Workday acquiring people analytics company peakon for $700 million

  • Workday (NASDAQ:WDAY) intends to acquire people analytics and employee engagement software company Peakon ApS in an all-cash deal.
  • Peakon's tech will help Workday create a continuous listening platform to help customers capture real-time employee sentiment and access personalized feedback.
  • Workday will pay about $700M in cash, subject to adjustments.
  • The transaction is expected to close in Workday's fiscal Q1, which ends on April 30.
  • Workday’s acquisition of Peakon will enable Workday customers to deploy a highly targeted and integrated employee listening strategy, addressing a top priority in employee experience today.

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