|Headquarters||Bloomington, Minnesota, USA|
|David Ossip, CEO of Ceridian HCM|
|Revenue||US$ 944 million (2012) |
Number of employees
|7,000+ (2013) |
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.
History of Ceridian
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.
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.
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. 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”).
David Ossip, Chief Executive Officer of Dayforce, became CEO of Ceridian HCM in February 2013.
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