-- Workday is on track to
grow bookings
-- the measure of
contract value
over the course of a
Workday subscription --
more than 50 percent
in 2009. The company
expects to grow
even faster in 2010, as
major corporations
increasingly choose
SaaS alternatives to
aging, on-premise ERP
systems. Since 2005,
Workday has grown to more
than 365 employees and
has been selected by
more than 100
organizations
spanning mid-sized
businesses to the
Fortune 500.
-- Dave Duffield and
Aneel Bhusri are
now co-CEOs, with
Dave also continuing as
chairman. The two
co-founded Workday in
2005.
-- Dave will continue as
Workday's chief
customer advocate,
overseeing the
company's
commitment to
customer success
across all facets of
the business.
-- Aneel will continue
to lead Workday's
business and product
strategy along with
technology and
product development.
-- Mike Stankey joins
Workday as president and
COO and is chartered
to lead the company's
global growth
across services, finance,
and all go-to-market
programs including sales,
partnerships and
marketing. Mike has a
proven track record of
leading and growing
companies in the business
applications and technology infrastructure management sectors. Most
recently a partner at Greylock Partners, Mike spent five years as
chairman and CEO of PolyServe, a storage virtualization software
company. Prior to PolyServe, Mike was senior vice president
of North American sales for PeopleSoft, driving more than $1 billion in
sales and services revenues. During his tenure at PeopleSoft, Mike also
held various general management and sales management roles. Mike is a
graduate of the University of Wisconsin, Eau Claire, where he
earned a BBA with majors in Accounting and Management Information
Systems.
Comments on the News
"Workday is transforming enterprise software, leveraging
Software-as-a-Service to deliver continuous innovation, faster
time-to-value, and a lower cost of ownership to our customers," said Dave
Duffield, co-CEO and chief customer advocate. "This is a key time to
expand the depth of our management team, and I'm pleased to share the role
of CEO with Aneel, whose strategic business and product leadership has been
key to Workday's rapid growth and success. Mike brings to Workday an
exceptional track record of leading and growing companies and he shares the
focus on customer success and company values that Aneel and I consider core
to Workday's long-term growth."
"Enterprise applications are at an inflection point, with large, global
companies increasingly turning to SaaS and to Workday as the basis for
running their businesses," said Aneel Bhusri, co-CEO of Workday. "Despite
the economic downturn, Workday is on track for rapid growth in bookings in
2009. Mike joins us as we are planning for even faster growth in 2010 and
beyond. Having had the privilege to work with Mike for the past 15 years
at PeopleSoft, PolyServe, and Greylock, I know he is uniquely qualified to
lead Workday in the next phase of our growth."
"Workday has delivered a SaaS platform and a set of global business
applications that create customer value in ways and at speeds never even
imagined in the realm of legacy ERP systems," said Mike Stankey, Workday
president and COO. "Workday brings together ground-breaking technology, an
exceptional, proven management team, and a deep commitment to customer
success. It is a privilege to join with Dave and Aneel to lead Workday on
its course to become one of the world's great software companies."
About Workday
Workday is the leader in SaaS-based enterprise solutions for global human
resources and financial management, providing new levels of business
agility for a fraction of the cost of buying, deploying and maintaining
legacy on-premise systems. More than 100 customers, spanning mid-sized
organizations to global Fortune 500 businesses, have selected Workday.
Workday Human Capital Management and Workday Financial Management use
modern, standards-based technologies to provide an unparalleled level of
agility, ease-of-use, and integration capability. For more information
about Workday, please visit www.workday.com.
© 2009. Workday, Inc. All rights reserved. Workday and the Workday logo
are registered trademarks of Workday, Inc. Workday Enterprise Business
Services, Workday Human Capital Management, Workday Business Management,
Workday Financial Management, Workday Resource Management and Workday
Revenue Management are all trademarks of Workday, Inc. All other brand and
product names are trademarks or registered trademarks of their respective
holders.
Contact Information: Media Contact Information Andrew McCarthy Workday (925) 951-9137
