Workday, a financial and human resources SaaS provider, has secured $75 million in Series E funding led by New Enterprise Associates (NEA) (which contributed $45 million) with existing investors Greylock Partners and Workday CEO and co-founder Dave Duffield also participating. Duffield founded PeopleSoft, which he sold to Oracle in January 2005 for $10.3 billion. The company has raised a total of $150 million in funding.
Workday, which currently has over 80 customers, plans to use the funds to extend its product portfolio and support the company’s expansion. Workday’s software, Workday Human Capital Management and Workday Financial Management, helps companies manage human resources and finances in a single system.
Does anyone know if Workday has any Telecom providers as customers?
Yikes $90M into this ?
Perhaps the VC’s think its going to be another PeopleSoft valuation exit or Dave Duffield is just a great salesman.
Yeah for Flex!
Damn…10 billion…
Church of Dave, 200M+ shares outstanding. Seems like this “start up” better be granting their best engineers half a million shares to have a chance of making any money…
maybe now they can afford to pay someone to design a logo that’s not a citibank (by Paula Scher) rip-off
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This sounds really wonderful when a workday raises $75 Million For Human Resources Software. It would be great to have some software working on for your programs.
Thats great to me, good stuff.
Dang, thats quite the funding. Sounds like it might be a good company to invest in in the near future.
-Jack
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that’s a huge sort of funding – i hope company will be worth of it -
Dang, thats quite the funding. Sounds like it might be a good company to invest in in the near future.
oups sorry for the link