For all of his extensive success, Aneel Bhusri is one CEO (sorry, co-CEO) who does not seek the limelight. At least, that was the plan for a few weeks. He's ready to take the software-as-a-service company up against the likes of Oracle and SAP. At Greylock he has been an investor in cloud technologies, with an emphasis on applications, data center infrastructure and middleware, and serves on the boards of a number of companies in which Greylock has invested, including Cloudera and Pure Storage. Workday CEO Aneel Bhusri The myth in the enterprise software world is that any company that succeeds will eventually "either fall apart or be bought by Oracle… No kidding. It was founded by David Duffield, the founder and former CEO of the ERP giant PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle 's hostile takeover of PeopleSoft in 2005. PeopleSoft’s employees were as enthused as its customers—it won acclaim as one of America’s best places to work—but Duffield’s freewheeling style created a series of stumbles. Currently known primarily for his role as co-CEO of Workday, the cloud-based human resources software company that floated in an IPO last year, he also maintains an active role as a partner at venture capital firm Greylock Partners.He also finds time to sit on the boards of many interesting startups, including Sumo Logic. Workday, Inc. is an on‑demand (cloud-based) financial management and human capital management software vendor. Few people in Silicon Valley wear as many hats as Aneel Bhusri. This and later offers were rejected by PeopleSoft's board of directors. A decade later it was the Google guys’ turn to be spooked, by Harvard dropout Mark Zuckerberg and the social media tornado he was creating with Facebook. He is the chief executive officer (CEO) of Workday. [9], In 2003, Oracle made a $13 billion bid in a hostile corporate takeover attempt of PeopleSoft. "Oracle is not known for its high levels of..." - Aneel Bhusri quotes from BrainyQuote.com “We had that same attitude that we wanted to change the world,” Bhusri said Wednesday. [8] In the meantime, PeopleSoft had developed ERP, CRM, and other offerings, in addition to Human Resource Management. Can single-language OTT platforms take on the streaming giants in India? He is the chief executive officer (CEO) of Workday. He is also a member of the company's board of directors, and served as chairman of the board from 2012 until May 2014. Ernst & Young, 24 June 2013. [15], Bhusri was interviewed by Reid Hoffman on the Masters of Scale podcast, where he talked about interviewing his first 500 employees at Workday to shape its award-winning company culture. Bhusri thinks all of Workday’s quirks, big and small, are responsible for its momentum. His latest success starts with a willingness to chase the big opportunity, he says. You can buy our tablet version from Magzter.com. “But if you were buying key-man insurance, you’d pay the highest premium for Aneel.”, Click here to see Forbes India's comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy​, (This story appears in the 01 November, 2013 issue of Forbes India. A conversation with the co-founder Workday is a two-year old software as a service [SaaS] ERP vendor with all of ten customers. WDAY is led by its founders who own 25% of the company – Chairman David Duffield is an industry pioneer previously founding Peoplesoft (eventually acquired by Oracle) while CEO Aneel Bhusri … At the vendor's annual user conference, Workday CEO Aneel Bhusri attacked Oracle and SAP, unveiled a partnership with Microsoft and raved about a budgeting product for CFOs. He has an MBA from Stanford Graduate School of Business. ), For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you, Mission Mars: NASA's Perseverance vs UAE's Hope vs China's Tianwen-1, Facebook's new look in Australia: News and hospitals out, aliens still in. A few years ago, Duffield says, it was 50-50. “It will always be the Dave and Aneel Show to the outside world, because of Dave’s age and visibility,” Battle says. [6], Also since 1999, Bhusri has been a partner at Greylock Partners, a software investment fund which has backed companies including Facebook, Groupon, Dropbox, Tumblr and Airbnb. Now, “Aneel is 80 percent of the CEO job, and I’m 20 percent.” Bhusri demurs, but the best perspective comes from Workday director Skip Battle. Dave Duffield is the software industry’s eternal teenager. Cross Border How Dave Duffield and Aneel Bhusri Got Back at Oracle Larry Ellison booted Dave Duffield and Aneel Bhusri from their company. He is also a partner at Greylock Partners and was a member of Intel 's board of directors between 2014 and 2019. Workday CEO Aneel Bhusri says that it signed over 40 new customers in financial management, mostly at the expense of Oracle and SAP. Aneel Bhusri is co-founder and chief executive officer at Workday. “We tell people, if you don’t want to