M&A Deal Summary

Workday Acquires Evisort

On September 17, 2024, Workday acquired information technology company Evisort from General Atlantic

Acquisition Highlights
  • This is Workday’s 2nd transaction in the Information Technology sector.
  • This is Workday’s 14th transaction in the United States.
  • This is Workday’s 9th transaction in California.

M&A Deal Summary

Date 2024-09-17
Target Evisort
Sector Information Technology
Buyer(s) Workday
Sellers(s) General Atlantic
Deal Type Add-on Acquisition
Advisor(s) Goodwin Procter (Legal)

Target

Evisort

San Mateo, California, United States
Evisort is an intelligent contract management platform that leverages proprietary AI to help enterprises categorize, search, and act on business-driving documents. Evisort was founded in 2016 and is based in San Mateo, California.

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Buyer(S) 1

Buyer

Workday

Pleasanton, California, United States

Category Company
Founded 2005
Sector Internet Software and Services
Employees19,415
Revenue 7.3B USD (2024)
DESCRIPTION
Workday's headquarters in Pleasanton, California.
Workday's headquarters in Pleasanton, California.

Workday is a provider of enterprise cloud applications for finance and human resources. Workday delivers financial management, human capital management and analytics applications designed for companies, educational institutions, and government agencies. Workday's software delivers embedded analytics that capture the content and context of everyday business events, facilitating fast and informed decision-making from wherever users are working. Workday was established in 2005 and is based in Pleasanton, California.


DEAL STATS #
Overall 17 of 17
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 17 of 17
State (California) 9 of 9
Country (United States) 14 of 14
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-26 HiredScore

New York, New York, United States

HiredScore is a provider of Talent Orchestration technology. HiredScore's artificial intelligence, automation, and deep integrations empower some of the largest and most innovative companies in the world to safely and transparently drive critical business outcomes in recruitment productivity, internal mobility, and total talent management. HiredScore was founded in 2013 and is based in New York City.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 146 of 147
Sector (Information Technology) 25 of 26
Type (Add-on Acquisition) 43 of 44
State (California) 22 of 22
Country (United States) 75 of 75
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 LiveMode

Rio de Janeiro, Brazil

LiveMode develops and operates distribution solutions, content production, and revenue generation for sports entities. Among its solutions, the company offers proprietary channels such as CazéTV, in partnership with streamer Casimiro Miguel. Its partners include FIFA, UEFA, the International Olympic Committee, Federação Paulista de Futebol, Athletico Paranaense, and the Brazilian Olympic Committee, among others. LiveMode was formed in 2017 and is based in Rio de Janeiro, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Zoomin

Tel Aviv, Israel

Zoomin is a knowledge and content orchestration platform. Zoomin turns the underutilized asset of technical product content into a valuable business resource. Zoomin is based in Tel Aviv, Israel.

Sell $450M