PLEASANTON, Calif. - Workday, Inc. (NASDAQ:WDAY), a provider of enterprise cloud applications for finance and human resources, has announced a definitive agreement to acquire HiredScore, a company specializing in artificial intelligence (AI) for talent acquisition.
This acquisition is set to close in the first quarter of Workday's fiscal year 2025, which ends on April 30, 2024, pending regulatory approvals and customary closing conditions.
The acquisition aims to integrate HiredScore's AI-powered talent orchestration solutions with Workday's existing talent management and skills cloud services. The merged offerings are expected to deliver a comprehensive suite of tools to enhance the talent acquisition process and internal mobility for companies globally. Both firms are committed to responsible AI, ensuring that human judgment remains central to their technology.
Workday's CEO, Carl Eschenbach, highlighted the importance of innovative solutions to unlock talent potential, stating that HiredScore's technology complements Workday's product portfolio. Athena Karp, founder and CEO of HiredScore, expressed anticipation for the opportunities this merger will create in advancing AI within the workforce.
The collaboration between Workday and HiredScore is designed to assist organizations in navigating a labor market that is becoming increasingly complex, with predictions that up to a quarter of jobs may change in the next five years. The combined solutions will focus on leveraging responsible AI to solve recruiting challenges, managing the talent lifecycle more effectively, and improving the recruiter and hiring manager experience by streamlining hiring processes.
Workday, serving over 10,000 organizations, including more than half of the Fortune 500, aims to further solidify its position in the enterprise platform space through this acquisition. HiredScore, with its technology live in 150 countries and available in 70 languages, brings to the partnership its expertise in recruitment productivity, internal mobility, and total talent management.
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