Workday to Acquire C1.ai, a Leading Agentic Identity Platform for People and Agents
Workday, Inc. (NASDAQ: WDAY) announced it has signed a definitive agreement to acquire C1.ai, a leading agentic identity platform for people and agents. The transaction is expected to close in the fourth quarter of Workday's fiscal year 2027, ending January 31, 2027, subject to customary closing conditions. No transaction value, purchase price, or financial terms were disclosed in the press release.
Key takeaways
Workday signed a definitive agreement to acquire C1.ai, an agentic identity platform for people and AI agents.
Transaction is expected to close in Q4 of Workday's fiscal year 2027, ending January 31, 2027.
Closing is subject to satisfaction of customary closing conditions.
C1.ai will extend Workday's Agent System of Record with identity governance across Workday and other enterprise systems.
BofA Securities is financial advisor and Orrick is legal advisor to Workday.
Qatalyst is financial advisor and Ashurst Perkins Coie is legal advisor to C1.ai.
No transaction value, purchase price, or financial terms were disclosed.
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