Workday Plans for Accelerated Growth; Expands Management Team

Published on September 28, 2009 in Computer & Electronics, Computer Software, Internet, Technology


Mike Stankey, Former PeopleSoft Executive, Named President and Chief Operating Officer

PLEASANTON, CALIF. (September 28, 2009) –

Workday, Inc., the leader in enterprise-class SaaS-based Human Resources (HR) and Financial solutions today expanded its management team as the company accelerates its growth plans for 2010 and beyond. Workday today appointed Mike Stankey as president and chief operating officer (COO). Dave Duffield and Aneel Bhusri are now co-chief executive officers, with Dave also continuing as chairman.

What’s New

* Workday is on track to grow bookings – the measure of contract value over the course of a Workday subscription – more than 50 percent in 2009. The company expects to grow even faster in 2010, as major corporations increasingly choose SaaS alternatives to aging, on-premise ERP systems. Since 2005, Workday has grown to more than 365 employees and has been selected by more than 100 organizations spanning mid-sized businesses to the Fortune 500.
* Dave Duffield and Aneel Bhusri are now co-CEOs, with Dave also continuing as chairman. The two co-founded Workday in 2005.
o Dave will continue as Workday’s chief customer advocate, overseeing the company’s commitment to customer success across all facets of the business.
o Aneel will continue to lead Workday’s business and product strategy along with technology and product development.
* Mike Stankey joins Workday as president and COO and is chartered to lead the company’s global growth across services, finance, and all go-to-market programs including sales, partnerships and marketing. Mike has a proven track record of leading and growing companies in the business applications and technology infrastructure management sectors. Most recently a partner at Greylock Partners, Mike spent five years as chairman and CEO of PolyServe, a storage virtualization software company. Prior to PolyServe, Mike was senior vice president of North American sales for PeopleSoft, driving more than $1 billion in sales and services revenues. During his tenure at PeopleSoft, Mike also held various general management and sales management roles. Mike is a graduate of the University of Wisconsin, Eau Claire, where he earned a BBA with majors in Accounting and Management Information Systems.

Comments on the News

“Workday is transforming enterprise software, leveraging Software-as-a-Service to deliver continuous innovation, faster time-to-value, and a lower cost of ownership to our customers,” said Dave Duffield, co-CEO and chief customer advocate. “This is a key time to expand the depth of our management team, and I’m pleased to share the role of CEO with Aneel, whose strategic business and product leadership has been key to Workday’s rapid growth and success. Mike brings to Workday an exceptional track record of leading and growing companies and he shares the focus on customer success and company values that Aneel and I consider core to Workday’s long-term growth.”
Dave Duffield, Workday’s CEO and Chief Customer Advocate

Dave Duffield, chairman, co-CEO
and chief customer advocate, Workday, Inc.

“Enterprise applications are at an inflection point, with large, global companies increasingly turning to SaaS and to Workday as the basis for running their businesses,” said Aneel Bhusri, co-CEO of Workday. “Despite the economic downturn, Workday is on track for rapid growth in bookings in 2009. Mike joins us as we are planning for even faster growth in 2010 and beyond. Having had the privilege to work with Mike for the past 15 years at PeopleSoft, PolyServe, and Greylock, I know he is uniquely qualified to lead Workday in the next phase of our growth.”
Aneel Bhusri

Aneel Bhusri, co-CEO, Workday, Inc.

“Workday has delivered a SaaS platform and a set of global business applications that create customer value in ways and at speeds never even imagined in the realm of legacy ERP systems,” said Mike Stankey, Workday president and COO. “Workday brings together ground-breaking technology, an exceptional, proven management team, and a deep commitment to customer success. It is a privilege to join with Dave and Aneel to lead Workday on its course to become one of the world’s great software companies.”
Mike Stankey, President and COO

Mike Stankey, president and COO, Workday, Inc.

About Workday
Workday is the leader in SaaS-based enterprise solutions for global human resources and financial management, providing new levels of business agility for a fraction of the cost of buying, deploying and maintaining legacy on-premise systems. More than 100 customers, spanning mid-sized organizations to global Fortune 500 businesses, have selected Workday. Workday Human Capital Management and Workday Financial Management use modern, standards-based technologies to provide an unparalleled level of agility, ease-of-use, and integration capability. For more information about Workday, please visit

© 2010. Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.

Source: Workday

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