have fun, go work for SAP or Oracle,” Bhusri said in an interview. [16], 2013 EY Entrepreneur of the Year Award Recipient [17], 2020 Great Place to Work CEO For All Leadership Award[18], Dan Worth, "V3 Hot Seat: Workday CEO, Aneel Bhusri", Angela Mehta, "Venture Profile: Aneel Bhusri, Greylock", George Anders, "Snubbed By Oracle, Workday's Duffield And Bhusri Hit Jackpot", "Ernst & Young Announces Entrepreneur Of The Year ® 2013 Award Winners in Northern California." Workday’s CEO on historic quarter Workday proved that its momentum of sales continued to gain strength when it reported fourth-quarter earnings on Monday. Aneel Bhusri. Share Twitter Facebook LinkedIn Google Plus Workday is transitioning from an HR and business finance software suite into a full enterprise resource planning (EPR) platform as it aims to compete with industry heavyweights Oracle and SAP. And if there's a second one we see it's Oracle. <, "Visionary of the Year nominee Aneel Bhusri, Workday CEO", "Fourteen More Philanthropists Join The Gates-Buffett Giving Pledge", https://www.bloomberg.com/profile/person/1555121, "Oracle to PeopleSoft: The pink slip's in the mail", "Duffield Is Back:PeopleSoft Founder Moves New Company to Pleasanton", http://www.businessweek.com/print/magazine/content/06_46/b4009095.htm, "Workday Indian American CEO Aneel Bhusri Donates $1 Million to San Francisco Fund Providing Coronavirus Relief", "Masters of Scale — hosted by Reid Hoffman", https://webforms.ey.com/US/en/Newsroom/News-releases/2013-24-June-EY-announces-Entrepreneur-Of-The-Year-2013-Award-winners-in-Northern-California, "Announcing the Great Place to Work CEO For All Leadership Awards", https://en.wikipedia.org/w/index.php?title=Aneel_Bhusri&oldid=1000956859, Brown University School of Engineering alumni, Creative Commons Attribution-ShareAlike License, This page was last edited on 17 January 2021, at 15:17. In 1993, he was employed as director of planning at PeopleSoft, a software company and became vice chairman for product strategy & marketing by the time Oracle acquired it in 2004. Dave Duffield is back. So, we were very happy with that, especially at the scale of our business. He was on our first list with PeopleSoft (scooped up by Oracle in 2005). Smart call. In 1999, he became vice chairman of the company, serving in that role until the takeover by Oracle in 2004. In April 2020, Bhusri donated $1 million to the Give2SF fund, a donation drive to help residents and businesses in San Francisco affected by the coronavirus pandemic. [10] But since 2005 he has been on a nonstop crusade to turn Workday into a winner.In recent months Duffield has been spotted again on college campuses, from Florida to Illinois, pitching new Workday software that’s meant to make universities run better. www .linkedin .com /in /aneelbhusri. Aneel has been a leader, product visionary, and innovator in the enterprise software industry for more than 20 years. Helping the cause is extra wisdom gleaned from many years of experience. 10 Apr. Don’t do it, Duffield told him over a beer. “I was a young techie in a hurry.” After quitting a safe job at IBM, he hawked his own software for scheduling final exams more efficiently, zooming between college campuses in a Porsche Carrera loaded with punch cards in the back. He is also a member of the company's board of directors, and served as chairman of the board from 2012 until May 2014. Phanindra Sama: Route-Mapping the Future With redBus, Balaji Wafers: Building a Rs 2,000 crore-plus brand with stubbornness, Tech for health: Inside the rise of Practo and its ambitious roadmap for the future, Priyanka Das Rajkakati: Mixing science and art, Adarsh Gourav: Meet the White Tiger of Bollywood, Regional Goliaths: The making of a national brand, Can Koo be King? Aneel Bhusri (born February 14, 1966) is an American business executive. Most important, Duffield says, is finding the right partner—in this case, 47-year-old Aneel Bhusri.Duffield and Bhusri met 20 years ago, when the younger man was wrapping up his MBA at Stanford and toying with the idea of heading east for a venture capital job. A resident of San Francisco, Aneel Bhusri has been an advisory partner at Greylock since 1999. all the prior ones combined, The key man behind Workday: Co-CEO and Chairman Aneel Bhusri. [5], In 1993, Bhusri became the director of planning at PeopleSoft,[6] then primarily a human resources software company. Consider the way the 73-year-old smashed up his first company car. twitter .com /aneelb. Workday, Inc. is an on‑demand financial management and human capital management software vendor. “It was in the 1960s,” Duffield ruefully tells me. His fifth startup is outpacing his fourth: Workday delivers human resource and financial software, just like PeopleSoft, but it does so in the world of the internet cloud, not traditional installations in corporate data centres. Thank you for your