M&A Deal Summary

Workday Acquires Sana

On September 16, 2025, Workday acquired software company Sana

Acquisition Highlights
  • This is Workday’s 8th transaction in the Software sector.
  • This is Workday’s 1st transaction in Sweden.

M&A Deal Summary

Date 2025-09-16
Target Sana
Sector Software
Buyer(s) Workday
Deal Type Add-on Acquisition

Target

Sana

Stockholm, Sweden
Sana is an AI company building the next generation of knowledge tools. The products serve over a million users globally and are trusted by the likes of Merck and Polestar. Sana was formed in 2016 and is based in Stockholm, Sweden.

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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 8.4B USD (2025)
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 20 of 21
Sector: Software M&A 8 of 8
Type: Add-on Acquisition M&A Deals 20 of 21
Country: Sweden M&A 1 of 1
Year: 2025 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-21 Paradox

Scottsdale, Arizona, United States

Paradox is a conversational AI and workflow automation software platform that serves human resources functions in companies. Paradox offers an AI-powered recruiting assistant, named Olivia, focused on capturing candidate data, answering general candidate questions, qualifying leads, and scheduling interviews. Paradox was founded in 2016 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-19 Pipedream

San Francisco, California, United States

Pipedream is a developer-focused integration and automation platform that helps teams connect APIs, databases, and AI workflows. It provides a serverless runtime where users can write custom logic in Node.js, Python, Go, or Bash while leveraging 2,500+ pre-built integrations. The platform supports AI agent building, secure automation, and scalable orchestration. Pipedream is based in San Francisco, California.

Buy -