Adam Galica | CNBC
Aneel Bhusri, co-founder and CEO of Workday, at the 2018 WEF in Davos, Switzerland.
Private software-as-a-service company Adaptive Insights was ready to go public, traveling around the country promoting its upcoming initial public offering to its stakeholders.
Adaptive Insights CEO Tom Bogan, who has called Workday co-founder and CEO Aneel Bhusri a friend for over a decade, told CNBC on Tuesday that Workday’s rapid takeover came down to two things: compatibility and trust.
“I think the key was the alignment of cultures of the two companies,” Bogan told Cramer in a joint interview with Bhusri. “Very customer-centric, very employee-centric, and with the working relationship Aneel and I had, there was a lot of trust, which was required to do a deal in a very short time frame.”
Adaptive Insights, which focuses on cloud-based planning, collaboration and analytics, will add some $5 billion to Workday’s market opportunity, not to mention its 4,000 customers and suite of offerings, Bhusri told Cramer.
Click here to watch and read more about the full interview.