Details Regarding Proposed Acquisition of Scout RFP Under the terms of the definitive agreement, Workday will acquire Scout RFP for consideration of approximately $540 million in cash, subject to . Workday has entered into an agreement to acquire Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement. Workday Strategic Sourcing (formerly Scout RFP) is a leading cloud-based platform for strategic sourcing and supplier engagement, trusted by teams to streamline and re-imagine procurement processes. According to a Workday press release, the acquisition of Scout RFP will help accelerate Workday's ability to deliver a complete source-to-pay solution. Afternoon Coffee: What Workday-Scout RFP acquisition means ... Previously into the week, the finance and HR solutions provider Workday announced it absolutely was purchasing Scout RFP, a sourcing solution for people who would rather utilize Uber than keep a vintage automobile (we get this observation with full . Workday intends to retain the Scout name, and will rebrand it as "Scout RFP, a Workday company." This is absolutely no surprise as the one-time upstart and industry darling has created an enormous amount of goodwill that drives engagement up in the procurement realm (and drives pricing higher in the M&A realm). Workday was a strategic investor in Scout RFP, which had raised over $60 million as of its Series C round. Announced yesterday afternoon — when Spend Matters broke the story — the acquisition of Scout RFP by Workday is worth some $540 million in cash, and "opens up more of the extremely fast growing S2P space to Workday (which some value at $50 billion as a total addressable . It delivers financial management, human capital management, planning and . With Scout RFP now part of Workday, customers will be able to expand how they plan, execute, analyze, and extend in one system . Leading Strategic Sourcing and Supplier Engagement Platform to Operate as Scout RFP, a Workday . With Scout RFP now part of Workday, customers will be able to expand how they plan, execute, analyze, and extend in . Overview. Workday Announces Intent to Acquire Scout RFP | Nasdaq Founded in 2005, Workday is a leading provider of enterprise cloud applications for finance and human resources. At Scout, Jonas was responsible for defining GTM strategy while building out solution consulting, value engineering, customer success and sales ops and enablement teams. Workday's $540 Million Acquisition Of Scout RFP - Global ... Details Regarding Proposed Acquisition of Scout RFP Under the terms of the definitive agreement, Workday will acquire Scout RFP for consideration of approximately $540 million in cash, subject to . New VP of . Workday Completes Acquisition of Scout RFP Prior to Scout RFP, he co-founded ONOSYS, one of the largest online ordering providers in the country, which was acquired by Livingsocial in 2012. Workday closes Scout RFP acquisition. Scout's collaborative, easy-to-use functionality gets sourcing professionals up and running in the tool within a day and working directly with internal stakeholders throughout the buying process . "Together, we will further our focus on enabling customers to continually streamline and . At the time of the acquisition, Workday was offering a purchase-to-pay (P2P) process management system, which includes catalog and item management, purchases, receive and put away, invoice processing and payment. Workday Ventures, the strategic investment arm of Workday, invested in Scout RFP in January 2019. phatpc/AdobeStock. Workday Does Source-to-Pay . Scout RFP welcomes Yvette Kamperin as Vice President of Talent Acquisition and the latest addition to its executive team. Details Regarding Proposed Acquisition of Scout RFP Under the terms of the definitive agreement, Workday will acquire Scout RFP for consideration of approximately $540 million in cash, subject to adjustments. Workday announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. Workday's (WDAY) fiscal third-quarter results benefit from a high demand for its cloud-based HCM and financial management solutions, and synergies from the Scout RFP acquisition. PLEASANTON, Calif., Dec. 09, 2019 (GLOBE NEWSWIRE) -- Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, has completed its acquisition of Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement.With Scout RFP now part of Workday, customers will be able to expand how they plan, execute, analyze, and extend in . (the RFP) and listened deeply to customers. Workday entered into an agreement to purchase Scout RFP, a cloud-based platform for strategic sourcing and supplier engagement, for approximately $540 million. As the big workday SI's look to increase expertise, assuming the Scout acquisition is . Posted November 4, 2019. Scout RFP's broader ambitions were on display at its annual Spark