Congratulations to Workday, Inc. on its definitive agreement to acquire Zimit, one of the only configure price quote (CPQ) solutions built specifically for services industries.
Workday is a leading provider of enterprise cloud applications for finance and human resources. With the acquisition of Zimit, Workday will provide organizations with a comprehensive quote-to-cash process automation offering for services industries, including communications, media, technology, and professional and business services. The combination will provide organizations increased visibility across the entire revenue cycle and will help further expand the Workday product portfolio that is enabling the office of the CFO to digitally transform.
The transaction is expected to close in the third quarter of Workday's fiscal year 2022, ending October 31, 2021, subject to the satisfaction of customary closing conditions. Financial details are not disclosed.
The Orrick team advising Workday on this transaction was led by Ramy Shweiky together with Max Hyatt, Allen Babajanian, Jennifer Wang, Anika Nayyar, Sarah Schaedler, Michael Wiesner, Juliano Banuelos, Taylor Ball, Tori Downey, Matthew E.S. Coleman, Daniel Forester, Kimberly M. Loocke, Mark Thompson, Eric Wall, Shannon Yavorsky, Ryan McKenney, Kathryn Boyle, Jeanine P. McGuinness, Maria Sergeyeva, James McQuade, Jennifer Clarke-Smith, James Tierney and Matthew Gemello.