The Workday acquisition of sourcing technology provider Scout RFP has many abuzz this morning.
Announced yesterday afternoon — when Spend Matters broke the story — the acquisition of Scout RFP by Workday is worth some $540 million in cash, and “opens up more of the extremely fast growing S2P space to Workday (which some value at $50 billion as a total addressable market), and Workday benefits from a product known more for its usability and adoption than just about any other sourcing platform on the global market,” said Michael Lamoureux, Spend Matters’ lead analyst in sourcing technology.
Quick on our breaking story’s heels came a first-take analysis by Jason Busch on newly announced subscription platform Spend Matters Nexus, outlining Scout RFP’s background, strengths & weaknesses and the rationale of the deal (paywall). Then came a competitive analysis for the ERP market segment including providers.
Not yet a subscriber? Spend Matters has published this handy-dandy guide (free) with some quick takes on this deal.
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U.S.-China competition in artificial intelligence heats up
On Monday, a U.S. government commission on artificial intelligence (AI) said in a report that keeping in mind national security, the U.S. government needs to fund more A.I. research and train an A.I.-ready workforce, according to Fortune. The National Security Commission on Artificial Intelligence, which is chaired by former Google chief executive Eric Schmidt and includes the CEOs of Amazon Web Services and Oracle, raised concerns about A.I. development in China, where the government invests more in A.I. than the U.S.
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