Workday Plans for Accelerated Growth; Expands Management Team

What's New

--  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.

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