"Together, we will further our focus on enabling customers to continually streamline and . 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 . With Scout RFP now part of Workday, customers will be able to expand how they plan, execute, analyze, and extend in one system . 2019's top 5 most-viewed Nexus articles: 20 guidelines ... Alex led Scout RFP as its CEO from its inception in 2014 to its acquisition by Workday in 2019. Workday (WDAY) Q4 Earnings Surpass Estimates, Stock Down ... Founded in 2005, Workday is a leading provider of enterprise cloud applications for finance and human resources. Workday partner consolidation continues - Enterprise Times Scout RFP Appoints Yvette Kamperin to Head Talent Acquisition. Markedly, three Fortune 500 companies, which selected the solution in the fiscal first quarter, went live and are in production. Workday Does Source-to-Pay . Learn More. Scout RFP Location: Pepper Pike, OH. Workday entered into an agreement to purchase Scout RFP, a cloud-based platform for strategic sourcing and supplier engagement, for approximately $540 million. 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 . Workday Archives - Shot Ventures The company raised more than $60 million on a post . The company raised more than $60 million on a post valuation of $184.5 million, according to PitchBook data. Petros framed the acquisition as the logical next step for Workday, which already offers cloud-based procurement and finance solutions. COBALT advised Workday, Inc. on the cross-border acquisition of online procurement platform Scout RFP in relation to Latvian law issues. 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 . Scout RFP welcomes Yvette Kamperin as Vice President of Talent Acquisition and the latest addition to its executive team. Scout is a cloud based sourcing app that gives enterprises greater visibility and control over their sourcing process. As the big workday SI's look to increase expertise, assuming the Scout acquisition is . 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'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 . Procurement is ready for purpose-built . Scout RFP acquired by Workday . 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 . December 09, 2019 16:01 ET | Source: Workday, Inc. Ready to talk? The acquisition builds on top of Workday's existing procurement solutions, Workday Procurement and Workday Inventory, but Workday chief product product . 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 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). These consist of managing the sourcing of specific products and . (the RFP) and listened deeply to customers. 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. Phone Number +1 (800) 235-4492. 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 . Workday announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. The strategic sourcing and supplier engagement platform will operate as Scout RFP, a Workday company. Add to My Lists. Workday was a strategic investor in Scout RFP, which had raised over $60 million as of its Series C round. Gone above and beyond to make some of requests possible. Workday to acquire online procurement platform Scout RFP for $540M. 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 . Also, very transparent and have never felt blindsided, especially with the Workday acquisition and changes that 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. Workday will also incorporate Scout . Leading Strategic Sourcing and Supplier Engagement Platform to Operate as Scout RFP, a Workday . 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. 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 . "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. 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. He joined Workday in 2019 as a part of Scout RFP acquisition. Petros framed the acquisition as the logical next step for Workday, which already offers cloud-based procurement and finance solutions. Workday had come to a definitive deal in early November to acquire the company for about $540M in cash. Recent acquisitions include Trusted Key Inc., Stories and . At year-end, Workday was finalizing its new go-to-market rules of engagement . 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 . 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). Article Related Press Releases (1) Related Articles (1) Stock Quotes (1) Comments (0) FREE Breaking News Alerts from StreetInsider.com! The . Announced Date Nov 4, 2019; Acquisition Type Acquisition . 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. 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 . 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. The company raised over $60 million on a post valuation of $184.5 million, according to Pitchbook data.. Workday will also incorporate Scout . The acquisition is meant to help Workday expand its portfolio of procure-to-pay services . Summary. Workday Ventures, the strategic investment arm of Workday, invested in Scout RFP in January 2019. Based in . Before joining Scout, Jonas […] "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 . Workday Ventures was one of the investors in an earlier round in 2018. Hundreds of customers use Scout RFP to source faster, drive efficiency, and maximize the value of supplier relationships. phatpc/AdobeStock. 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. Share more Embed. Why . 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 . At year-end, Workday was finalizing its new go-to-market rules of engagement . Markedly, Scout RFP is fully integrated and has been re-branded as "Workday Strategic Sourcing," which is part of spend management domain. Workday Completes Acquisition of Scout RFP. 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. Workday's acquisition of Scout RFP (component 3: Suite and Best-of-Breed Competitor Analysis and tips) [Nexus] By JASON BUSCH, November 6, 2019. 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. 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 . Workday closes Scout RFP acquisition. Synergies from Scout RFP acquisition aided Workday to win multiple customers. Scout RFP will now operate as Scout EFP, a Workday Company, and will help Workday customers manage their current . Workday has entered into an agreement to acquire Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement. 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 . The acquisition builds on top of Workday's existing procurement solutions, Workday Procurement and Workday Inventory, but Workday chief product product . Workday entered into an agreement to purchase Scout RFP, a cloud-based platform for strategic sourcing and supplier engagement, for approximately $540 million. This Coupa . Acquiring Organization: Workday Workday provides SaaS-based enterprise solutions for a company's human resources and financial management activities. An ambitious entrepreneur, Alex is passionate about turning great ideas into even better companies. phatpc/AdobeStock. Workday is going to acquire cloud-based procurement and e-software company Scout RFP for $540 million, according to reports. Talk to Sales. Workday announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. Spark, the Scout annual user group meeting. 