On Friday, Workday (NASDAQ: WDAY) held the biggest tech IPO since Facebook.
Unlike Facebook, Workday does not run a consumer-facing business that claims to have a billion users. Instead, it’s a software-as-a-service solution provider for human resources management (and nowadays adjacent solutions). While not anything as sexy as Facebook, the company is now valued at over $8b.
Why is the market valuing Workday so highly? As usual, it’s a combination of several factors (some very likely exaggerated). But most importantly, is the belief that the new SaaS solutions will eventually replace many of the existing on-premise solutions. Or, as Aneel Bhusri, Workday co-founder said in an interview, “the incumbents are not prepared.”
A few interesting articles around Oracle’s dance with SaaS, spurred by its recent acquisition of Taleo (CRM/HCM), for $3.4 billion:
It will certainly be an interesting ride.
Posted in Cloud Computing, Enterprise Software, Future of Software, HR, Human Resources, Oracle, SaaS, Salesforce.com, Software, Software as a Service, Software Marketing, Web Applications
As I had mentioned in a previous post, we are now actively hiring software developers to our development center in Tel Aviv, Israel.
As part of the interviewing process, we see software developers (and other candidates) look at various alternatives, and having a hard time to decide on a potential direction for their software career. The decisions are naturally harder for young developers who haven’t yet established some career path; but, I’m sometimes surprised to see senior engineers who seriously look at options very distant from one another, such as (as one example) building security devices vs. building web applications.
Here’s my two cents on things to look for in starting (and building) a career in software. Some of the considerations below are specific to engineering positions (developers and testers) but many are as applicable to additional roles such as product management, project management, product marketing and at times sales.
Posted in Agile, Agile Software Development, Career Planning, HR, Human Resources, Iterative Development, Jobs, Kanban, SaaS, Scrum, Software, Software as a Service, Software Engineering, Web Applications