Ceridian

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Ceridian HCM, Inc.
TypePublic
NYSE: CDAY
S&P 400 component
Russell 1000 Index component
IndustrySaaS HCM Software
Founded1992
HeadquartersMinneapolis, Minnesota, USA
Key people
David Ossip, CEO
RevenueIncreaseUS$ 842.5 million (2020)[1]
US$ US$72.3 million (2019)
Total assetsUS$ 6.09 billion (2019)
Number of employees
5,200+ (2020)
Websitewww.ceridian.com

Ceridian HCM, Inc. is an American provider of human resources software and services with employees in the USA, Canada, Europe, Australia and Mauritius. It is a publicly traded company on the New York Stock Exchange as of April 2018.

History[]

Ceridian Canada building in Ontario

Ceridian is a descendant of Control Data Corporation (CDC). In 1992, Ceridian was founded as an information services company from the restructuring of CDC, a computer services and manufacturing company founded in 1957.[2][3]

In 2007, Ceridian was acquired for US$5.3 billion by Thomas H. Lee Partners and Fidelity National Financial (FNF).[4] Ceridian common stock ceased trading on the NYSE before commencement of trading on November 9, 2007 and was delisted from the NYSE.[citation needed]

In March 2012, Ceridian completed its acquisition of Dayforce, a single SaaS application for HR, payroll, tax, benefits, workforce management, talent management and several related activities.[5] In October 2013, Ceridian announced the legal separation of its Human Capital Management and payments businesses.[6] Ceridian completed the separation on October 1, 2013 through a series of transactions, which resulted in the payments business being operated as Comdata Inc. (“Comdata”), and the HCM business being operated as Ceridian HCM Holding Inc. (“Ceridian HCM”).[7]

David Ossip, Chief Executive Officer of Dayforce, became CEO of Ceridian HCM in February 2013.[5]

In April 2018, Ceridian went public in an initial offering that raised over $400 million.[8][9]

In September 2019, Ceridian acquired Australia-based enterprise workforce management solutions provider Riteq.[10]

In April 2020, Ceridian acquired an Asian HCM (Excelity Global Solutions).

On 1 March 2021, Ceridian completed the acquisition of Ascender HCM. [11]

Leadership[]

  • David Ossip, Chairman and Chief Executive Officer (2013 – present)[5][12]
  • Leagh Turner, President and Chief Operating Officer (2018 – present)[12]

Product[]

On June 23, 2020, Ceridian announced that its Dayforce platform is available on the market in Mauritius.[13]

References[]

  1. ^ "Summary historical consolidated financial and other data" (PDF). Form S-1: Registration Statement: Ceridian HCM Holdings Inc. United States Securities and Exchange Commission.
  2. ^ Richard, Michael A. (May 14, 2014). EMPLOYEE ASSISTANCE PROGRAMS: Wellness/Enhancement Programming (4th Ed.). Charles C Thomas Publisher. ISBN 9780398085612.
  3. ^ Enterprise, I. D. G. (September 6, 1993). Computerworld. IDG Enterprise.
  4. ^ Berenson, Alex (May 31, 2007). "Ceridian to Be Taken Private in $5.3 Billion Deal". The New York Times. ISSN 0362-4331. Retrieved May 18, 2016.
  5. ^ Jump up to: a b c "Ceridian primes customers to embrace cloud HCM". diginomica. March 6, 2015. Retrieved May 18, 2016.
  6. ^ "Business briefing, Saturday, Oct. 5". Twin Cities. October 4, 2013. Retrieved January 5, 2018.
  7. ^ "Ceridian Forms Separate HCM and Payments Businesses | @CloudExpo". cloudcomputing.sys-con.com. Archived from the original on January 6, 2018. Retrieved January 5, 2018.
  8. ^ "Ceridian HCM Holding completes largest IPO in Minnesota". Star Tribune. Retrieved January 28, 2020.
  9. ^ "Software Maker Ceridian Tops IPO Range to Get $462 Million". Bloomberg.com. April 25, 2018. Retrieved September 7, 2020.
  10. ^ "Ceridian acquires Australia-based enterprise workforce management solutions provider". www2.staffingindustry.com. Retrieved April 9, 2020.
  11. ^ "Ceridian acquires Australia-based Ascender HCM". www.ascenderhcm.com. Retrieved March 3, 2021.
  12. ^ Jump up to: a b Smith, Buckley. "Ceridian says it plans to create 2,000 jobs in Canada over five years". IT World Canada. Retrieved February 13, 2020.
  13. ^ "Ceridian Continues Global Momentum with Launch of Dayforce in Mauritius". GlobeNewswire. June 23, 2020. Retrieved July 13, 2020.

Further reading[]

External links[]

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