424: Workday’s Executive Vice President of the Planning Business Unit Tom Bogan explains the rationale behind the Workday and Adaptive merger. From Adaptive’s perspective, finding the right partner was about how the company delivered the most value to the market and its impact on Adaptive’s various constituencies. Tom cites that investors primarily care about the valuation, customers care about who the acquiring entity is, and the team cares about both. Because the company had the right valuation and is the leader in both human capital management and financial planning, Adaptive saw Workday as a tremendous partner. We also discuss the benefits of operating in the Bay Area, the elements that have remained the same and those that have changed since the acquisition, how having a broad range of experiences as an operator, executive, and board member helped Tom coming into Adaptive, among other topics.
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