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Cloud Expo: Article

Workday Reportedly Hires Bankers for IPO

It’s supposed to be one of tech’s biggest IPOs this year
By Maureen O'Gara
Article Rating:
April 22, 2012 03:00 PM EDT
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 3,280

Workday, the SaaS house co-founded by PeopleSoft veterans David Duffield and Aneel Bhusri, has reportedly hired Goldman Sachs and Morgan Stanley to lead its anticipated IPO according to Reuters and heard from "several sources familiar with the situation." It's supposed to be one of tech's biggest IPOs this year although everything will look small after the Facebook extravaganza. Workday sells HR and financial management software to business and has raised $250 million from its VCs, including Amazon CEO Jeff Bezos' investment arm.

Published April 22, 2012 – Reads 3,280
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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