VNDLY, Inc. Asset Profile

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Year established

2017

Location

Mason OH US

Primary Industry

Software

About

Based in Ohio, US, and founded in 2017 by Narayana Surabhi, and Shashank Saxena, Vndly Inc. is a provider of a SaaS-based platform that allows businesses to source, recruit and manage the workforce. In June 2020, VNDLY, Inc. raised an undisclosed amount of venture funding from Okta Ventures. In November 2021, Workday, Inc. agreed to acquire VNDLY, Inc. from Bowery Capital, EPIC Ventures, Vine St. Ventures, Battery Ventures, Cintrifuse, Hyde Park Venture Partners, Insight Partners, ServiceNow Ventures, Madrona Venture Group, and Okta Ventures for approximately USD 510 million in cash. The transaction is expected to close in the fourth quarter of 2022. As of December 2021, Shashank Saxena is the CEO of VNDLY, Inc. VNDLY, Inc. offers multiple solutions, including extended workforce management, statement of work, total talent acquisition, and independent contract management to MSPs and vendors for their procurement, human resource, IT, finance, and legal departments across healthcare, manufacturing, finance, energy, technology, professional services, and higher education industries. In addition, the company’s SaaS-based platform streamlines the talent sourcing process, ranks and matches applicants' technical capabilities and personality traits, automates workflow from job requisition to job closure and manages performance ratings. VNDLY, Inc. plans to use its acquisition by Workday, Inc. to continue to support and integrate with third-party HR, finance, IT, and legal systems. In addition, VNDLY also plans to provide enterprises with unified workforce optimization solutions to manage workers in terms of salary, work hours, contingent, and outsourcing. VNDLY will also support talent strategy, including compliance, workforce planning needs, and insights into costs.

Current Investors

EPIC Ventures, Vine St. Ventures, Bowery Capital

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Primary Industry

Software

Sub Industries

HR & Workforce Software, Analytics & Performance Software

Website

www.vndly.com

Verticals

Artificial Intelligence, Cloud Computing

Company Stage

Acquired

Total Amount Raised

Subscriber access only

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