Monday, June 11, 2018

Workday Buys Adaptive Insights For $1.55 Billion

Pleasanton-based Workday announced this morning that it has agreed to acquire Palo Alto-based Adaptive Insights, in a deal worth approximately $1.55 billion. Workday is a developer of cloud software used for finance and human resources administration; Adaptive Insights develops cloud-based business planning software. Adaptive Insights had been poised for an IPO this week.