VNDLY Inc, a Workday company Strengths, Domain Expertise, and Key Differentiators
Founded in 2017, VNDLY transforms how companies manage the contingent workforce. With its SaaS Work Management System (WMS), companies can manage the entire non-employee engagement lifecycle from talent acquisition to training to payment and offboarding.
The VNDLY WMS applies algorithms, Machine Learning (ML) and Artificial Intelligence (AI) technology to automate manual tasks, increasing efficiency and productivity in today's digital and agile environment.
VNDLY Inc, a Workday company Recent Developments
In August 2021, VNDLY Creates an Integration That Connects Its Workforce Connector To Workday Human Capital Management To Enhance Its Customers’ Workforce Management Experience.
In June 2020, VNDLY partnered with EverHive to provide quick-deploy contingent workforce solutions to support businesses during the pandemic. EverHive and VNDLY have received a surge of calls from companies facing unexpected contingent workforce issues.
For instance, many had initially reacted to the global pandemic by reducing payroll to save money, leaving them inappropriately staffed and unable to provide services and goods for their clients. To ensure companies can rehire high-quality talent when the time comes, EverHive and VNDLY can set up processes to manage and communicate with those contingent workers, bringing them back quickly and ensuring they are aligned with corporate and governmental compliance policies
In February 2019, VNDLY closed $11 million in Series A funding, bringing the company's total funding to $14 million. The financing was led by Battery Ventures and Hyde Park Venture Partners, with participation from EPIC Ventures, Bowery Capital and the Cintrifuse Syndicate Fund, which invests on behalf of several F500 corporations including Kroger and P&G. The investment will be used to drive product innovation, customer adoption, and global expansion.
VNDLY Inc, a Workday company Mergers and Acquisitions (M&A) Activities
In November 2021, Workday acquired VNDLY. Bringing the two companies together means that customers can manage internal and external workers from the same interface, saving HR personnel from switching context based on worker type. In addition, customers will be able to plan for workforce needs, regardless of the type, while managing internal and external compliance and risk requirements related to this type of worker.
VNDLY Inc, a Workday company Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying VNDLY Inc, a Workday company applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of VNDLY Inc, a Workday company and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified VNDLY Platform customers.
VNDLY Inc, a Workday company Overview
Ownership: - x
Number of Employees: 150
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K493, Higher Education, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
VNDLY Inc, a Workday company Key Enterprise and Cloud Applications
VNDLY Platform
VNDLY Inc, a Workday company Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
VNDLY Inc, a Workday company Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
VNDLY Inc, a Workday company Enterprise Applications Revenues By Functional Markets, $M:
VNDLY Inc, a Workday company Enterprise Applications Revenues By Verticals, $M:
VNDLY Inc, a Workday company Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
VNDLY Inc, a Workday company Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
VNDLY Inc, a Workday company Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified VNDLY Inc, a Workday company Customers
No. of VNDLY Inc, a Workday company Customers: x
No. of VNDLY Inc, a Workday company Enterprise Applications Customers: x
No. of VNDLY Inc, a Workday company Cloud Customers: x
No. of VNDLY Inc, a Workday company Cloud Subscribers: x
In April 2020, VNDLY partnered with Randstad Sourceright, the industry's total workforce solutions leader. The partnership gives Randstad Sourceright additional intuitive technology for their solution set that does not require lengthy training or complicated change and update processes. Randstad Sourceright serves clients at the enterprise and hiring manager levels, which requires flexible technology that can be used across their customer base.
In September 2019, VNDLY and Pontoon signed a partnership agreement to provide innovative Contingent Workforce Management solutions. VNDLY and Pontoon together created dynamic and customized solutions for their clients. Pontoon's ability to craft tailored service packages coupled with VNDLY's commitment to innovation and customer experience.
VNDLY Inc, a Workday company Market Opportunities, M&A and Geo Expansions
The VNDLY platform is comprised of four major modules: Contingent Workforce Management, Statement of Work (SoW) Management, Independent Contractor (IC) Compliance and Total Talent Acquisition.
In May 2020, VNDLY received a recent round of Series B-1 funding -- $8.5 million led by Madrona Venture Group. Madrona's Steve Singh will join the VNDLY board. This brings the company's external funding total to $57.5 million, with the previous Series B investments totaling $35 million in 2019. Madrona Venture Group is a Seattle-based venture firm that has backed many industry-defining technology companies like Amazon, Smartsheet, and Snowflake.
In June 2020, VNDLY received and investment from Okta Ventures. For VNDLY, the investment supports the continued development of its cloud-native vendor management technology platform that seamlessly integrates with Okta's single sign-on and provisioning technology. Okta Ventures was launched in 2019 to fund companies focused on modern identity-architecture design and adoption, while also having the potential to add to the existing Okta ecosystem.
VNDLY Inc, a Workday company Risks and Challenges
Its a relatively new company in the market with big concurrence.
VNDLY Inc, a Workday company Ecosystem, Partners, Resellers and SI
In Maj 2020, VNDLY made a global expansion with an office in Toronto. VNDLY's Canadian entity headed by Kyle Hodgson, VNDLY's director of engineering and operations, a three-time start-up CTO, and a published technical author. VNDLY chose Toronto because the city has a large high-tech talent pool, offers affordability that supports rapid scaling, and was recently ranked as North America's third-best tech city behind San Francisco and Seattle.
This is VNDLY's initial global expansion, with 15 additional markets scheduled to go live over the next 12 months. The application will include localization, currency, and language support to ensure fully-compliant solutions for clients, regardless of region. On June 14, VNDLY launched its first client in the UK, with complete currency support and GDPR compliance.
VNDLY Inc, a Workday company Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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