Workday Completes Acquisition of Adaptive Insights

Workday, Inc. a provider of enterprise cloud applications for finance and human resources, has completed its acquisition of Adaptive Insights, a leading cloud-based company for modernizing business planning. With Adaptive Insights now part of Workday, customers will be equipped to better plan, execute, and analyze across the enterprise all in one system — the leading cloud platform to drive their financial and business transformations. The company will operate as Adaptive Insights, a Workday company, with Adaptive Insights CEO Tom Bogan reporting to Workday Co-founder and CEO Aneel Bhusri.

Comments on the News
“Running a business that stands the test of time requires a strategic approach to planning supported by the right tools and a trusted partner. That’s why I couldn’t be more excited to officially welcome Adaptive Insights into the Workday family,” said Aneel Bhusri, co-founder and CEO, Workday. “With this incredible team and technology unified with Workday, we will set the new standard for financial and business planning — with one system that equips customers with the intelligence they need to make more accurate decisions that drive future success.”

“Adaptive Insights was founded with a vision to create a cloud planning platform that would free people to do their best work, and we’re doing that for more than 3,800 companies of all sizes,” said Tom Bogan, CEO, Adaptive Insights. “Now, as part of Workday, we’re able to further our vision and continued innovation with our Business Planning Cloud, while remaining true to our values and focus on employees and customers. I’m excited for all the great things we’ll be able to achieve together.”