WALNUT CREEK, CA--(Marketwire - February 6, 2008) - Workday™, Inc. is delivering Integration On Demand, making it simple for Workday customers to link technology solutions to meet business requirements. Workday has reached a definitive agreement to purchase Cape Clear, the industry's leading Enterprise Services Bus (ESB) provider. The Cape Clear ESB, already a component of every Workday deployment, provides universal, open standards-based connectivity for virtually all types of business applications, information and processes.
Workday President Aneel Bhusri and Cape Clear CEO Annrai O'Toole will discuss the news in a conference call today at 10 a.m. Pacific Time.
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The News: Acquisition details
* Workday has reached a definitive agreement to purchase Cape Clear Software, Inc.
* Cape Clear has been recognized as the industry's leading ESB by top research firms, including Forrester.
* Cape Clear will become Workday's integration team, based in Dublin, Ireland, with additional resources in Walnut Creek, Calif.
* Annrai O'Toole, chief executive officer of Cape Clear, will join the Workday management team as vice president, Integration.
* The Cape Clear solution will no longer be offered standalone and will be available only as part of Workday Integration On Demand.
* Workday will continue to support existing Cape Clear customers.
* Financial terms are private and Workday expects to complete the purchase in 30 days.
What's New: Integration On Demand
* Companies want solutions that work together to meet business requirements:
-- On-premise enterprise software providers have added integration frameworks to their solutions. While frequently built on new technology, they still tend to be massive and complicated, requiring the same big teams of IT professionals months or even years to implement, maintain and upgrade.
-- Workday started with integration as a core capability and has effectively delivered Cape Clear's ESB in each of its customer deployments, providing packaged and custom integrations that are designed, built and deployed in weeks.
* Workday sees integration as a core requirement for customers. This announcement reflects Workday's intent to take greater responsibility for customer integrations, expanding its investment and focus on integrations in three areas:
-- Packaged: Workday offers a growing number of common integrations to solutions such as payroll. These connections are managed by Workday as a service, and the company will continue to add to this portfolio.
-- Custom: Workday and its partners deliver tailored connections between Workday and third-party or custom applications. These links can be provided as a Workday service or implemented on premise, based on customer requirements.
-- Personal: Workday offers business users easy ways to link productivity applications, such as Microsoft Excel®, to live Workday data, making it simple to create and share reports and tools with users across the enterprise.
Comments on Integration On Demand
"Integrating business applications has always been much too difficult. At Workday, we made integration a core capability from the very start, and adding Cape Clear to our portfolio serves to deepen our focus and capability in this vital area," said Aneel Bhusri, Workday president. "Increasingly, customers are looking to Workday to build and manage integration as a service. With Cape Clear's ESB, we expect to rapidly increase our portfolio of both packaged and custom integration capabilities."
"Workday has been one of the most vibrant examples of Cape Clear's vision for enterprise integration, enabling customers to focus more on business results and less on the nuts and bolts of complex IT projects," said Annrai O'Toole, chief executive officer of Cape Clear. "Joining Workday represents a huge opportunity for the Cape Clear team to deliver the future of integration for enterprise solutions."
About Cape Clear
Cape Clear is the ESB Platform Leader that delivers proven on-demand integration reliability, scalability, and performance to connect any content, services or software across the internet using Web services. Recognized by Gartner, Forrester, and IT-Week Magazine as the leading ESB, Cape Clear is in deployment by leading financial services, communications, software on demand, media, government, energy, transportation, and defense organizations. Founded in 1999, Cape Clear Software is a privately-held firm with locations in Dublin, Ireland and San Mateo, Calif. For more information, please visit http://www.capeclear.com.
Workday is delivering the first on-demand alternative to ERP, with a new generation of solutions designed to meet the needs of today's dynamic and global businesses. Built on a completely new model, Workday Human Capital Management and Workday Financials use the most modern, standards-based technologies to provide an unparalleled level of agility, ease-of-use, and integration capability. For more information about Workday, please visit www.workday.com.
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