On Tuesday, enterprise management cloud provider Workday announced it has signed a definitive agreement to acquire contract lifecycle management (CLM) provider Evisort. “With Evisort, Workday will add AI-powered document intelligence solutions across its finance and HR suite,” the press release stated.
The acquisition is expected to close during Q3 of Worday’s fiscal year 2024, which ends Oct. 31. A team from Orrick Herrington & Suttcliffe, led by partners Ramy Shweiky and Matthew Gemello, is advising Workday in the transaction. Goodwin Procter is advising Evisort and its shareholders. The financial details of the deal were not disclosed.