Hostile takeovers can lead to new beginnings—just ask Dave Duffield, whose software company PeopleSoft was acquired by Oracle in 2004. Duffield and cofounder Aneel Bhusri pivoted and launched Workday, providing cloud-based, easy-to-use software for HR and finance departments. In just 12 years, companies from Amazon to Walmart have bought into Workday’s array of applications, resulting in a record $1.57 billion in revenue last year and a soaring market value. Workday is now using machine learning to analyze a mountain of data on workers, and has features that can identify employees at risk of leaving and recommend actions to take to retain them.
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News about Workday
Research firm says Salesforce remains number two.
It just raised $8 million in a new round.
Total funding now stands at $167.5 million.
The company's CEO said customers have been asking for this.