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Dayforce

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Ceridian HCM, Inc.
Company typePublic
NYSE: CDAY
S&P 400 component
Russell 1000 Index component
IndustrySaaS HCM Software
Founded1992
HeadquartersMinneapolis, Minnesota, USA
Key people
David Ossip, CEO
RevenueIncreaseUS$ 824.1 million (2019)[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 of Ceridian

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 9 November 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 of 2020, Ceridian acquired an Asian HCM

Leadership

  • David Ossip, Chairman and Chief Executive Officer (2013 – present)[5][11]
  • Leagh Turner, President and Chief Operating Officer (2018 – present)[11]

Product

On 23 June 2020, Ceridian announced that its Dayforce platform is available on the market in Mauritius.[12]

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. (2014-05-14). EMPLOYEE ASSISTANCE PROGRAMS: Wellness/Enhancement Programming (4th Ed.). Charles C Thomas Publisher. ISBN 9780398085612.
  3. ^ Enterprise, I. D. G. (1993-09-06). Computerworld. IDG Enterprise.
  4. ^ Berenson, Alex (2007-05-31). "Ceridian to Be Taken Private in $5.3 Billion Deal". The New York Times. ISSN 0362-4331. Retrieved 2016-05-18.
  5. ^ a b c "Ceridian primes customers to embrace cloud HCM". diginomica. 2015-03-06. Retrieved 2016-05-18.
  6. ^ "Business briefing, Saturday, Oct. 5". Twin Cities. 2013-10-04. Retrieved 2018-01-05.
  7. ^ "Ceridian Forms Separate HCM and Payments Businesses | @CloudExpo". cloudcomputing.sys-con.com. Archived from the original on 2018-01-06. Retrieved 2018-01-05.
  8. ^ "Ceridian HCM Holding completes largest IPO in Minnesota". Star Tribune. Retrieved 2020-01-28.
  9. ^ "Software Maker Ceridian Tops IPO Range to Get $462 Million". Bloomberg.com. 2018-04-25. Retrieved 2020-09-07.
  10. ^ "Ceridian acquires Australia-based enterprise workforce management solutions provider". www2.staffingindustry.com. Retrieved 2020-04-09.
  11. ^ a b Smith, Buckley. "Ceridian says it plans to create 2,000 jobs in Canada over five years". IT World Canada. Retrieved 2020-02-13.
  12. ^ "Ceridian Continues Global Momentum with Launch of Dayforce in Mauritius". GlobeNewswire. 23 June 2020. Retrieved 13 July 2020.

Further reading

  • Official website
  • Business data for Ceridian HCA, Inc.:
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