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Workday Announces Intent To Acquire Zimit

PUBLIC · WDAYSep 08, 2021

Acquiring Company

Workday

Acquired Company

ZIMIT, INC.

PleasantonDeerfield BeachSoftwareEducationinformation technology & servicesOtherInformation TechnologySoftwareEducation

Description

Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, and Zimit, one of the only configure price quote (CPQ) solutions built specifically for services industries, have signed a definitive agreement under which Workday will acquire Zimit. With Zimit, Workday will provide organizations with a comprehensive quote-to-cash process automation offering for services industries, including communications, media, technology, and professional and business services. The combination will provide organizations increased visibility across the entire revenue cycle and will help further expand the Workday product portfolio that is enabling the office of the CFO to digitally transform.

Quick answer

Workday is acquiring ZIMIT, INC., announced September 8, 2021. Workday is based in Pleasanton, California, United States.

Who acquired ZIMIT, INC?
Workday agreed to acquire ZIMIT, INC. on September 8, 2021.
How much did Workday pay for ZIMIT, INC?
The deal value was not disclosed.
What does Workday do?
Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world.
Where are Workday and ZIMIT, INC. based?
Workday is based in Pleasanton, California, United States. ZIMIT, INC. is based in Deerfield Beach, Florida, United States.
Who are the decision-makers at Workday?
Fundz holds 4 contacts at Workday. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Education and information technology & services

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Company Information

Company

Workday

Location

6110 Stoneridge Mall Rd

Pleasanton, California, United States

About

Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics have been adopted by thousands of organizations around the world and across industries – from medium-sized businesses to more than 50% of the Fortune 500. For more information about Workday, visit workday.com. © 2021. Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.

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Frequently asked

Who acquired ZIMIT, INC.?

ZIMIT, INC. was acquired by Workday, based in Pleasanton. The deal was reported on September 8, 2021. Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday is publicly traded (WDAY) and operates in Software.

When did Workday acquire ZIMIT, INC.?

Workday's acquisition of ZIMIT, INC. was reported on September 8, 2021. Workday, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ZIMIT, INC. do?

Zimit, which was founded by Ali Safadi and James Cramer, is an industry leader in Services CPQ (Configure Price Quote). It is privately held, operating in Other, and is based in Deerfield Beach.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.