DLA Piper guided Sana, an AI company building the next generation of enterprise knowledge tools, in its entry into a $1.1 billion definitive agreement to be acquired by Workday, Inc., an enterprise AI platform.
Since its founding in 2016, Sana has been at the forefront of AI for work, developing intuitive tools for the workplace. Its core products have served more than one million users across hundreds of enterprises. In addition to powering a new Workday experience, Sana will be able to accelerate its growth and deliver even more innovation to its customers at scale.
“The combination of Sana’s AI capabilities with Workday’s platform serves as an exciting milestone in shaping next-generation employee experiences, and we were pleased to guide our client through this acquisition,” said John Hutar, the DLA Piper Partner who co-led the deal team.
In addition to Hutar (Palo Alto), the team included Partners Mikael Moreira, Petter Kjollerstrom (both Stockholm), David Mendelsohn (Chicago), and James Fischer (Short Hills).
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years, according to Mergermarket, and ranked as number one in VC, PE and M&A in combined global deal volume according to PitchBook.