Workday Inc., a major provider of solutions for managing finance and HR, has signed a definitive agreement to acquire Evisort, a leading AI-native document intelligence platform. This acquisition aims to enhance Workday’s offerings with advanced AI capabilities, enabling customers to manage unstructured data more effectively. Evisort’s technology, which includes proprietary AI and the first large language model specifically for contracts, will allow Workday’s clients to gain critical insights from business data in contracts, invoices, and policy documents. The acquisition will empower users to make informed business decisions quickly and efficiently, aligning with Workday’s mission to leverage data for strategic growth.
Enterprise Software, Artificial Intelligence, Document Management,United States
https://www.orrick.com/en/News/2024/09/AI-Powered-Document-Intelligence-Workday-to-Acquire-Evisort