Workday, Inc., is an American on‑demand (cloud-based) finanßcial management and human capital management software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle’s hostile takeover of PeopleSoft in 2005.In October 2012, Workday launched a successful IPO (initial public offering) that valued the company at $9.5 billion. Some competitors of Workday include SAP Successfactors, Ceridian and Oracle.In 2020, Fortune magazine ranked Workday Inc. at number five on their Fortune List of the Top 100 Companies to Work For in 2020 based on an employee survey of satisfaction. San Francisco Business Times ranked Workday at number two on their Best Places to Work in the Bay in the largest companies category.
Workday has released 34 updates to its product line as of March, 2020, its most recent being “2020 R1”. It releases a major update every 6 months, every September and March.
Workday operates data centers located in Ashburn, Virginia; Lithia Springs, Georgia; Portland, Oregon; Dublin, Ireland; Amsterdam, Netherlands; and also uses Amazon Web Services for its primary computing infrastructure platforms in order to accelerate its worldwide expansion.
In February 2014, Workday acquired the startup Identified and its artificial intelligence Syman to create its Insight Apps line of products. The first products running SYMAN were announced at Workday Rising 2014.
In July 2017, Workday CEO Aneel Bhusri announced that the company had decided to open up its platform to developers, partners and third-party software. As a result, Workday will enter the Platform as a Service (PaaS) market. Bhusri said the move will allow customers to build custom extensions and applications to work with Workday.
In January 2018, Workday announced that it acquired SkipFlag, makers of an AI knowledge base that builds itself from a company’s internal communications.