Acquisition

Workday Signed Definitive Agreement to Acquire Sana

San Francisco, CA (USA), October 2025 - Workday Rising 2025, the enterprise AI platform for managing people, money, and agents, has entered into a definitive agreement to acquire Sana, a leading AI company building the next generation of enterprise knowledge tools. Sana will power a new Workday experience—where knowledge, data, action, and learning come together as one and create the new front door for work.

Since its founding in 2016, Sana has been at the forefront of AI for work, developing intuitive tools that elevate humans with AI. Sana's core products, Sana Learn and Sana Agents, have already served over one million users across hundreds of enterprises.

In addition to powering a new Workday experience, Sana will continue to develop Sana Learn and Sana Agents. As part of Workday, Sana will be able to accelerate its growth and deliver even more innovation to its customers at scale.

"Sana's team, AI-native approach, and beautiful design perfectly align with our vision to reimagine the future of work," said Gerrit Kazmaier, president, product and technology, Workday.
"Our focus has always been on creating intuitive AI tools that improve how people learn and work," said Joel Hellermark, founder and CEO of Sana.

Details Regarding Proposed Acquisition of Sana

Under the terms of the definitive agreement, Workday will acquire all of the outstanding shares of Sana for approximately $1.1 billion. 

The transaction is expected to close in the fourth quarter of Workday's fiscal year 2026, ending January 31, 2026, subject to the satisfaction of customary closing conditions. Allen & Company LLC is serving as financial advisor to Workday and Orrick is serving as its legal advisor. DLA Piper is serving as Sana's legal advisor.