Ceridian

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Ceridian Corporation
Private
Industry Information services
Founded 1992
Headquarters Bloomington, Minnesota, USA
Key people
David Ossip, CEO of Ceridian HCM
Revenue IncreaseUS$ 944 million (2012) [1]
Number of employees
7,000+ (2013) [2]
Website www.ceridian.com

Ceridian HCM, Inc. is a provider of human resources software and services with employees in the USA, Canada, Europe and Mauritius. It was a publicly traded company on the New York Stock Exchange until it was acquired in 2007 by Thomas H. Lee Partners and Fidelity National Financial.[3][4]

History[edit]

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.[5][6]

In 2007, Ceridian was acquired for US$5.3 billion by Thomas H. Lee Partners and Fidelity National Financial (FNF).[7] Ceridian common stock ceased trading on the NYSE before commencement of trading on 9 November 2007 and was delisted from the NYSE.

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.[8] In October 2013, Ceridian announced the legal separation of its Human Capital Management (HCM) and Payments businesses. Ceridian completed the separation on October 1, 2013 through a series of transactions that resulted in the Payments business being operated as Comdata Inc. (“Comdata”), and the HCM business being operated as Ceridian HCM Holding Inc. (“Ceridian HCM”).[citation needed]

David Ossip, Chief Executive Officer of Dayforce, became CEO of Ceridian HCM in February 2013.[8]

References[edit]

  1. ^ Fact Sheet - HR Services & Solutions | Ceridian Canada
  2. ^ http://www.ceridian.ca/en/about/media-kit/ceridian-at-a-glance.pdf
  3. ^ "Ceridian agrees to 5.3 bln usd all-cash buyout deal". forbes.com. 2007-05-31. Retrieved 2008-01-26. [dead link]
  4. ^ Berenson, Alex (2007-05-31). "Ceridian to Be Taken Private in $5.3 Billion Deal". The New York Times. Retrieved 2008-01-26. 
  5. ^ Richard, Michael A. (2014-05-14). EMPLOYEE ASSISTANCE PROGRAMS: Wellness/Enhancement Programming (4th Ed.). Charles C Thomas Publisher. ISBN 9780398085612. 
  6. ^ Enterprise, I. D. G. (1993-09-06). Computerworld. IDG Enterprise. 
  7. ^ 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. 
  8. ^ a b "Ceridian primes customers to embrace cloud HCM". diginomica. 2015-03-06. Retrieved 2016-05-18. 

Further reading[edit]

External links[edit]