TechTaffy

tech:

taffy

Workday to acquire Adaptive Insights

By Sudarshana Banerjee

Cloud ERP company Workday has acquired Adaptive Insights, a cloud-based platform for modernizing business planning, for approximately $1.55 billion.

The transaction is expected to close in the third quarter of Workday’s fiscal year 2019, ending October 31, 2018, subject to the satisfaction of customary closing conditions.

Allen & Company is serving as exclusive financial advisor to Workday, and Fenwick & West is serving as its legal advisor. Morgan Stanley is acting as financial advisor to Adaptive Insights, and Cooley is serving as its legal advisor.

[Image courtesy: Workday]

Also see:

IT

Palantir, Panasonic Energy form partnership for AI-driven smart factory operations

Panasonic Energy has teamed up with Palantir Technologies to deliver an AI-driven smart factory for their facility in Sparks, Nevada.
IT

Cisco to acquire Armorblox

Cisco has announced plans to acquire Armorblox, a cybersecurity firm specializing in the use of Large Language Models (LLMs) and natural language understanding. 
IT

Jacobs, Palantir amplify partnership, driving AI innovations in infrastructure and supply chain management

Jacobs, a global technology-forward solutions provider, is scaling up its collaboration with Palantir Technologies, known for its advanced artificial intelligence (AI) capabilities.
IT

Microsoft, Fujitsu forge strategic partnership; outline Uvance investment

Fujitsu and Microsoft have inked a five-year strategic alliance to accelerate their existing partnership. Both companies are investing in the growth of Fujitsu's multibillion-dollar Uvance business, as part of the collaboration.
IT

MongoDB, Alibaba extend partnership for enhanced database services

MongoDB and Alibaba Cloud, the digital technology component of Alibaba Group, have announced a four-year extension to their existing global partnership.