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Workday Acquires Vndly For $510 Million

Workday plans to acquire VNDLY- an Ohio-based startup that serves companies for their contingent workers’ needs.

Workday

Workday plans to acquire VNDLY- an Ohio-based startup that serves companies for their contingent workers’ needs. The cost of the acquisition is deemed to be USD 510 million. 

VNDLY is a Saas company that creates software to manage contract-based employees, and Workday fills in for the human resource needs of organisations and helps them manage finances. 

Workdays’ Chief Strategy Officer- Pete Schlampp, says there was an increasing need for software to manage contractual employees with the changing work structure, and VNDLY helps them achieve just that. Combining the VNDLY’s capability allows Workday to expand its offerings and helps them better serve its customers. 

He further commented that VNDLY was leading the vendor management industry with its innovative approach, and now Workday’s customers will be able to manage better their workforce dynamics which will further help them grow with the changing work environment.

With VNDLY and Workday working together, the companies will manage both their full time and part-time employees on a single platform, reducing HR workloads based on different worker types. They will be better able to manage external and internal compliance and risk requirements concerning workforce needs.

VNDLY features Workday as an integration partner on its website, and the two companies have known each other for some time now. The deal is expected to close in the first quarter of 2022. 

Along with VNDLY, the other midwest startups include the Indianapolis- Salesforce acquisition for USD 2.5 billion in 2013 and Ann Arbor’s acquisition by Cisco for USD 2.35 billion in 2018.

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