Workday Announces Intent To Acquire HiredScore, Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Workday, a leader in enterprise cloud applications for finance and human resources, has announced its intention to acquire HiredScore, a company specializing in AI-driven HR technology. The financial terms of the deal were not disclosed. This acquisition is expected to enhance Workday's HR offerings by integrating HiredScore's advanced AI capabilities.
February 26, 2024 | 9:05 pm
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Workday's acquisition of HiredScore is expected to strengthen its position in the HR technology market by adding advanced AI capabilities to its offerings.
The acquisition of HiredScore by Workday is likely to be viewed positively by investors and the market, as it enhances Workday's product offerings with advanced AI capabilities. This strategic move could improve Workday's competitive edge in the HR technology sector, potentially leading to increased market share and revenue growth. However, the impact on the stock price in the short term will also depend on the financial terms of the deal, which were not disclosed.
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