Workday, Inc. (NasdaqGS:WDAY) signed a definitive agreement to acquire Evisort Inc. on September 16, 2024. The transaction is expected to close in the third quarter of Workday's fiscal year 2025, ending October 31, 2024, subject to the satisfaction of customary closing conditions. Orrick, Herrington & Sutcliffe LLP acted as as legal advisor to Workday. Goodwin Procter LLP acted as legal advisor to Evisort and its shareholders. Moelis & Company (NYSE:MC) acted as financial advisor to Evisort Inc.
Workday, Inc. (NasdaqGS:WDAY) completed the acquisition of Evisort Inc. for approximately $310 million on October 8, 2024. Kyle C. Krpata of Weil, Gotshal & Manges LLP acted as the legal advisor to TCMI.
Workday Inc. is specialized in the publishing of cloud-based management software for businesses, educational institutions and government bodies. The group offers financial management and human resources and analytical solutions for the finance, technology, communications, professional services, healthcare, pharmaceuticals, insurance, manufacturing, distribution, hotel, higher education and government administration sectors.
Net sales by source of income break down between sales and subscriptions (91.4%) and professional services (8.6%).
The United States account for 75% of net sales.
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