Pleasanton, Calif. -- Workday, a Pleasanton-based developer of web-based human resources and financial management software, said that it has raised $75 million in its fifth round of funding, led by New Enterprise Associates (NEA). Previous investors Greylock Partners and Workday CEO and co-founder Dave Duffield also participated in the round. Scott Sandell, a general partner at NEA, will join the company's board of directors. Workday, which currently has more than 80 clients, said that it will use part of the proceeds to expand its product portfolio. The company also has named Clark Newby as its vice president of marketing. Newby most recently served as the vice president of marketing at Fortify Software.
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