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| foundation = 1992
| foundation = 1992
| location = [[Bloomington, Minnesota|Bloomington]], [[Minnesota]], [[United States|USA]]
| location = [[Bloomington, Minnesota|Bloomington]], [[Minnesota]], [[United States|USA]]
| key_people = [[Kathryn V. Marinello]], President and CEO
| key_people = Lee Kennedy, 59, President and CEO
| num_employees = 9,500+ (2007) [http://www.ceridian.co.uk/hr/nav/1,4102,105,00.html]
| num_employees = 9,500+ (2007) [http://www.ceridian.co.uk/hr/nav/1,4102,105,00.html]
| industry = Information services
| industry = Information services

Revision as of 20:35, 25 January 2010

Ceridian Corporation
Company typePrivate
IndustryInformation services
Founded1992
HeadquartersBloomington, Minnesota, USA
Key people
Lee Kennedy, 59, President and CEO
ProductsHuman Resources Services; Flexible Benefits, EAP, Payroll, Multinational Services
RevenueIncreaseUS$1.54 billion (2006) [1]
Number of employees
9,500+ (2007) [2]
Websiteceridian.com

Ceridian Corporation is an information services company in the human resources, transportation and retail markets, serving businesses and employees in the USA, Canada and Europe. 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.[1][2]

History

Ceridian is a descendant of Control Data Corporation (CDC). In 1992, Ceridian emerged as an information services company from the restructuring of CDC, a computer services and manufacturing company founded in 1957. Since its formation, Ceridian has made a number of significant investments including the purchase of Centrefile (now Ceridian in the UK) in 1995, the largest outsourced payroll processing business in the United Kingdom.

In 2005 the company formed an agreement with Rideau Recognition Solutions, a Canada-based recognition firm, to deliver reward and retention programs to its clients.[3] But in 2007 Ceridian was acquired for US$5.3 billion by Thomas H. Lee Partners and Fidelity National Financial (FNF). Ceridian common stock ceased trading on the NYSE before commencement of trading on 9 November 2007 and was delisted from the NYSE. William Foley, chief executive and chair at FNF, said: "Ceridian provides FNF with a company that has leading market positions in large, growing markets, long-term customer relationships, recurring revenue, strong cash flow and a significant margin expansion opportunity."[4]

Organization

Ceridian Human Resource Solutions serves 25 million employees and 110,000 companies in more than 100 countries worldwide, including over 75% of the Fortune 500 and 50% of the Financial Times Global 500.[3]

Kathryn Marinello was appointed President and Chief Executive Officer when Ronald L. Turner retired on 1 October 2006.

Kathryn Marinello will be replaced on an interim basis by Lee Kennedy, 59, a current member of the company's board of directors and vice chairman of Fidelity National Information Services Inc. (January 25th, 2010)

Awards

  • In 2006 & 2007 Ceridian was recognised as a leading provider of HR & Payroll services at the annual pay awards, by winning the award for Payroll Outsourcing Provider of the Year.[5]
  • In 2007, Ceridian was named to the fifth annual Companies That Care Honor Roll, chosen by an independent panel of professionals in a variety of industries. [6]
  • In 2009, Ceridian was named as a finalist in the Customer Service Department of the Year category in the third annual Stevie Awards for Sales & Customer Service. [7]
  • In 2009, Ceridian LifeWorks was awarded an Honorable Mention for Health Information/Decision Support by a leading health care accreditation organization, URAC. [8]
  • In 2009, Ceridian was named to the Global Outsourcing 100 list, chosen by the International Association of Outsourcing Professionals (IAOP), for the fourth consecutive year, climbing to the 22nd spot on the list. [9]

References

  1. ^ "Ceridian agrees to 5.3 bln usd all-cash buyout deal". forbes.com. Retrieved 2008-01-26.
  2. ^ "Ceridian to Be Taken Private in $5.3 Billion Deal". The New York Times. 2007-05-31. Retrieved 2008-01-26.
  3. ^ "Ceridian Forms Agreement With Rideau To Deliver Employee Reward And Recognition Programs". Ceridian. 2005-09-01. Retrieved 2009-01-23.
  4. ^ "Human resources service provider Ceridian starts work under owners Fidelity National Financial and Thomas H Lee in £2.6bn deal". personneltoday.com. 2007-11-14. Retrieved 2008-01-26.
  5. ^ "Ceridian scoops top honours for second year in succession" (Press release). ceridian.co.uk. Retrieved 2008-01-26.
  6. ^ "Ceridian Ceridian named to the 5th Annual Companies That Care Honor Roll" (Press release). ceridian.com. Retrieved 2007-03-19.
  7. ^ "Ceridian Corporation Named as Finalist in 2009 Stevie Awards for Customer Service" (Press release). ceridian.com. Retrieved 2009-01-22.
  8. ^ "Ceridian LifeWorks Awarded Honorable Mention for Best Practices in Health Information/Decision Support by URAC" (Press release). ceridian.com. Retrieved 2009-04-15.
  9. ^ "Ceridian Rises in Prominence on Latest Global Outsourcing 100 List" (Press release). ceridian.com. Retrieved 2009-04-28.
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