Ceridian

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Ceridian Corporation
Public
Industry Information services
Founded 1992
Headquarters Bloomington, Minnesota, USA
Key people
David Ossip, CEO of Ceridian HCM
Revenue IncreaseUS$ 670+ million (2018)[1]
Number of employees
4,000+ (2018) [2]
Website www.ceridian.com

Ceridian HCM, Inc. is a 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[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.[3][4]

In 2007, Ceridian was acquired for US$5.3 billion by Thomas H. Lee Partners and Fidelity National Financial (FNF).[5] 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.[6] In October 2013, Ceridian announced the legal separation of its Human Capital Management and payments businesses.[7] 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”).[8]

David Ossip, Chief Executive Officer of Dayforce, became CEO of Ceridian HCM in February 2013.[6]

In April of 2018, Ceridian went public in an initial offering that raised over $400 million.

References[edit]

  1. ^ [1]
  2. ^ [2]
  3. ^ Richard, Michael A. (2014-05-14). EMPLOYEE ASSISTANCE PROGRAMS: Wellness/Enhancement Programming (4th Ed.). Charles C Thomas Publisher. ISBN 9780398085612. 
  4. ^ Enterprise, I. D. G. (1993-09-06). Computerworld. IDG Enterprise. 
  5. ^ 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. 
  6. ^ a b "Ceridian primes customers to embrace cloud HCM". diginomica. 2015-03-06. Retrieved 2016-05-18. 
  7. ^ "Business briefing, Saturday, Oct. 5". Twin Cities. 2013-10-04. Retrieved 2018-01-05. 
  8. ^ "Ceridian Forms Separate HCM and Payments Businesses | @CloudExpo". cloudcomputing.sys-con.com. Retrieved 2018-01-05. 

Further reading[edit]

External links[edit]