Workday to buy Scout RFP for $540 million in all-cash deal

Workday Inc. (NASDAQ:WDAY) said late Monday it has agreed to buy Scout RFP, a cloud-based platform for sourcing and supplier engagement, for $540 million in an all-cash deal. The deal is expected to close in the fourth quarter of Workday's fiscal year 2020, which ends Jan. 31, subject to regulatory approval and other conditions, Workday said. Workday shares were flat in the extended session Monday after ending the regular trading day down 0.1%.

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