Workday to acquire online procurement platform Scout RFP for $540M
Workday announced this afternoon that it has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. The company raised over $60 million on a post valuation of $184.5 million, according to Pitchbook data. The acquisition builds on top of Workday’s existing procurement solutions, Workday Procurement and Workday Inventory, but Workday […] Continue reading Workday to acquire online procurement platform Scout RFP for $540M
Running a company is expensive. And it’s more than just the product and employee costs that add up. From furniture to electronics, there’s a lot of day-to-day corporate spending that can be hard to keep tabs on. That’s why procurement software has become a big business. Investors are betting that Scout RFP will emerge as a leader in the space. Menlo Ventures is leading a…