Scout RFP has agreed to a $540m acquisition by its existing shareholder Workday, which will provide exits to Salesforce Ventures and GV.
Scout RFP, a US-based developer of a sourcing platform for businesses, yesterday agreed to a $540m acquisition by one of its existing investors, enterprise software producer Workday.
The all-cash transaction will allow Salesforce Ventures and GV, respective corporate venturing divisions for cloud computing firm Salesforce and technology conglomerate Alphabet, to exit.
The deal is expected to close by the end of January 2020, subject to customary closing conditions.
Founded in 2014, Scout runs a cloud-based platform for procurement staff to…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
