Workday Signs Definitive Agreement To Acquire Evisort; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Workday, Inc. (NASDAQ:WDAY) has signed a definitive agreement to acquire Evisort, an AI-native document intelligence platform. This acquisition aims to enhance Workday's finance and HR solutions by integrating AI-powered document intelligence, enabling customers to extract critical insights from unstructured data more efficiently.
September 17, 2024 | 1:04 pm
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Workday's acquisition of Evisort will integrate AI-powered document intelligence into its finance and HR solutions, potentially enhancing its product offerings and customer value proposition.
The acquisition of Evisort by Workday is likely to positively impact Workday's stock in the short term as it enhances its product offerings with advanced AI capabilities. This strategic move could attract more customers and improve customer satisfaction by providing better insights and decision-making tools.
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