On January 28, 2021, Pleasanton, California-based Workday, Inc., a leading provider of enterprise cloud applications for finance and human resources, and Peakon ApS signed a definitive agreement under which Workday will acquire Peakon in an all-cash transaction. Wilson Sonsini Goodrich & Rosati is advising Peakon in the deal.

Founded in Denmark, Peakon is an employee success platform that converts feedback into insights you can put to work. With the acquisition of Peakon, Workday will provide organizations with a continuous listening platform, including real-time visibility into employee experience, sentiment, and productivity, to help drive employee engagement and improve organizational performance.

Under the terms of the agreement, Workday will acquire Peakon for approximately $700 million in cash, subject to adjustments. The transaction is expected to close in the first quarter of Workday’s fiscal year 2022, subject to the satisfaction of customary closing conditions.

The Wilson Sonsini team advising Peakon in the transaction includes the following attorneys:

Corporate / M&A
Mark Holloway, Partner
Daniel Glazer, Partner
Michael Labriola, Partner
John Lynch, Associate
Diviya Padman, Associate

Tax
Derek Wallace, Partner-Elect

Antitrust
Beau Buffier, Partner

Privacy
Carol Evrard, Associate