Workday to acquire AI hiring firm Paradox

Workday, Inc. has entered into a definitive agreement to acquire all of the outstanding capital stock of Paradox, Inc., an AI-focused hiring technology company.

Rhea-AI Filing Summary

Workday, Inc. has entered into a definitive agreement to acquire all of the outstanding capital stock of Paradox, Inc., an AI-focused hiring technology company. The deal will close only after certain conditions are met and required regulatory approvals are received.

Workday highlights potential benefits from integrating Paradox to support an AI-powered talent acquisition suite aimed at helping customers more efficiently find, hire, and onboard workers and transform hiring processes. The company also outlines risks, including the possibility the transaction is not completed, failure to achieve expected benefits, potential negative effects on Workday’s operations or share price, and unanticipated acquisition-related expenses. A press release titled “Workday Signs Definitive Agreement to Acquire Paradox, the AI Company Redefining the Frontline Candidate Experience” is included as an exhibit.

Insights

Enterprise software M&A analyst

Workday moves to buy AI hiring firm Paradox, with benefits and execution risks highlighted.

Workday has signed a definitive agreement to acquire all outstanding capital stock of Paradox, Inc., an AI company focused on the frontline candidate experience. The filing notes plans to use Paradox to support an AI-powered talent acquisition suite that helps customers find, hire, and onboard workers more efficiently.

The transaction is conditioned on satisfying closing conditions and obtaining required regulatory approvals, so timing and certainty are not guaranteed. Workday explicitly lists risks such as the deal not closing, not achieving expected benefits, possible negative effects on operations or share price, and unanticipated expenses related to the acquisition.

Future company disclosures may clarify financial terms, integration progress, and how the combined capabilities support Workday’s plans and objectives for Paradox’s business. Investors can reference the attached press release titled “Workday Signs Definitive Agreement to Acquire Paradox, the AI Company Redefining the Frontline Candidate Experience” for additional high-level context.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Workday (WDAY) announce in this 8-K filing?

Workday announced that it entered into a definitive agreement to acquire all of the outstanding capital stock of Paradox, Inc., subject to closing conditions and required regulatory approvals.

Who is Paradox in Workday’s (WDAY) latest acquisition agreement?

Paradox, Inc. is described as an AI company redefining the frontline candidate experience, and Workday plans to use its technology to support an AI-powered talent acquisition suite.

What conditions must be met before Workday (WDAY) can complete the Paradox acquisition?

The acquisition will close only after certain conditions are satisfied and required regulatory approvals are received, as stated in the agreement between Workday and Paradox.

What benefits does Workday (WDAY) expect from acquiring Paradox?

Workday highlights potential benefits including the ability to deliver an AI-powered talent acquisition suite to help customers more efficiently find, hire, and onboard workers and transform their hiring processes.

What key risks does Workday (WDAY) cite regarding the Paradox deal?

Risks include the transaction possibly not being completed, failure to achieve expected benefits, negative effects on Workday’s business operations, operating results, or share price, and unanticipated expenses related to the acquisition.

Where can investors see more details on Workday’s (WDAY) Paradox acquisition announcement?

The filing includes Exhibit 99.1, a press release titled “Workday Signs Definitive Agreement to Acquire Paradox, the AI Company Redefining the Frontline Candidate Experience,” dated August 21, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/21/2025 - 04:06 PM Learn about SEC filing dates

0001327811FALSE00013278112025-08-212025-08-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): August 21, 2025

WORKDAY, INC.

(Exact name of registrant as specified in its charter)

Delaware			001-35680			20-2480422
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

6110 Stoneridge Mall Road

Pleasanton, California 94588

(Address of principal executive offices)

Registrant’s telephone number, including area code: (925) 951-9000

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Stock, par value $0.001			WDAY			The Nasdaq Stock Market LLC
						(Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 8 – Other Events

Item 8.01 – Other Events

On August 21, 2025, Workday, Inc. (“Workday”) entered into a definitive agreement (the “Agreement”) by and among Workday, Paradox, Inc. (“Paradox”), and certain other parties thereto. Pursuant to the Agreement, Workday will, subject to the satisfaction of certain conditions and receipt of required regulatory approvals, acquire all of the outstanding capital stock of Paradox. A copy of the press release announcing the entering into of the Agreement is attached hereto as Exhibit 99.1.

Forward-Looking Statements

This report contains forward-looking statements related to Workday, Paradox, and the acquisition of Paradox by Workday. These forward-looking statements are based only on currently available information and Workday’s current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Forward looking statements in this communication include, among other things, statements about the potential benefits and effects of the proposed transaction; Workday’s plans, objectives, expectations, and intentions with respect to Paradox’s business; and the anticipated timing of closing of the proposed transaction. Risks include, but are not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all; (ii) failure to achieve the expected benefits of the transaction; (iii) Workday’s ability to implement its plans, objectives, and other expectations with respect to Paradox’s business and its ability to deliver an AI-powered talent acquisition suite to help customers more efficiently find, hire, and onboard workers and transform their hiring processes; (iv) negative effects of the announcement or the consummation of the transaction on Workday’s business operations, operating results, or share price; (v) unanticipated expenses related to the acquisition; and (vi) other risks and factors described in our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this report.

Section 9 – Financial Statements and Exhibits

Item 9.01 – Financial Statements and Exhibits

(d) Exhibits

Exhibit Number						Description
99.1						Press release entitled “Workday Signs Definitive Agreement to Acquire Paradox, the AI Company Redefining the Frontline Candidate Experience” dated August 21, 2025
104						Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 21, 2025

Workday, Inc.

/s/ Richard H. Sauer

Richard H. Sauer
Chief Legal Officer, Head of Corporate Affairs, and Corporate Secretary