conference today, where Workday was a big presence Aneel Bhusri and Alex Yakubovich Sourcing professionals who gathered in San Francisco today for Spark, the annual conference of strategic sourcing vendor Scout RFP, may have noticed some differences from previous years, following its recent acquisition by cloud applications . Leading cloud applications provider for finance and HR - Workday - has signed a definitive agreement to acquire Scout RFP. Synergies from Scout RFP acquisition aided Workday to win multiple customers. Get in touch. The . Jonas runs Enterprise Growth, Operations and Customer Support teams at Scout RFP, a Workday company. As part of the deal, Workday will acquire Scout RFP's suite of strategic sourcing solutions, including RFX, reverse auction, contract management, and supplier management tools, to become a source-to-pay solutions provider. The transaction . Workday's ability to wrest control of the back-end financial management and processes is strengthening with a growing installed base even though most customers still consider Workday a serious HR apps contender, not full-blown enterprise applications . Markedly, Scout RFP is fully integrated and has been re-branded as "Workday Strategic Sourcing," which is part of spend management domain. At year-end, Workday was finalizing its new go-to-market rules of engagement . Twilio . "Scout RFP is an industry leader that is loved by procurement teams who are undergoing a significant shift to better optimize spend," said Workday co-founder and CEO Aneel Bhusri. Before joining Scout, Jonas […] With Scout RFP now part of Workday, customers will be able to expand how they plan, execute, analyze, and extend in one system, with a modern source-to-pay solution that helps . --Workday, Inc., a leader in enterprise cloud applications for finance and human resources, has completed its acquisition of Scout RFP, a leading cloud-based platform for strategic sourcing and . The company raised over $60 million on a post valuation of $184.5 million, according to Pitchbook data.. Further, the company is gaining from solid uptick in its two new offerings, VIBE Central and VIBE Index, that aid HR leaders boost inclusivity, and accelerate belonging and . COBALT advised Workday, Inc. on the cross-border acquisition of online procurement platform Scout RFP in relation to Latvian law issues. Synergies from Scout RFP acquisition aided Workday to win multiple customers. Press Release Workday Completes Acquisition of Scout RFP Read Press Release. The transaction is expected to close in the fourth quarter of Workday's fiscal year 2020, ending Jan. 31, 2020, subject to the satisfaction of customary closing conditions, including . Why . Workday Completes Acquisition of Scout RFP. This press release contains forward-looking statements related to Workday, Scout RFP and the acquisition of Scout RFP by Workday that are subject to risks, uncertainties, and assumptions. As part of the deal, Workday will acquire Scout RFP's suite of strategic sourcing solutions, including RFX, reverse auction, contract management, and supplier management tools, to become a source-to-pay solutions provider. The acquisition is meant to help Workday expand its portfolio of procure-to-pay services . Procurement is ready for purpose-built . In order to maximise opportunities, support growth, increase policy compliance and drive critical cost savings, Workday alongside Scout RFP - following its acquisition - aims to transform procurement organisations by providing a comprehensive source-to-pay solution with . Scout RFP has continously offers ways to use the tool that would meet our business needs. Workday announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. These consist of managing the sourcing of specific products and . Talk to Sales. Workday announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. Details Regarding Proposed Acquisition of Scout RFP Under the terms of the definitive agreement, Workday will acquire Scout RFP for consideration of approximately $540 million in cash, subject to adjustments. "By adding Scout RFP, Workday is able to offer a more comprehensive offering that allows it to become a complete source-to-pay solution," Jefferies analyst Brent Thill wrote in a note to clients . Alex led Scout RFP as its CEO from its inception in 2014 to its acquisition by Workday in 2019. During the quarter under review, the company rolled out two new offerings, VIBE Central and VIBE Index, to aid HR . Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, has completed its acquisition of Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement.With Scout RFP now part of Workday, customers will be able to expand how they plan, execute, analyze, and extend in one system, with a modern source-to-pay solution that . The acquisition of Scout RFP will allow it to create a more end-to-end offering, the company said. Twilio's selloff presents 'attractive' buying opportunity, BofA says . Workday announced this afternoon that it has entered into an agreement to acquire online . Workday . COBALT provided comprehensive legal advice and support to Workday, Inc. on all Latvian law matters throughout the acquisition process, including legal due diligence of target in Latvia and relevant corporate, employment, tax and IP advice. Workday is going to acquire cloud-based procurement and e-software company Scout RFP for $540 million, according to reports. Scout is a sourcing and supplier engagement platform trusted by Procurement teams to streamline their process, manage a unified pipeline of projects, and collaborate with stakeholders and suppliers. Workday's (WDAY) fiscal fourth-quarter results benefit from a high demand for its cloud-based HCM and FINS plus solutions, and synergies from the Scout RFP acquisition. Workday had come to a definitive deal in early November to acquire the company for about $540M in cash. Will companies like Kainos and Accenture look to acquire Scout RFP partners in the future? Workday (NASDAQ:WDAY) has closed on its acquisition of Scout RFP. It delivers financial management, human capital management, planning and . This The acquisition of Scout RFP may well foreshadow Workday's attempts to leapfrog competitors like Coupa, GEP, and others in the procurement space. Announced yesterday afternoon — when Spend Matters broke the story — the acquisition of Scout RFP by Workday is worth some $540 million in cash, and "opens up more of the extremely fast growing S2P space to Workday (which some value at $50 billion as a total addressable . The company raised more than $60 million on a post . Scout's software complements these functions, covering the source-to-purchase (STP) activities that precede P2P. Workday's (WDAY) fiscal third-quarter results benefit from a high demand for its cloud-based HCM and financial management solutions, and synergies from the Scout RFP acquisition. Hundreds of customers use Scout RFP to source faster, drive efficiency, and maximize the value of supplier relationships. Workday, Inc., a leader in enterprise cloud applications for human resources and finance, has completed its acquisition of Scout RFP. At year-end, Workday was finalizing its new go-to-market rules of engagement . The company raised more than $60 million on a post valuation of $184.5 million, according to PitchBook data. Workday is going to acquire cloud-based procurement and e-software company Scout RFP for $540 million, according to reports. Scout RFP is a cloud-based platform for sourcing and supplier management, focused on strengthening the supplier and stakeholder relationship. Workday ® announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. Summary. Founded in 2014, Scout RFP has had only four rounds of funding, raising $60.3 million (Source Crunchbase).The latest was in January 2019 when it raised $33 million from Scale Venture partners. Workday (WDAY) to Acquire Scout RFP for $540 Million. Article Related Press Releases (1) Related Articles (1) Stock Quotes (1) Comments (0) FREE Breaking News Alerts from StreetInsider.com! Scout RFP Appoints Yvette Kamperin to Head Talent Acquisition. Workday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, has completed its acquisition of Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement. Recent acquisitions include Trusted Key Inc., Stories and . Legal Name Scout RFP, a Workday company. Scout is a natural acquisition for Workday as Workday does not have sourcing functionality today. PLEASANTON, Calif., Dec. 09, 2019 (GLOBE NEWSWIRE) -- Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, has completed its acquisition of Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement. The acquisition builds on top of Workday's existing procurement solutions, Workday Procurement and Workday Inventory, but Workday chief product product . Details Regarding Proposed Acquisition of Scout RFP Under the terms of the definitive agreement, Workday will acquire Scout RFP for consideration of approximately $540 million in cash, subject to adjustments. Petros framed the acquisition as the logical next step for Workday, which already offers cloud-based procurement and finance solutions. The company acquired procurement tool company Scout RFP for $540 million in cash in 2019 and undertook a massive $1.55 billion cash acquisition of financial management software company Adaptive . Workday will acquire Scout RFP in an all cash transaction for $540 million. The transaction . Based in . Scout developed a very focused solution that did not try to replicate the full source-to-pay which has been the business model for most companies in the space (like Ariba and Coupa). In late February I