Human resources and financial management company Workday just inked a new deal with tech giant IBM.
Workday will be using IBM’s Softlayer cloud for the next seven years, Fortune reported. The HR company will use the platform for developing and testing new products.
Workday is an on-demand software vendor focussing on financial management and human capital management.
The company’s new deal with IBM shows that Workday is hinting at a deeper relationship between the two in the future. Workday may also expand its use of IBM’s storage, cloud servers, and other resources over time.
This new seven-year deal with IBM builds on an already-existing relationship with Workday.
According to Fortune, Workday uses the IBM services team to help get large companies up and running on its own applications, while IBM uses Workday’s human resources apps to manage its employees across the world.
“IBM and Workday are both delivering transformative applications and services in the cloud,” Aneel Bhusri, co-founder and CEO, Workday said in a statement. “Workday will use IBM Cloud to continue accelerating Workday’s internal development and testing efforts to support our ongoing global expansion.”
The Wall Street Journal reported that this new seven-year deal comes as IBM works to compete with other companies that provide cloud services like Microsoft, Amazon, and Google. A report from Deutsche Bank reports that IBM is losing ground to Amazon and Microsoft in the cloud services market.
Wells Fargo called the new deal with Workday a win for IBM.
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