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A private-equity buyout, meaning a financial firm acquires a publicly traded company using its own capital and borrowed money, may be coming for Workday (WDAY).
Silver Lake, a technology-focused private-equity group, is reportedly considering an acquisition of the human-resources and financial-management software company.
That news sent shares up roughly 18%, pushing Workday's market capitalization above $51 billion from about $43 billion before the report. Talks could still break down, and any final price remains unknown.
What the business actually looks like Workday sits at the intersection of payroll, human resources, and corporate finance systems. Companies load years of data, permissions, and business rules into the platform.
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