Company:Ceridian

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Short description: American technology company
Ceridian HCM Holding Inc.
TypePublic company
IndustrySaaS HCM Software
PredecessorControl Data Corporation
Founded1992; 32 years ago (1992)
HeadquartersMinneapolis, Minnesota, U.S.
Key people
  • David Ossip, 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

Ceridian HCM is an American provider of human resources software and services with employees in the United States , Canada , Europe, Australia and Mauritius. It is a publicly traded company on the New York Stock Exchange.

Ceridian's primary software, Dayforce, covers the full suite of human capital management software, including payroll, HR, talent intelligence, and workforce management.[2]

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.[3][4] 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.[5]

In 2007, Ceridian was acquired for $5.3 billion USD by Thomas H. Lee Partners and Fidelity National Financial (FNF).[6] Ceridian common stock ceased trading on the NYSE before commencement of trading on November 9, 2007 and was delisted from the NYSE.[7]

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 and payments businesses.[9] 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”).[10]

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

In April 2018, Ceridian went public in an initial offering that raised over $400 million.[11][12]

In September 2019, Ceridian acquired Australia-based enterprise workforce management solutions provider Riteq.[13]

In April 2020, Ceridian acquired an Asian HCM (Excelity Global Solutions).[14]

On March 1, 2021, Ceridian completed the acquisition of Ascender HCM.[15]

On October 3, 2023, Ceridian announced that the company will be rebranded as Dayforce with the transition beginning in January 2024.[16]

Leadership

  • David Ossip, Chairman and Chief Executive Officer (2013–present)[8][17]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Ceridian HCM Holding Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 28 February 2022. pp. 6, 52–53. https://www.sec.gov/ix?doc=/Archives/edgar/data/1725057/000095017022002143/cday-20211231.htm. 
  2. ↑ "Dayforce Cloud HCM Software | Ceridian" (in en). https://www.ceridian.com/products/dayforce. 
  3. ↑ * Richard, Michael A. (2009). Employee Assistance Programs: Wellness/Enhancement Programming (4th ed.). Charles C. Thomas Publisher. p. 76. ISBN 978-0398085612. 
  4. ↑ Enterprise, I. D. G. (September 6, 1993) (in en). Computerworld. IDG Enterprise. https://books.google.com/books?id=PgsZJgu-zDkC&q=ceridian%2520CDC%25201992&pg=PA133. 
  5. ↑ "ARBITRON INC (Form Type: 8-K, Filing Date: 03/30/2001)". http://edgar.secdatabase.com/1436/110465901500188/filing-main.htm. 
  6. ↑ Berenson, Alex (May 31, 2007). "Ceridian to Be Taken Private in $5.3 Billion Deal". The New York Times. ISSN 0362-4331. https://www.nytimes.com/2007/05/31/business/31deal.html. 
  7. ↑ Carissa Wyant (November 9, 2007). "Ceridian sale closes". https://www.bizjournals.com/twincities/stories/2007/11/05/daily40.html. 
  8. ↑ 8.0 8.1 8.2 "Ceridian primes customers to embrace cloud HCM". March 6, 2015. http://diginomica.com/2015/03/06/ceridian-primes-customers-embrace-cloud-hcm/. 
  9. ↑ "Business briefing, Saturday, Oct. 5" (in en-US). Twin Cities. October 4, 2013. https://www.twincities.com/2013/10/04/business-briefing-saturday-oct-5/. 
  10. ↑ "Ceridian Forms Separate HCM and Payments Businesses | @CloudExpo". http://cloudcomputing.sys-con.com/node/2821563. 
  11. ↑ "Ceridian HCM Holding completes largest IPO in Minnesota". http://www.startribune.com/ceridian-holdings-hcm-completes-largest-ever-ipo-in-minnesota/480957311/. 
  12. ↑ "Software Maker Ceridian Tops IPO Range to Get $462 Million" (in en). Bloomberg.com. April 25, 2018. https://www.bloomberg.com/news/articles/2018-04-25/thomas-h-lee-backed-ceridian-raises-462-million-in-u-s-ipo. 
  13. ↑ "Ceridian acquires Australia-based enterprise workforce management solutions provider" (in en-US). https://www2.staffingindustry.com/Editorial/Daily-News/Ceridian-acquires-Australia-based-enterprise-workforce-management-solutions-provider-51246. 
  14. ↑ "Ceridian offers agile SaaS solutions for engagement, recruitment and payroll" (in en). https://www.hcamag.com/au/specialisation/payroll/ceridian-offers-agile-saas-solutions-for-engagement-recruitment-and-payroll/410886. 
  15. ↑ "Ceridian acquires Australia-based Ascender HCM". www.ascenderhcm.com (Press release). March 2021. Retrieved March 3, 2021.
  16. ↑ Glass, Eric. "Welcome to a Brand New Dayforce" (in en). https://www.ceridian.com/ca/blog/brand-new-dayforce. 
  17. ↑ Smith, Buckley (February 11, 2020). "Ceridian says it plans to create 2,000 jobs in Canada over five years" (in en-US). https://www.itworldcanada.com/article/ceridian-says-it-plans-to-create-2000-jobs-in-canada-over-five-years/427192. 

Further reading

  • Attridge, Mark; Herlihy, Patricia A.; Maiden, R. Paul, eds (2006). The Integration of Employee Assistance, Work/Life, and Wellness Services. Taylor & Francis. p. 185. ISBN 978-1136751882. 
  • Bloom, Daniel (2013). Achieving HR Excellence through Six Sigma. Taylor & Francis. p. 95. ISBN 978-1466586468. 
  • Jensen, Mark (2013). HR Pioneers: A History of Human Resource Innovations at Control Data Corporation. North Star Press of St. Cloud. ISBN 978-0878396535. 

External links



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