Congratulations to Workday, Inc. on its definitive agreement to acquire Peakon ApS, an employee success platform that converts feedback into insights.
Workday is a leading provider of enterprise cloud applications for finance and human resources. With the acquisition of Peakon, Workday will provide organizations with a continuous listening platform with real-time visibility into employee experience, sentiment and productivity, to help drive employee engagement and improve organizational performance.
Under the terms of the definitive agreement, Workday will acquire Peakon for consideration of approximately $700 million in cash, subject to adjustments. The transaction is expected to close in the first quarter of Workday's fiscal year 2022, ending April 30, 2021, subject to the satisfaction of customary closing conditions, including required regulatory approvals.
The cross-border Orrick team advising Workday on this transaction was led by Matthew Gemello and Ramy Shweiky together with Sara Gates, Jamie Kamen, Juliano Banuelos, Shannon Yavorsky, Tori Downey, Ian Shaw, William F. Wilson, Taylor Ball, Mandy Perry, Elizabeth Monro-Davies, Matthew E.S. Coleman, Diana Gillis, Julius Schradin, Michael Wiesner, Eric Wall, Douglas Lahnborg, Jose Lamarque, James Connor, Stephen Wallace, Hendrik Völkerding, Maria Sergeyeva, Saira Henry, Jayshree Patel, Allen Babajanian, Craig Johnston, Lars Mesenbrink, Nicola Whiteley, Jonathan Rosen, James Tierney, Jonelle Afonso, Jennifer Morrill, Christina Lorenz, André Zimmermann, Marianna Karapetyan, Lara Nonninger, Glynna Christian, Jeanine P. McGuinness, Boris Marschall, Bridget Winters, Charlotte Oliver, Kimberly M. Loocke, Inga Maaske, Louisa Kallhoff, Robert Weinhold, Faraaz Samadi, Kristin Cornuelle, Rachel Conder, Emily Flanigan, Joshua Ballin-Goldsmith, Christine Zgombic, Emily Luken, Stefan Schultes-Schnitzlein, Christoph Brenner, Alexandra Beezy, Deborah Ann Abernathy, Simon Folley and Matthew Rose.