Workday, a business software company founded by former PeopleSoft executives, has filed for an initial public offering under the JOBS Act, Reuters reports. The Jobs Act loosens regulations for smaller companies filing for IPOs, including allowing them to keep financial data in their IPO filings confidential for longer. Workday, which provides human resources and financial management software, plans to go public in October.
A June Businessweek article discusses why Workday might want to file its IPO under JOBS Act rules, and here's a Businessweek profile of the company, The Two Horsemen of the Enterprise Apocalyse.
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