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. 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). See what strategic sourcing looks like. 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 . 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. 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. It delivers financial management, human capital management, planning and . Workday announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. By Shot Ventures. "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 . 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. 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. At Scout, Jonas was responsible for defining GTM strategy while building out solution consulting, value engineering, customer success and sales ops and enablement teams. 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 . It delivers financial management, human capital management, planning and . 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 . Save . The acquisition of Scout RFP will allow it to create a more end-to-end offering, the company said. Scout RFP is a cloud-based platform for sourcing and supplier management, focused on strengthening the supplier and stakeholder relationship. 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). 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. It is 18 months since Workday acquired Adaptive insights and 2 months since it acquired Scout RFP. Twilio . Scout's software complements these functions, covering the source-to-purchase (STP) activities that precede P2P. With Scout RFP now part of Workday, customers will be able to expand how they plan, execute, analyze, and extend in . 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. So as a procurement leader, . Synergies from Scout RFP acquisition aided Workday to win multiple customers. 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 . 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 . In Cloud, Enterprise, Exit, Fundings & Exits, M&A, Mergers and Acquisitions, scout rfp, Startups, TC, TechCrunch - Funding & Exits, Technology News, Workday, workday ventures. 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. The acquisition of Scout RFP may well foreshadow Workday's attempts to leapfrog competitors like Coupa, GEP, and others in the procurement space. 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. Leading cloud applications provider for finance and HR - Workday - has signed a definitive agreement to acquire Scout RFP. Workday is a cloud solutions provider for financial and human resources. During the quarter under review, the company rolled out two new offerings, VIBE Central and VIBE Index, to aid HR . Workday announced this afternoon that it has entered into an agreement to acquire online . Workday ® announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. 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 . 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. Get in touch. The Workday acquisition of sourcing technology provider Scout RFP has many abuzz this morning. Company Type For Profit. Workday will acquire Scout RFP in an all cash transaction for $540 million. Synergies from Scout RFP acquisition aided Workday to win multiple customers. If the . Workday (NASDAQ:WDAY) has closed on its acquisition of Scout RFP. 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 . Procurement is ready for purpose-built . (the RFP) and listened deeply to customers. Contact Email hello@scoutrfp.com. The company raised over $60 million on a post valuation of $184.5 million, according to Pitchbook data.. Hundreds of customers use Scout RFP to source faster, drive efficiency, and maximize the value of supplier relationships. 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 . The acquired company offers a cloud-based platform for supplier engagement and strategic sourcing. Perhaps in 2021 we will see acquisitions of Scout RFP partners. Scout RFP has continously offers ways to use the tool that would meet our business needs. Legal Name Scout RFP, a Workday company. Workday's acquisition of Scout RFP will expand Workday's current offerings and will provide new solutions for Workday users. Twilio's selloff presents 'attractive' buying opportunity, BofA says . 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. Scout is a natural acquisition for Workday as Workday does not have sourcing functionality today. Workday has reached an agreement to acquire Scout RFP for around $540 million, subject to adjustments. Acquisition. This was the third and likely the last such meeting, as Scout was recently acquired by Workday. In addition, Workday stock has retreated from an all-time high of 226.80 set on July 12. Workday (WDAY) to Acquire 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. Overview. Workday To Expand Procure-To-Pay Via Scout RFP Acquisition. Scout RFP is Workday's 14th acquisition, the company having been highly active in snapping up smaller companies in its 14-year history. Terms. E-mail . The transaction . 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 . 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 . 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 . Jonas runs Enterprise Growth, Operations and Customer Support teams at Scout RFP, a Workday company. In late February I attended . The Workday acquisition of sourcing technology provider Scout RFP has many abuzz this morning. The acquisition builds on top of Workday's existing procurement solutions, Workday ® Procurement and Workday ® Inventory, but Workday chief . Workday is going to acquire cloud-based procurement and e-software company Scout RFP for $540 million, according to reports. --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 . Blog Ventana Research: Workday Does Source to Pay Read Blog. So as a procurement leader, . Based in San Francisco, Scout RFP is designed to aid organizations with . Acquired Organization: Scout RFP Scout RFP is an innovative e-sourcing solution for companies in all industries. The transaction . Posted November 4, 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." The . Press Release Workday Completes Acquisition of Scout RFP Read Press Release. 0. 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. Will companies like Kainos and Accenture look to acquire Scout RFP partners in the future? Founded in 2005, Workday is a leading provider of enterprise cloud applications for finance and human resources. Scout's users represent a new breed of purchasing managers and executives looking to change the role of the purchasing department. Workday, Inc., a leader in enterprise cloud applications for human resources and finance, has completed its acquisition of Scout RFP. 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. The deal is expected to close by January 31, 2020 - the fourth quarter of Workday's fiscal year. Scout is a natural acquisition for Workday as Workday does not have sourcing functionality today. "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. 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