Workday Acquires AI-Powered Contract Management Platform Evisort for Undisclosed Amount

Sep 17, 2024, 04:26 PM

Workday has announced the acquisition of Evisort, an AI-powered document platform specializing in contract management, for an undisclosed amount. This strategic move is aimed at enhancing Workday's capabilities in AI-driven document intelligence across HR and finance sectors. Terrance Wampler, group general manager at Workday, highlighted the potential of Evisort's AI capabilities to surface critical insights from untapped data. Workday signed a definitive agreement to acquire Evisort, which had raised $155.6M in capital and debt.