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Workday Springs From Oracle’s Hostile PeopleSoft Takeover
Aneel Bhusri
Aneel Bhusri was a top executive and board member at PeopleSoft in 2004 when Larry Ellison’s Oracle made its hostile takeover bid.
After they lost a bruising 18-month battle, he and cofounder Dave Duffield quietly left the company and nursed their wounds.
A few months later, they teamed up to start a competitor: Workday.
Like PeopleSoft, the comapny started by focusing on human resources, although it’s also moving into financial management.
But unlike Oracle, which has been slow to get into cloud-based services, Workday has been based entirely in the cloud from day one.
The company now has more than 250 large enterprise customers — including companies with as many as 200,000 employees — and is on track to double its bookings this year to $300 million. An IPO is possible late next year, Bhusri recently told Bloomberg.
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