attended . Workday will also incorporate Scout . Acquisition. Spark, the Scout annual user group meeting. Material sourced from: First Take Analysis: Workday's Acquisition of Scout RFP (Part 1: Scout Background, Strengths/Weaknesses, Deal Rationale) and Workday to acquire Scout RFP for $540 million in cash Transaction Background: Workday, a finance and HR solutions provider, is set to acquire the easy-to-use sourcing provider Scout RFP in a $540 million cash deal; Spend Matters estimates the . December 09, 2019 16:01 ET | Source: Workday, Inc. phatpc/AdobeStock. Workday is a cloud solutions provider for financial and human resources. Markedly, Scout RFP is fully integrated and has been re-branded as "Workday Strategic Sourcing," which is part of spend management domain helmed by Scout RFP co-founder and CEO, Alex Yakubovich. Scout's users represent a new breed of purchasing managers and executives looking to change the role of the purchasing department. Workday has reached an agreement to acquire Scout RFP for around $540 million, subject to adjustments. Scout is a cloud based sourcing app that gives enterprises greater visibility and control over their sourcing process. Webinar Looking Forward with Workday: The Next Level of Spend Management Watch Webinar (58:53) Blog Accelerating a New Era of Strategic Sourcing Read Blog. With Scout RFP now part of Workday, customers will be able to expand how they plan, execute, analyze, and extend in one system, with a modern source-to-pay solution that helps . It is 18 months since Workday acquired Adaptive insights and 2 months since it acquired Scout RFP. Workday To Expand Procure-To-Pay Via Scout RFP Acquisition. The acquisition of Scout RFP will help accelerate Workday's ability to deliver a comprehensive source-to-pay solution with a best-in-class strategic sourcing offering, elevating the office of procurement in strategic importance and transforming the . Scout RFP Location: Pepper Pike, OH. The strategic sourcing and supplier engagement platform will operate as Scout RFP, a Workday company. Scout developed a very focused solution that did not try to replicate the full source-to-pay which has been the business model for most companies in the space (like Ariba and Coupa). 0. The acquisition builds on top of Workday's existing procurement solutions, Workday Procurement and Workday Inventory, but Workday chief product product officer Petros Dermetzis wrote in a blog post announcing the deal that Scout gives the company a more . For Workday, which offers a single cloud-based system for finance, HR, and planning, the acquisition of ScoutRFP expands their portfolio of services: Scout is the sourcing and supplier engagement platform trusted by procurement teams to streamline their processes, manage a unified pipeline of projects, and collaborate with stakeholders and suppliers to drive more significant business impact. Announced Date Nov 4, 2019; Acquisition Type Acquisition . An ambitious entrepreneur, Alex is passionate about turning great ideas into even better companies. Workday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, has completed its acquisition of Scout RFP, a leading cloud-based platform for strategic sourcing . Company Type For Profit. Workday to acquire online procurement platform Scout RFP for $540M. Workday intends to retain the Scout name, and will rebrand it as "Scout RFP, a Workday company." This is absolutely no surprise as the one-time upstart and industry darling has created an enormous amount of goodwill that drives engagement up in the procurement realm (and drives pricing higher in the M&A realm). Coupa . Details Regarding Proposed Acquisition of Scout RFPUnder the terms of the definitive agreement, Workday will acquire Scout RFP for consideration of approximately $540 million in cash, subject to . Workday (NASDAQ: WDAY) reported fourth quarter earnings of 50 cents per share, 10 cents higher than last year, despite incurring costs associated with the acquisition of Scout RFP.Wall Street analysts were expecting just $0.40 per share. Congratulations to Alex Yakubovich, Stan Garber, Andrew Durlak and Chris Crane and the great team Scout RFP on news of your acquisition by @Workday.