Workday to acquire Pipedream to enhance AI connectivity

BARCELONA - Workday, Inc. (NASDAQ:WDAY) announced Wednesday it has entered into a definitive agreement to acquire integration platform Pipedream, in a move to expand its enterprise AI capabilities. The company, which currently trades at $225.64, has shown strong financial fundamentals with InvestingPro data revealing it holds more cash than debt on its balance sheet and maintains a healthy 2.1 current ratio.

The acquisition will give Workday’s AI agents the ability to connect with more than 3,000 pre-built connectors to business applications including Asana, Hubspot, Jira, Recurly, and Slack, according to a company press release.

Pipedream’s technology will allow Workday to extend beyond providing insights to enabling AI agents to initiate workflows, retrieve data, and execute tasks across multiple systems where work happens.

"The ultimate promise of enterprise AI is not just insights, but action," said Gabe Monroy, senior vice president of Platform, Products and Technology at Workday.

Tod Sacerdoti, founder and CEO of Pipedream, noted that joining Workday would bring their technology to more than 11,000 organizations worldwide.

The acquisition follows Workday’s recent purchases of Sana and Flowise, further strengthening its vision for an end-to-end platform for building AI agents that can understand business context and take action across workflows.

Pipedream’s active builder community is expected to accelerate the creation of new connectors, helping expand what AI agents can accomplish within the Workday platform.

The transaction is expected to close in the fourth quarter of Workday’s fiscal year 2026, ending January 31, 2026, subject to closing conditions. Financial terms were not disclosed.

Workday provides HR and finance management solutions to more than 11,000 organizations globally, including over 65% of Fortune 500 companies. The company, which InvestingPro identifies as a prominent player in the Software industry, generated $8.96 billion in revenue over the last twelve months with a solid 75.6% gross profit margin. Investors should note that Workday is scheduled to report its next earnings on November 25, 2025, which could provide further insights into its acquisition strategy and financial performance. For comprehensive analysis including Fair Value estimates and financial health metrics, check out the Pro Research Report available for this and 1,400+ other US equities.

In other recent news, Workday, Inc. announced its acquisition of Pipedream, an integration platform for AI agents, which is expected to be finalized by the end of its fiscal fourth quarter in January 2026. This move follows the completion of its acquisition of Sana, an AI company focused on enterprise knowledge tools, aiming to integrate company applications into a single platform set to launch next year. Additionally, Workday has completed its acquisition of Paradox, enhancing its recruitment capabilities with an AI-powered suite for job applications. In a separate development, Workday launched a Custom AI Model Library for its Contract Intelligence Agent, featuring over 120 pre-built AI models to analyze various contract terms across multiple business functions. This new library aims to automate the analysis of contracts, identifying key clauses and risks in documents ranging from employment agreements to vendor contracts. Analyst firm BMO Capital has reiterated its Outperform rating on Workday, maintaining a price target of $285.00. These developments highlight Workday’s ongoing efforts to expand its AI capabilities and improve its product offerings.

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