Kenexa vs Workday
Last updated: January 28, 2021
IBM Kenexa delivers talent management solutions across the entire employee lifecycle that are backed by behavioral science insight and the unique combination of content, technology and services. Where other companies focus on just one piece, we bring them all together to create the best picture for each company’s success.
Workday is a leading provider of enterprise cloud applications for human resources and finance. Workday delivers human capital management, financial management, and analytics applications designed for the world’s largest organisations. Hundreds of companies, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Workday.
Kenexa vs Workday in our news:
2021. Workday nabs employee feedback platform Peakon for $700M
Workday is acquiring employee feedback platform Peakon for $700M. Managers of large organizations know that the bigger and more spread out your firm becomes, the more challenging it is to understand what’s happening across the company. The company uses weekly surveys to ask specific questions about the organization. For them it’s all about getting good data, and so far customers have used the platform to ask over 153 million questions since inception six years ago.
2019. Workday to acquire online procurement platform Scout RFP for $540M
Workday has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. The acquisition builds on top of Workday’s existing procurement solutions, Workday Procurement and Workday Inventory. The company is trying to be the end-to-end cloud back office player and one of their big gaps has been in procurement. A lot of the Workday investments are in portfolio companies that are complimentary to Workday’s larger vision of the future of Cloud ERP. Today’s definition of ERP includes finance, HCM (human capital management), projects, procurement, supply chain and asset management
2018. Workday acquired financial modelling startup Adaptive Insights
Cloud-based HRM service Workday is buying Adaptive Insights, a provider of cloud-based business planning and financial modeling tools, for $1.55 billion. For Workday it's an attempt to become the go-to place for all for back-office services for its business customers: the company plans to integrate Adaptive Insights’ tools into its existing platform. Adaptive Insights has thousands of customers, and its growth mirrors that both of cloud services and specifically about how business intelligence has developed into a distinct software category of its own over the years, with not just the CFO but an army of in-house analysts relying on analytics of a business’ data to help make small and big decisions.
2018. Workday acquired AI-HR-startup Rallyteam
Workday acquired Rallyteam, startup that helps companies keep talented employees by matching them with more challenging opportunities in-house. Workday wants to take the Rallyteam team and incorporate it into the company’s engineering unit to beef up its machine learning efforts, while taking advantage of the expertise it has built up over the years connecting employees with interesting internal projects. Workday provides a SaaS platform for human resources and finance, so the Rallyteam approach fits nicely within the scope of the Workday business.
2017. Workday acquired CRM startup Pattern
Financial management and HR software vendor Workday acquired two-year-old, Redwood City, Calif.- based startup Pattern. Thus Workday is going to compete with Salesforce and other alternatives. Pattern had aimed to lighten the load of managing customer relationships for salespeople and was funded by Felicis Ventures, SoftTech VC, First Round Capital, and various angel investors, who last year provided the company with $2.5 million in seed funding. Some of Workday’s past acquisitions include big data analytics vendor Platfora, acquired last year, and the online learning company Zaption, which Workday also acquired last year and promptly shut down. Terms for both deals were not disclosed.
2015. Workday is going to fund machine learning startups
Workday, the finance and human resources SaaS software provider, announced a new program called Workday Ventures, an investment arm focusing on startups with a machine learning bent. It intends to fund 10-12 companies this year and it has already funded several companies including Thinair, a security service; Unbabel, an online translation tool; Metanautix, a company creating tools to make sense of big data and Jobr, a mobile tool for searching and applying for jobs. As early stage startups with an emphasis on machine learning, these are the types of companies Workday is hoping to work with. Unlike a typical venture capital firm, Workday isn’t setting up a fund with a specific amount of money looking for a set return on its investments. Instead, it sees this as a strategic, rather than a financially motivated project.
2014. IBM adds more business intelligence to its Kenexa talent management suite
IBM announced three new cloud-based predictive HR services, all of which include consultative engagements from Kenexa workforce scientists. IBM Kenexa Predictive Hiring helps to model high-impact roles such as sales associates in retail, brokers and advisors in finance, researchers in the pharmaceutical industry, or production line workers in manufacturing. Then the system tests for those skills by creating assessments that are embedded into the cloud-based recruitment platform. IBM Kenexa Workforce Readiness assesses the skills that organizations have in place and then predicts the crucial job families required for a customer-driven organization geared to emerging market conditions. IBM Kenexa Predictive Retention has three components. First, it offers senior HR leaders a predictive understanding of the people who are at risk of leaving. With the rollout of a new Talent and Change consulting practice, IBM also introduced four consulting services aimed at companies in transition.
2014. Workday acquires HR predictive analytics company Identified
Online ERP and HRM giant Workday has acquired Identified, a company that offered predictive analytics human resources software. Workday says that the company’s “product development team is expected to enhance search capabilities and accelerate the delivery of predictive analytics and machine learning throughout Workday’s suite of applications.” Identified provides professional job search engine and analytics-based recruiting software. Part of its secret sauce was its patent-pending, artificial intelligence technology called “SYMAN,” which aims to organize the masses of disparate, incoherent professional data that lives in social media profiles in order to identify new insights into the job market.
2012. IBM acquires social HCM Kenexa, outpaces Salesforce in the Social Enterprise race
Last week IBM acquired (for $ 1.3 billion) the SaaS talent management system Kenexa. After all, all software giants are now buying SaaS talent management systems (Salesforce acquired Rypple, SAP acquired SuccessFactors, Oracle acquired Taleo). Therefore, IBM management thought that it's a good decision. Moreover, Kenexa is not just a SaaS talent management system, it's the Social SaaS talent management system (it allows to use Twitter and Facebook for attracting talents and building relationships with them). And all Social is very appreciated in our days. Even despite of the fact that since 2007 Kenexa has posted losses totaling about $150 million. (It's very interesting, how it can be loss-making, having 8.900 customers, including Starbucks, Walmart, Verizon).