Ceridian

Ceridian HCM 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.

Ceridian HCM Holding Inc.
TypePublic company
IndustrySaaS HCM Software
PredecessorControl Data Corporation
Founded1992 (1992)
HeadquartersMinneapolis, Minnesota, U.S.
Key people
  • David Ossip, co-CEO
  • Leagh Turner, co-CEO
RevenueIncrease US$1.02 billion (2021)[1]
Decrease US$-35.5 million (2021)[1]
Decrease US$-75.4 million (2021)[1]
Total assetsIncrease US$7.17 billion (2021)[1]
Total equityIncrease US$2.23 billion (2021)[1]
Number of employees
7,462 (December 2021)[1]
Websiteceridian.com

History
Ceridian Canada building in Ontario

Ceridian is a descendant of Control Data Corporation (CDC). In 1992, Ceridian Corporation was founded as an information services company from the restructuring of CDC, a computer services and manufacturing company founded in 1957.[2][3] The computer product business was spun-off as Control Data Systems (CDS) and took the Control Data name.

In March 2001, Ceridian was split into two independent companies, with the "old" Ceridian Corporation changed its name to Arbitron and the rest of company (consisting of human resources services and Comdata business) took the Ceridian name.[4]

In 2007, Ceridian was acquired for $5.3 billion USD by Thomas H. Lee Partners and Fidelity National Financial (FNF).[5] Ceridian common stock ceased trading on the NYSE before commencement of trading on November 9, 2007 and was delisted from the NYSE.[6]

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.[7] In October 2013, Ceridian announced the legal separation of its Human Capital Management and payments businesses.[8] 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”).[9]

David Ossip, Chief Executive Officer of Dayforce, became CEO of Ceridian HCM in February 2013.[7]

In April 2018, Ceridian went public in an initial offering that raised over $400 million.[10][11]

In September 2019, Ceridian acquired Australia-based enterprise workforce management solutions provider Riteq.[12]

In April 2020, Ceridian acquired an Asian HCM (Excelity Global Solutions).[13]

On March 1, 2021, Ceridian completed the acquisition of Ascender HCM.[14]

On October 3, 2023, Ceridian announced that the company will be rebranded as Dayforce with the transition beginning in January 2024.[15]

Leadership
  • David Ossip, Chairman and Chief Executive Officer (2013–present)[7][16]
  • Leagh Turner, President and Chief Operating Officer (2018–present)[16]

References
  1. "Ceridian HCM Holding Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 28, 2022. pp. 6, 52–53.
  2. Richard, Michael A. (May 14, 2014). EMPLOYEE ASSISTANCE PROGRAMS: Wellness/Enhancement Programming (4th Ed.). Charles C Thomas Publisher. ISBN 9780398085612.
  3. Enterprise, I. D. G. (September 6, 1993). Computerworld. IDG Enterprise.
  4. "ARBITRON INC (Form Type: 8-K, Filing Date: 03/30/2001)". edgar.secdatabase.com. Retrieved April 25, 2023.
  5. Berenson, Alex (May 31, 2007). "Ceridian to Be Taken Private in $5.3 Billion Deal". The New York Times. ISSN 0362-4331. Retrieved May 18, 2016.
  6. Carissa Wyant (November 9, 2007). "Ceridian sale closes". www.bizjournals.com. Retrieved December 16, 2021.
  7. "Ceridian primes customers to embrace cloud HCM". diginomica. March 6, 2015. Retrieved May 18, 2016.
  8. "Business briefing, Saturday, Oct. 5". Twin Cities. October 4, 2013. Retrieved January 5, 2018.
  9. "Ceridian Forms Separate HCM and Payments Businesses | @CloudExpo". cloudcomputing.sys-con.com. Archived from the original on January 6, 2018. Retrieved January 5, 2018.
  10. "Ceridian HCM Holding completes largest IPO in Minnesota". Star Tribune. Retrieved January 28, 2020.
  11. "Software Maker Ceridian Tops IPO Range to Get $462 Million". Bloomberg.com. April 25, 2018. Retrieved September 7, 2020.
  12. "Ceridian acquires Australia-based enterprise workforce management solutions provider". www2.staffingindustry.com. Retrieved April 9, 2020.
  13. "Ceridian offers agile SaaS solutions for engagement, recruitment and payroll". www.hcamag.com. Retrieved June 15, 2023.
  14. "Ceridian acquires Australia-based Ascender HCM". www.ascenderhcm.com (Press release). March 2021. Retrieved March 3, 2021.
  15. Glass, Eric. "Welcome to a Brand New Dayforce". www.ceridian.com. Retrieved October 3, 2023.
  16. Smith, Buckley (February 11, 2020). "Ceridian says it plans to create 2,000 jobs in Canada over five years". IT World Canada. Retrieved February 13, 2020.

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