The Workday solution is a suite of cloud applications for human capital management (including human resources, benefits and talent management), payroll, financial management, time tracking, procurement, and employee expense management.
- The market size for Workday is projected (according to IDC industry and market data) at $67 billion in 2016.
- Currently projected: $4 to $5B market cap post IPO.
- Workday filed its S-1 IPO document with the SEC, noting that of its approximately $300 million billing run rate, only ten percent is going to its financials product.
- Existing investors include: Michael Dell and Amazon's Jeff Bezos, and founders Dave Duffield and Aneel Bhusri, who were top executives at PeopleSoft, the HR software company Oracle bought in a hostile takeover.
- “Workday’s S-1 paints a fascinating story of building a multi-billion dollar SaaS company in seven years by burning over $325M in capital, and no signs of slowing down. Workday’s management team is in it for the long-haul and will be extremely successful” from David Cummings, CEO of Pardot.
The Workday’s S1 reveals the attributes of a successful emerging growth company for today’s economy as well as its strategy for growth. Not only the next hot tech IPO, Workday is an example of what it takes to be an emerging growth leader. And clearly the team assembled is in it to win it.
Read more here: Workday company profile.
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