comment, we value your opinion and the time you took to write to us! Even though the Pleasanton, California, company has yet to turn a profit, cloud-crazy investors have rewarded Workday with a $13 billion stock market valuation. How did the old guy do it?The tech sector, unique among American industry, worships youth over experience. Perhaps with better content moderation, Regional Goliaths: Inside the Davids of India taking on the Goliaths, Raja Rajamannar: Marketers should harness new tech to stay relevant, Marking cultural shift, Japan names woman to top leadership post. Meet Ngozi Okonjo-Iweala, the new WTO chief, Dave Duffield’s fifth startup, Workday, made him richer than Aneel Bhusri Business Found Fascinating Liked Oracle is not known for its high levels of customer satisfaction. Dave Duffield and Aneel Bhusri lost their old company in an Oracle takeover. 359 on the Forbes 400 list of the richest people in America. Web. He is also a partner at Greylock Partners and was a member of Intel's board of directors between 2014 and 2019. It was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle's hostile takeover of PeopleSoft in 2005. Bhusri and co-founder David Duffield—a tech-sector veteran who in 1987 launched PeopleSoft, later acquired by Oracle Systems in a hostile takeover—sketched out the framework for what would become Workday on a napkin at a Truckee, CA diner. The cloud SaaS vendor hopes that its recent acquisition of Adaptive Insights will help bolster its growing portfolio of […] But Bhusri took the job anyway, excited about the fast-paced opportunities that Duffield offered. To visit our Archives, click here. This was a topic of conversation during tonight’s PandoMonthly fireside chat with former PeopleSoft senior exec and Workday co-founder Aneel Bhusri and Yahoo co-founder, Jerry Yang. Even Zuckerberg (now a doddering 29) is watching his back these days.Tech’s white-haired veterans tend to shift to the quiet safety of angel investing and a few board seats. The more cloud people are looking at, SAP tends to fall away. Come explore ways we can make PeopleSoft grow. In 1998 Microsoft founder Bill Gates declared that his biggest worry was “someone in a garage inventing something I haven’t thought about”. More at home in development labs than on stage, Bhusri will now be able to dive more deeply into the company’s future development efforts and long-term strategy while co-CEO Fernandez continues to drive sales, customer success and marketing. - EY. The evolution into older irrelevancy is soothed with the delights of a ski house in Tahoe, a rich suntan or a Porsche collection. 2015. Later, working for David Duffield, with whom he went on to co-found Workday,[7] he became responsible for product strategy and marketing. Can Bharat help Cantabil Retail expand its empire? Having been on both sides of that line, Bhusri knows the challenges of moving from on-premise software to the cloud better than most. Beauty and the beast: How Mamaearth clocked 400% growth amid Covid-19, Covid-19: IPL brand value drops 22% in 2020, Rush Limbaugh, talk radio's conservative provocateur, dies at 70, Work-from-hostels makes room for innovation amid Covid-19 slowdown, Biden signals he's flexible on immigration overhaul, Small group of companies controls 60% of ocean economy. “I was in Binghamton [New York] on a freeway exit,” says Duffield. “It was foggy, and the tire slipped. In early 2005 PeopleSoft was swallowed up in a hostile takeover by Oracle, for $10.3 billion, leaving Duffield rich, morose and out of work.PeopleSoft senior executives “had some sort of post-traumatic Oracle disorder”, recalls Salesforce.com CEO Marc Benioff, who met periodically with Duffield and his lieutenants to share strategy tips and rally their spirits. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle's hostile takeover of PeopleSoft in 2005. As he’s built Workday into a highly strategic partner for the world’s top corporations that has a $4-billion annual run rate and a market cap of $54 billion, Aneel Bhusri has also created a corporate culture that has won every possible type of acclaim and award for being a superb place to work. Workday CEO Aneel Bhusri had some robust comments on competitors, partners and politics at the company's Rising EMEA event in Barcelona, Spain today. Workday, Inc., is an American on‑demand financial management and human capital management software vendor. Ask Duffield how he stays ahead of the kids and his first answer is coy: Don’t eat too much. Right. It was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle's hostile takeover of PeopleSoft in 2005. For Workday CEO Aneel Bhusri, who also co-founded the software-as-a-service company used by HR, procurement and finance pros, the return to commutes and long, lacquered conference tables at corporate HQ can't come soon enough.
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