… Liked by Chris Yanc Welps, this just happened. Also, very transparent and have never felt blindsided, especially with the Workday acquisition and changes that Workday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, has completed its acquisition of Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement. Workday entered into an agreement to purchase Scout RFP, a cloud-based platform for strategic sourcing and supplier engagement, for approximately $540 million. See what strategic sourcing looks like. E-mail . Procurement is ready for purpose-built . So as a procurement leader, . Workday announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. The acquisition builds on top of Workday's existing procurement solutions, Workday Procurement and Workday Inventory, but Workday chief product product . Synergies from Scout RFP acquisition aided Workday to win multiple customers. This was the third and likely the last such meeting, as Scout was recently acquired by Workday. During the quarter under review, the company launched Workday Help and Workday Journeys solutions to expand the capabilities of its employee experience offering -- Workday People . Blog Ventana Research: Workday Does Source to Pay Read Blog. Scout is a natural acquisition for Workday as Workday does not have sourcing functionality today. With Scout RFP now a part of Workday, customers will have the ability to expand how they plan, execute, analyze, and extend in one system through a modern source . If the . Contact Email hello@scoutrfp.com. Add to My Lists. Phone Number +1 (800) 235-4492. (the RFP) and listened deeply to customers. The acquisition of Scout RFP, which is a cloud-based supplier engagement platform, was completed in December and was expected to have squeezed Workday's Q4 . The acquired company offers a cloud-based platform for supplier engagement and strategic sourcing. Scout RFP will now operate as Scout EFP, a Workday Company, and will help Workday customers manage their current . In Cloud, Enterprise, Exit, Fundings & Exits, M&A, Mergers and Acquisitions, scout rfp, Startups, TC, TechCrunch - Funding & Exits, Technology News, Workday, workday ventures. Founded in 2005, Workday is a leading provider of enterprise cloud applications for finance and human resources. Petros framed the acquisition as the logical next step for Workday, which already offers cloud-based procurement and finance solutions. Workday will also incorporate Scout . Share more Embed. "Scout and Workday share a common commitment to deliver cutting-edge, cloud-based applications that are inherently faster to deploy and easier to use when it comes to the increasingly complex world of sourcing and supplier engagement," said Mark Peek, managing director and co-head, Workday Ventures. By Shot Ventures. Perhaps in 2021 we will see acquisitions of Scout RFP partners. Terms. Based in San Francisco, Scout RFP is designed to aid organizations with . Scout RFP is Workday's 14th acquisition, the company having been highly active in snapping up smaller companies in its 14-year history. Workday Ventures was one of the investors in an earlier round in 2018. Learn More. Ready to talk? So as a procurement leader, . The acquisition builds on top of Workday's existing procurement solutions, Workday ® Procurement and Workday ® Inventory, but Workday chief . The Workday acquisition of sourcing technology provider Scout RFP has many abuzz this morning. He joined Workday in 2019 as a part of Scout RFP acquisition. "Together, we will deliver a modern source-to-pay solution that accelerates our momentum in the spend management market and expands how customers can plan, execute, analyze, and extend in one system." The . Workday's acquisition of Scout RFP (component 3: Suite and Best-of-Breed Competitor Analysis and tips) [Nexus] By JASON BUSCH, November 6, 2019. "Together, we will deliver a modern source-to-pay solution that accelerates our momentum in the spend management market and expands how customers can plan, execute, analyze, and extend in one system," Workday CEO Aneel Bhusri said in a statement . Scout RFP acquired by Workday . Acquiring Organization: Workday Workday provides SaaS-based enterprise solutions for a company's human resources and financial management activities. Markedly, three Fortune 500 companies, which selected the solution in the fiscal first quarter, went live and are in production. The deal is expected to close by January 31, 2020 - the fourth quarter of Workday's fiscal year. The Workday acquisition of sourcing technology provider Scout RFP has many abuzz this morning. Save . Acquired Organization: Scout RFP Scout RFP is an innovative e-sourcing solution for companies in all industries. The company raised over $60 million on a post valuation of $184.5 million, according to Pitchbook data.. In addition, Workday stock has retreated from an all-time high of 226.80 set on July 12. Gone above and beyond to make some of requests possible. Workday's acquisition of Scout RFP will expand Workday's current offerings and will provide new solutions for Workday users. PLEASANTON, Calif., Dec. 09, 2019 ( ) -- Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, has completed its acquisition of Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement. Hundreds of customers use Scout RFP to source faster, drive efficiency, and maximize the value of supplier relationships. MSZxao, LrlnE, UBfsuW, lEsC, HrVOK, PcPU, ZvJojGs, IBdCy, EnuImbd, rsb, Esx,