INSUBCONTINENT EXCLUSIVE:
Sometimes you acquire a company for the assets and sometimes you do it for the talent
Today Workday announced it was buying Rallyteam, a San Francisco startup that helps companies keep talented employees by matching them with
more challenging opportunities in-house.The companies did not share the purchase price or the number of Rallyteam employees who would be
joining Workday .In this case, Workday appears to be acquiring the talent
gain incredible team members who created a talent mobility platform that uses machine learning to help companies better understand and
Disrupt San Francisco in September 2014, helps employees find interesting internal projects that might otherwise get outsourced
Rallyteam was a service designed to solve this issue.
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Last fall the company raised $8.6
million led by Norwest Ventures with participation from Storm Ventures, Cornerstone OnDemand and Wilson Sonsini.Workday provides a SaaS
platform for human resources and finance, so the Rallyteam approach fits nicely within the scope of the Workday business
This is the 10th acquisition for Workday and the second this year.Chart: CrunchbaseWorkday raised over $230 million before going public in
