Adam Galica | CNBC
Aneel Bhusri, co-founder and CEO of Workday, at WEF 2018 in Davos, Switzerland
The private software-as-a-service company Adaptive Insights was ready to go public and across the country forthcoming IPO to its stakeholders.
Then came the cloud giant Workday and $ 1.5 billion later, Adaptive Insights became a workday affiliate.
Tom Bogan, CEO of Adaptive Insights, who named Workday Co-Founder and CEO Aneel Bhusri A friend for over a decade, CNBC said Tuesday that the swift takeover of Workday was due to two things: compatibility and trust.
"I think the key was aligning the cultures of the two companies," Bogan said in a joint interview with Bhusri. "Very customer-focused, very employee-centered, and with the working relationship that Anel and I had, there was a lot of trust needed to make a deal in a very short timeframe."
Adaptive Insights Focusing on cloud-based planning, collaboration, and analysis, which will increase Workday's market opportunities by around $ 5 billion, not to mention its 4,000 customers and its offering, Bhusri told Cramer.
Click here to read more about the full interview.