Ceridian to deliver complete Human Capital Management (HCM) Solution
using the Dayforce Cloud Platform
MINNEAPOLIS & TORONTO, Feb. 7, 2012 /CNW/ - Ceridian Corporation, a leading global provider of human resources, payroll, benefits, tax filing, recruiting, workforce management software and payment solutions, announced today it has entered into a definitive agreement to acquire
Dayforce Corporation. The acquisition underscores Ceridian's commitment
to cloud technology and builds on Ceridian's February 2011 investment
in Dayforce's award-winning HCM platform.
"Innovation is a top priority at Ceridian. With this acquisition we are
gaining development and delivery expertise and innovative technology
that are the perfect complement to Ceridian's experience, established
customer base and tremendous market reach," said Stuart C. Harvey, Jr., Ceridian's chief executive officer and president. "We are well
positioned to deliver the most advanced human capital management cloud
platform in the industry."
Ceridian introduced its new workforce management solution in 2011 using
the Dayforce platform. The customer response to the new workforce
management offering has been overwhelmingly successful, with over 450
accounts sold in less than a year.
"Our partnership with Ceridian has been a perfect match from the
outset," said David Ossip, Dayforce chief executive officer and
president. "Ceridian's large customer base and robust distribution
channels are an ideal outlet for Dayforce's innovation and development
Ceridian's new platform will be marketed as Dayforce|HCM and in 2012
will include human resources, payroll, benefits, self-service, time &
attendance, and scheduling. Clients can access the solution via the web
and on mobile devices.
Dayforce|HCM has been designed for both existing and new clients,
including two-way interfaces with Ceridian's current HR, payroll,
benefits, and paycard solutions. This allows Ceridian's 130,000
existing customers to benefit from the new Dayforce|HCM modules while
continuing to use their existing Ceridian products.
The transaction is expected to close in March, at which time Ossip will
become president of Ceridian Dayforce, the new organization responsible
for the development and management of Ceridian's Dayforce|HCM
application and services. Closing of the transaction is subject to
customary conditions, including approval of Dayforce's shareholders and
of the Canadian court with jurisdiction over the transaction.
About Ceridian Canada
Ceridian is an human capital management solutions provider that helps
clients focus on their core business, reduce costs and build
organizational capabilities by finding, paying, deploying, developing
and engaging their talent. A trusted partner to more than 42,000
customers, Ceridian offers a comprehensive range of solutions from
payroll services and recruitment and staffing, to EAP, learning &
development, and workforce and talent management. Visit www.ceridian.ca
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SOURCE Ceridian Canada Ltd.
For further information:
Director, External Communications & Brand
Ceridian Canada Ltd.