Workday acquisition company for $ 510 million
Pleasanton-based software giant Workday, Inc. recently announced plans to acquire cloud-based workforce management technology and external vendors VNDLY for $ 510 million in the part of a definitive agreement which should be concluded in the coming weeks.
Workday, which focuses on enterprise cloud applications for finance and human resources, will use technology from Mason, Ohio-based VNDLY to complement its management services to clients to “build a strategy.” holistic workforce for all workers, ”“ gain visibility across the workforce. , including costs, “” better plan and manage workforce needs, “and” monitor compliance and security risks, “Workday officials said.
“As organizations broaden the definition of their workforce to meet growing demands for businesses and talent, they need solutions that provide a holistic view of all types of workers – including agency workers – in order to they can better plan and seize the great opportunity in front of them, ”said Pete Schlampp, chief strategy officer for Workday, in a statement.
“VNDLY is at the forefront of the supplier management industry with an innovative and intuitive approach. The powerful combination of our technologies and talents will help clients better manage the changing dynamics of their workforce, helping them keep pace with today’s changing world of work ” , he added. .
“We have seen the value of true cloud-based technologies in helping organizations adapt and evolve into a more complex workforce mix,” said Shashank Saxena, co-founder and CEO of VNDLY. “By joining Workday, we will be able to increase the value we bring to customers, helping to provide increased visibility, collaboration and monitoring of workforce needs and opportunities. “
The proposed definitive deal, announced on November 18 and slated to close on January 31, sees Workday to acquire VNDLY for approximately $ 510 million, mostly cash, subject to successful completion of the conditions. customary closing dates, including required regulatory approvals. .
Workday also revealed last month the promotions of Doug Robinson to Co-President (effective November 18) and Barbara Larson to CFO (effective February 1).
Cooking pots on fire
Pans on Fire, the familiar cookware and cookware store with a catering studio for cooking classes and private events at Hopyard Village in Pleasanton, marked its reopening under new owner earlier this month.
Bruce and Laura Schoenweiler bought the Hopyard Road business after the previous owner announced the impending closure earlier this year due to the financial impacts of the COVID-19 pandemic.
“Bruce and Laura are passionate about food and cooking, and create a special and welcoming environment for guests,” the new owners said in a statement. “They bring complementary strengths and interests to Pans on Fire. Laura loves to bake sourdough bread and create delicious desserts. Bruce’s passion leans more towards the tasty and experimental side with a focus on barbecue, modern and classic cooking techniques and cold cuts. “
Safeway officials held a reopening ceremony on November 10 to mark the completion of a renovation project for the company’s grocery store on Santa Rita Road.
The largest Safeway store on Bernal Avenue is currently undergoing a renovation which is expected to be completed by the end of the year, company officials said.
Agreement with a credit union
The Dublin-based Chabot Federal Credit Union has completed its merger with the University Credit Union, with the deal receiving “overwhelming positive support” in the recent vote by members of the financial institution serving primarily community college members Chabot and Las Positas and the town of Hayward.
Donlon Way Credit Union is now absorbed and renamed the University Credit Union, with all Dublin-based staff retained as part of the merger deal, which was first announced in August, executives said this fall . Full systems conversion is expected to be completed by next quarter.
As a result of the deal, University Credit Union now has more than $ 1 billion in assets.
New owner for CMIT
Information technology company CMIT Solutions of Pleasanton is now under new ownership, technology entrepreneur Maitjian Welke acquiring the local company which serves local business clients in Pleasanton, Dublin, Sunol, Verona, Brightside and Hayward.
Welke also owns and operates CMIT Solutions of SW Silicon Valley and CMIT Solutions of Palo Alto.
The Chabot-Las Positas Community College District unveiled a new training program with Prologis, Inc. last month to better equip people with key skills for jobs in the transportation, distribution and logistics industries.
Thanks to its digital program, Prologis has committed to training 25,000 people by 2025 and the Bay Area is one of the 15 key logistics markets, according to CLPCCD officials.
“Opportunities in the logistics industry have reached a new high as companies recognize the importance of the supply chain to their operations,” said Steven Hussain, vice president of workforce programs and community relations for Prologis. “This initiative expands access to career opportunities in this growing industry while closing the hiring gap for employers.”
District officials said the company’s online paced program complements the job placement assistance services provided by Chabot-Las Positas and its community partners.