A California-based public tech company will acquire a Greater Cincinnati startup in a deal worth more than half-a-billion dollars — a massive exit that comes amid a historic fundraising year for the region.
Workday Inc. (NASDAQ:WDAY) has entered into a definitive agreement to acquire Mason-based Vndly, a provider of cloud-based workforce and vendor management technology, for approximately $510 million. The deal is expected to close before Jan. 31, 2022.
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Story excerpt provided by Cincy Inno.
Written by Liz Engel.
Originally published November 19, 2021.