“Market Cap $17.53 B As of May 2014
At a Glance
- Country: United States
- CEO: Aneel Bhusri
- Employees: 2,600
- Sales: $469 M
- Headquarters: Pleasanton, California
#1819 Global 2000
- #634 in Market value
Workday, Inc. provides enterprise cloud applications for human capital management, payroll, financial management, grants management, time tracking, procurement, employee expense management and analytics. The company provides its customers highly adaptable, accessible, and reliable applications to manage critical business functions that enable them to optimize their financial and human capital resources. Its applications are designed for global enterprises to manage complex and dynamic operating environments. The company was founded by David A. Duffield and Aneel Bhusri in March 2005 and is headquartered in Pleasanton, CA.”
“Workday Inc. History
Workday was founded in March 2005 and launched in November 2006. Initially, it was funded by Duffield and venture capital firmGreylock Partners. In December 2008, Workday moved its headquarters from Walnut Creek to Pleasanton, where PeopleSoft, founder Duffield’s prior company, was located. Workday sells software and services using the SaaS model.
On February 6, 2008, Workday announced that it had reached a definitive agreement to purchase Cape Clear. In May 2008, Workday signed a large contract with Flextronics to provide human capital management software services. Other large, multinational companies that have publicly disclosed contracts or deployments of Workday include Aviva, Chiquita Brands,CAE Inc., Fairchild Semiconductor, Rentokil Initial, Thomson Reuters, and Time Warner.
On April 29, 2009, Workday announced that it secured $75 million in Series E funding led by New Enterprise Associates. Existing investors Greylock Partners and Workday CEO and co‑founder Dave Duffield also participated in the round. On October 24, 2011, Workday announced $85 million in new funding, bringing total capital raised to $250 million. Investors in the latest round included T. Rowe Price, Morgan Stanley Investment Management, Janus, and Bezos Expeditions, the personal investment entity of Amazon CEO and founder Jeff Bezos.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “Workday“