Acquisition Activity Continues with Workday and Scout (Blog)
- Claude Werder
- Learning and Development, Talent Management, Human Resources
Major M&A activity in HCM shows no signs of slowing down. Case in point: Assuming it passes through regulatory review (and there’s no reason to suspect it will not), Workday’s purchase of Scout RFP for around $540M. One of the more common reasons to acquire a company, in the HCM world at least, is to expand your product or service offering or to fill a gap in the same. Most of the analysis on this acquisition focused on the procurement software Workday was getting from Scout, but I suspect they were also interested in Scout’s proprietary algorithms, machine-learning software and their data-science team. Ethics and values are what will determine the success of this acquisition.
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