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Workday Completes Acquisition of Sana
Prnewswire· 2025-11-04 14:15
Accessibility StatementSkip Navigation Acquisition Combines Sana's AI-Powered Search, Agents, and Learning with Workday Data and Context to Power Proactive, Personalized, and Intelligent Employee Experiences PLEASANTON, Calif., Nov. 4, 2025 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), the enterprise AI platform for managing people, money, and agents, today announced it has completed its acquisition of Sana, a leading AI company building the next generation of enterprise knowledge tools. The addition of San ...
Workday Pays $1.1 Billion for Sana's AI-Powered Workplace Tools
PYMNTS.com· 2025-09-16 20:01
Core Insights - Workday is acquiring AI company Sana for $1.1 billion to enhance its human resources platform with AI capabilities [1][2] - The acquisition aims to provide AI agents for automating repetitive tasks, creating presentations, and searching company data [2][3] - Sana's products, including Sana Learn and Sana Agents, have over 1 million users and will continue to be developed under Workday [3][4] Company Strategy - Workday's president highlighted that Sana's AI-native approach aligns with their vision to transform the future of work [2][3] - The acquisition is part of Workday's strategy to enhance user experience by delivering personalized and intelligent AI capabilities [3][4] - Recent collaborations, such as with Zuora, indicate Workday's focus on integrating advanced technologies to improve financial management and billing processes [4][5] Industry Trends - There is a growing belief among workers that generative AI can enhance productivity, with 82% of frequent users supporting this view [5] - Concerns about job displacement are rising, particularly among regular users of generative AI, with 50% fearing it could eliminate their jobs [6][7] - As familiarity with generative AI increases, workers are becoming more aware of its potential risks, impacting their perceptions of job security [6][7]
Workday Acquires AI Startup Sana For $1.1 Billion
Yahoo Finance· 2025-09-16 15:59
Core Insights - Workday Inc. has entered into a definitive agreement to acquire Sana, an AI company, for approximately $1.1 billion, aiming to enhance its enterprise knowledge tools [1][4] - The acquisition is expected to accelerate Sana's growth and innovation, allowing it to continue developing its products, including Sana Learn and Sana Agents [2][4] - Workday plans to integrate knowledge, data, actions, and learning into a single interface, creating what it describes as the "work experience of the future" [3][4] Financial Details - Workday will acquire all outstanding shares of Sana for about $1.1 billion, with the deal expected to close in the fourth quarter of Workday's fiscal 2026 [4] - As of July 31, 2025, Workday reported cash, cash equivalents, and marketable securities totaling $8.19 billion [5] Strategic Initiatives - The acquisition will leverage Workday's data on people and finances, along with its partner ecosystem, to provide a more personalized employee experience [3][4] - More than 15 portfolio companies from Workday Ventures have joined its Agent Partner Network, integrating AI agents into the Workday Marketplace [6]
Workday Signs Definitive Agreement to Acquire Sana
Prnewswire· 2025-09-16 13:00
Core Insights - Workday has announced a definitive agreement to acquire Sana for approximately $1.1 billion, aiming to enhance its enterprise AI platform and create a new integrated work experience [9] Group 1: Acquisition Details - The acquisition is expected to close in the fourth quarter of Workday's fiscal year 2026, ending January 31, 2026, pending customary closing conditions [9] - Allen & Company LLC is serving as financial advisor to Workday, while Orrick is its legal advisor; DLA Piper is advising Sana [9] Group 2: Impact on Workday - The integration of Sana's AI-powered tools will transform Workday into a proactive, personalized, and intelligent platform for employee experiences [3][4] - Workday aims to leverage Sana's capabilities to enhance employee engagement and streamline workflows, ultimately improving productivity [4][5] Group 3: Sana's Contributions - Sana has developed tools like Sana Learn and Sana Agents, which have served over one million users and are designed to elevate human capabilities with AI [2][11] - Sana's AI-native learning platform has demonstrated significant improvements in learning engagement and efficiency across various industries, such as a 275% increase in engagement for a global electric vehicle manufacturer [7][8] Group 4: Future Vision - The acquisition aligns with Workday's vision to reimagine the future of work by combining knowledge, data, and actions into a cohesive experience [3][4] - Workday plans to enhance its learning capabilities with hyper-personalized skill-building and AI-driven content creation, supporting employee reskilling and upskilling initiatives [8]