Mergers & Acquisitions ·
Workday agrees to acquire C1.ai in deal expected to close in Q4 fiscal 2027
WDAYWorkday, Inc.
Workday, Inc. entered into a definitive agreement to acquire all outstanding capital stock of C1.ai, a leading agentic identity platform for people and AI agents. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of Workday’s fiscal year 2027, ending January 31, 2027. BofA Securities serves as financial advisor to Workday, while Qatalyst advises C1.ai. This acquisition aims to integrate identity governance capabilities into Workday's enterprise platform. Workday operates at the heart of the enterprise, providing cloud-based software for HR, finance, and IT.