Sometimes you acquire a business for assets and sometimes you do it for talent. Today, Workday announced that it is buying out Rallyteam, a San Francisco start-up that helps companies keep their talented employees in place by matching them with more exciting opportunities internally.
The companies did not share the purchase price nor the number of Rallyteam employees who would join Workday .
In this case, Workday seems to acquire the talent. He wants to integrate the Rallyteam team into the company's engineering unit to bolster his machine learning efforts, while leveraging the expertise accumulated over the years. years to connect employees to interesting internal projects.
"With Rallyteam, we are winning incredible members who have created a talent mobility platform that uses machine learning to help companies better understand and optimize their workforce by tailoring their interests, their skills and their relationships with jobs, projects, tasks and people. "Cristina Goldt of Workday wrote in a blog post announcing the acquisition.
Rallyteam, which was founded in 2013 and launched at TechCrunch Disrupt San Francisco in September 2014, helps employees find interesting internal projects that could be outsourced. "I knew that there were opportunities that existed [internally] because as a manager, I was constantly demanding projects even though I knew there had to be people in there. business to solve this problem, "said Huan Ho of Rallyteam to Frederic Lardinois of TechCrunch. . Rallyteam was a service designed to solve this problem.
Last fall, the company raised $ 8.6 million under the leadership of Norwest Ventures, with the participation of Storm Ventures, Cornerstone OnDemand and Wilson Sonsini.
Workday provides a SaaS platform for human resources and finance, so the Rallyteam approach fits perfectly within the framework of the Workday activity. This is the 10th acquisition for Workday and the second this year.
Workday raised more than $ 230 million before becoming public in 2012.