Workday said on Tuesday it would acquire artificial intelligence firm Sana for about $1.1 billion, as the human resources software provider looks to drive demand by integrating AI capabilities into its products.
The proposed transaction adds to a flurry of deal-making activities in the HR software sector, after private equity firm Thoma Bravo agreed to buy Workday rival Dayforce for $12.3 billion last month.
Shares of Workday were down about 1 per cent in premarket trading.
The transaction is expected to close in the fourth quarter of Workday’s fiscal year 2026, ending January 31.
Allen & Company is the financial adviser to Workday.
