Ceridian

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 of Ceridian

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”).

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

References

  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.
  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. 1 2 "Ceridian primes customers to embrace cloud HCM". diginomica. 2015-03-06. Retrieved 2016-05-18.

Further reading

External links

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