Workday, Inc. (NasdaqGS:WDAY) entered into a entered into a definitive agreement to acquire VNDLY, Inc. for $510 million on November 18, 2021. The purchase price is subject to adjustments. The transaction is subject to receipt of required regulatory approvals.

The transaction is expected to close in the fourth quarter of Workday's fiscal year 2022, ending January 31, 2022. Matthew Gemello, Juliano Banuelos, Sarah Schaedler and Shannon Yavorsky of Orrick, Herrington & Sutcliffe LLP acted as legal advisor and BofA Securities, Inc. acted as financial advisor to Workday. Taft acted as legal advisor to VNDLY.

Natasha Miklaucic of Borden Ladner Gervais LLP acted as legal advisor to VNDLY Canada Technology.