuxury.com bags funds for AI-based overcapacity booking platform for luxury hotels

Amsterdam’s People Intouch, a whistleblowing platform, bags funds from Fortino Capital

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content

Silicon Canals © 2014-2023 | Website: Bright Idiots

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
X
X