ServiceNow and Okta Ventures are set to exit the human resources software provider, which has raised at least $57.5m in funding.

Enterprise software provider Workday has agreed to acquire Vndly, a US-based provider of human resources management software, marking exits for enterprise software producer ServiceNow and identity management software provider Okta.

The companies did not disclose the transaction price but it was reported by TechCrunch as $510m.

Vndly has developed a platform to help companies manage their external workforce personnel. It will be integrated with Workday’s product offering, with the aim of providing customers with a comprehensive view of their workforce.

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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