Workday, Inc. signed a definitive agreement to acquire Zimit, Inc.
September 07, 2021
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Workday, Inc. (NasdaqGS:WDAY) signed a definitive agreement to acquire Zimit, Inc. on September 8, 2021. The transaction is subject to the satisfaction of customary closing conditions and expected to close in the third quarter of Workday?s fiscal year 2022, ending October 31, 2021. Sarah Schaedler, Michael Wiesner, Juliano Banuelos, Daniel Forester, Eric Wall, Shannon K. Yavorsky, Jeanine P. McGuinness, James McQuade, Jennifer Clarke-Smith, James Tierney and Matthew Gemello of Orrick acted as legal advisors to Workday, and Lewis Brisbois is serving as legal advisor to Zimit and its shareholders.
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 (89.6%) and professional services (10.4%).
75.3% of the revenue is generated in the United States.
WORKDAY INC. 
