Workday to acquire Evisort: M&A rapid analysis

Earlier this week, Workday announced its agreement to acquire Evisort, a contract lifecycle management (CLM) provider, for an undisclosed amount. According to the press release, the acquisition will enable Workday to add AI-powered document intelligence solutions across its finance and HR suite.

How might the acquisition of Evisort factor into Workday’s plans, and what might this reveal about the CLM market? Let’s dive in.