Financial and human capital software provider Workday Inc. announced on Dec. 21 that it completed its acquisition of VNDLY, a contingent labor vendor management system. Workday had first announced its intention to acquire the VMS provider on Nov. 18.
The deal called for Pleasanton, California-based Workday to pay $510 million for VNDLY.
“By joining Workday, we’ll be able to expand the value we bring to customers, helping provide greater visibility, collaboration and oversight to workforce needs and opportunities,” VNDLY co-founder and CEO Shashank Saxena said at the time of the initial announcement.
Workday will continue to partner with and invest in VNDLY’s managed services provider network and VNDLY will continue to support and integrate with third-party HR, finance, IT and legal systems.