Over the last few years, we’ve seen increasing digital transformation in the office of finance. In response, Workday has continually delivered against our unique vision of bringing planning, execution, and analysis together in one system. A large part of that strategy has been adding breadth and depth to our core finance product—Workday Financial Management—which continues to win over customers and lead the industry. Another core component of our strategy is investing in customers’ increased demand for advanced financial planning—especially around the core general ledger—as organizations realize how central planning is to driving strategic, competitive advantage.
Simply put, our customers wanted more.
That’s why we’re so excited to announce that Workday has signed a definitive agreement to acquire Adaptive Insights, a leading cloud-based platform for modernizing business planning.
With this incredible team and their industry-leading technology unified with Workday, we will accelerate customers’ finance and business transformations across the organization through a powerful combination of integrated planning and a complete finance suite of products. More specifically, this acquisition will fast-track our financial planning roadmap by 2+ years, delivering customers new, advanced modeling capabilities and more, powered by the Adaptive Insights Business Planning Cloud.
Not only is this a fantastic match for our customers in terms of products and technology, but it’s also a perfect fit in terms of people and culture. Like Workday, Adaptive Insights puts employees and core values at the center of everything they do.
We are excited about our future together, and look forward to sharing more details in the coming months. In the meantime, please see below for a short FAQ with more details.