Ceridian HCM is an American provider of
human resources
Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include m ...
software
Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work.
At the lowest programming level, executable code consists ...
and services with employees in the
USA
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
,
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...
,
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
,
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
and
Mauritius
Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It incl ...
. It is a publicly traded company on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
.
History
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.
In 2007, Ceridian was acquired for US$5.3 billion by
Thomas H. Lee Partners
Thomas H. Lee Partners, L.P. is an American private equity firm based in Boston investing in middle market growth companies across financial technology and services, healthcare and technology & business solutions.
History
Founded in 1974 by ...
and Fidelity National Financial (FNF). Ceridian common stock ceased trading on the
NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...
before commencement of trading on November 9, 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.
In October 2013, Ceridian announced the legal separation of its Human Capital Management and payments businesses. 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”).
David Ossip, Chief Executive Officer of Dayforce, became CEO of Ceridian HCM in February 2013.
In April 2018, Ceridian went public in an initial offering that raised over $400 million.
In September 2019, Ceridian acquired Australia-based enterprise workforce management solutions provider Riteq.
In April 2020, Ceridian acquired an Asian HCM (Excelity Global Solutions).
On 1 March 2021, Ceridian completed the acquisition of Ascender HCM.
Leadership
* David Ossip, Chairman and Chief Executive Officer (2013–present)
* Leagh Turner, President and Chief Operating Officer (2018–present)
References
Further reading
HR Pioneers: A History of Human Resource Innovations at Control Data Corporation - Mark Jensen The Integration of Employee Assistance, Work/Life, and Wellness ServicesAchieving HR Excellence through Six Sigma - Daniel BloomEmployee Assistance Programs: Wellness/Enhancement Programming (4th Ed.)
External links
*
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1982 establishments in Minnesota
Fidelity National Financial
American companies established in 1992
Consulting firms established in 1992
Software companies established in 1992
Companies based in Bloomington, Minnesota
Software companies based in Minnesota
International management consulting firms
International information technology consulting firms
Human resource management software
ERP software companies
Companies listed on the New York Stock Exchange
2007 mergers and acquisitions
2018 initial public offerings
Software companies of the United States