We find it valuable to explore companies deeply embedded in specific ISV ecosystems. HCM and ERP platforms are crucial across organizations, particularly in large enterprises. In previous deep dives, we analyzed the Oracle consulting partner ecosystem (https://elaxtra.com/insights/oracle-cloud-services-partner-ecosystem). Below is a quick analysis of Workday, a relevant player in the HCM and ERP space.
Workday was founded in 2005 by the creators of PeopleSoft following its acquisition by Oracle (https://www.workday.com/). Workday was built with a cloud-first strategy to capitalize on the SaaS/on-demand market. Initially focused on HCM solutions, the company expanded into financial management and ERP features. Workday went public in 2012 and has demonstrated consistent growth since.
With a global customer base exceeding 10,000 organizations and a workforce of 17,000 employees, Workday serves over half of the Fortune 500 and several mid-sized enterprises. Like other major software providers we have examined, Workday has established a services partner ecosystem to facilitate its platform's adoption and ongoing support.
Workday Services Partners by Region
Workday’s services and advisory partner ecosystem has approximately 157 services partners worldwide.
More than half of the partners are headquartered in North America, but most of the headcount is located in Asia, as is typical of services firms.
Workday Services Partners by Size
The distribution of consulting partners by size is as follows:
The Workday services partner ecosystem continues to be highly fragmented, with 39% of partners having fewer than 100 employees and nearly two-thirds operating with fewer than 500 team members. Given the enterprise scale of Workday’s customers, we see a significant presence of large SIs.
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