Workday, Inc. entered into a definitive agreement to acquire Pipedream, a low‑code integration platform that connects AI agents to more than 3,000 business applications—including Asana, HubSpot, Jira, Recurly, and Slack—on November 19 2025. The deal will allow Workday’s AI agents to securely pull data and execute tasks across both Workday and external systems, extending the company’s AI capabilities beyond its core HR and finance data.
Pipedream’s extensive connector library and AI Agent Builder give Workday customers the ability to automate workflows across the entire enterprise, accelerating the transition from insight to action. The acquisition is part of Workday’s broader strategy to build an end‑to‑end AI platform for managing people, money, and agents, and to become the “agent system of record.” It complements recent purchases such as Sana, Paradox, and Flowise, creating a unified ecosystem that can orchestrate AI agents across Workday and third‑party services.
The transaction is expected to close in the fourth quarter of Workday’s fiscal year 2026, which ends on January 31 2026, and is subject to customary closing conditions. No financial terms were disclosed, but the move signals Workday’s willingness to invest heavily in AI infrastructure to capture a larger share of the growing enterprise AI market. The acquisition also positions Workday against competitors like Salesforce, ServiceNow, and SAP, who are similarly expanding their AI and automation offerings.
Workday’s recent financial performance underscores the strategic fit of the deal. In Q2 FY2026, the company reported total revenues of $2.348 billion, up 12.6% year‑over‑year, and a non‑GAAP operating margin of 10.6%. The company’s full‑year FY2026 guidance projects subscription revenue of $8.815 billion, a 14.2% increase, reflecting confidence in continued demand for its AI‑enabled platform. The Pipedream acquisition is expected to accelerate revenue growth by enabling new automation services and expanding the addressable market for Workday’s AI agents.
Management emphasized the strategic importance of the acquisition. Gabe Monroy, senior vice president of Platform, Products and Technology, said, “The ultimate promise of enterprise AI is not just insights, but action.” This statement highlights Workday’s focus on moving from data analysis to automated execution, a core benefit of integrating Pipedream’s connectors into its ecosystem.
The deal is expected to strengthen Workday’s competitive positioning and drive long‑term value creation by expanding its AI capabilities, deepening customer engagement, and opening new revenue streams through automated workflows across the enterprise.
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