Workday to Acquire AI Contract Software Maker Evisort

Workday Inc., an enterprise software company, said Tuesday that it would acquire Evisort Inc., maker of an AI-based contract management platform.

Evisort’s document intelligence solutions will be made available to Workday customers across a range of uses, the companies said, including in accounting, procurement and human resources.

Workday, with a market capitalization of $66 billion, is a major player in the market to provide companies with cloud-based software for human resources, payroll, and other critical functions.

• Evisort’s technology makes it possible for businesses to search and analyze their unstructured data, a category that includes most of their information. Workday ...