Ceridian
| |
Public | |
Industry | Information services |
Founded | 1992 |
Headquarters | Bloomington, Minnesota, USA |
Key people | David Ossip, CEO of Ceridian HCM |
Revenue |
|
Number of employees | 4,000+ (2018) [2] |
Website | www.ceridian.com |
Ceridian HCM, Inc. is a 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 as of April 2018.
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.[3][4]
In 2007, Ceridian was acquired for US$5.3 billion by Thomas H. Lee Partners and Fidelity National Financial (FNF).[5] 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.[6] In October 2013, Ceridian announced the legal separation of its Human Capital Management and payments businesses.[7] 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”).[8]
David Ossip, Chief Executive Officer of Dayforce, became CEO of Ceridian HCM in February 2013.[6]
In April 2018, Ceridian went public in an initial offering that raised over $400 million.
References
- ↑
- ↑
- ↑ Richard, Michael A. (2014-05-14). EMPLOYEE ASSISTANCE PROGRAMS: Wellness/Enhancement Programming (4th Ed.). Charles C Thomas Publisher. ISBN 9780398085612.
- ↑ Enterprise, I. D. G. (1993-09-06). Computerworld. IDG Enterprise.
- ↑ 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.
- 1 2 "Ceridian primes customers to embrace cloud HCM". diginomica. 2015-03-06. Retrieved 2016-05-18.
- ↑ "Business briefing, Saturday, Oct. 5". Twin Cities. 2013-10-04. Retrieved 2018-01-05.
- ↑ "Ceridian Forms Separate HCM and Payments Businesses | @CloudExpo". cloudcomputing.sys-con.com. Retrieved 2018-01-05.