Workday’s acquisition of Scout RFP signals continued interest in the B2B supplier management and engagement market. We look at financing and market trends in the space.
On November 4th, Workday announced an agreement to acquire Scout RFP, a cloud-based sourcing and supplier engagement platform for procurement teams, for $540M. Scout RFP brings 300,000 users in over 150 countries to Workday’s platform.
We take a look at the Scout RFP transaction to understand:
- Transaction rationale, comparable M&A transactions, and valuations
- The broader B2B supplier management market landscape and market size
- Workday’s M&A activity
- Competitors & substitutes to Scout RFP that may be M&A targets
- Other potential acquirers in the space