Ceridian is a publicly-traded software company that exclusively develops human resource software and products. It was launched 30 years ago and currently, its headquarters is based in Minnesota, US. Ceridian is popular in the USA and it has also established an international market in Australia, Europe, Mauritius, and Canada. The company currently has 6,000 employees and the company’s recent focus is on its Dayforce platform (launched in Mauritius two years ago). Dayforce is a very successful product suite of the company that integrates that combines every purpose from payroll to workforce management in a single cloud solution.
About Ceridian
Ceridian is a human capital management company and its full name is Ceridian HCM Holding Inc. The company’s main flagship product became Dayforce in 2012 after the acquisition of the company. It provides several necessary HR features like payroll, talent management, employee benefits, etc. From recruiting to retirement, It helps in managing the entire employee lifecycle with the help of Dayforce.
Apart from Dayforce, Ceridian has solutions for a wide range of sectors from healthcare to entertainment. Company has also received several awards on various grounds such as Gender Equality Index 2022 by Bloomberg, Top HR Product 2020, Great Place to Work, etc. This year, Ceridian has also appointed Leagh Turner as the Co-CEO (sharing the position with David Ossip) and also as a member of the company’s Board of Directors.
History of the Company
In 1992, Ceridian was established as a result of restructuring Control Data Corporation (CDC) which was one of the biggest US-based computer companies in the 1960s. The company was originally formed as an information services company. After it was spun out of CDC, many CDC businesses were operated under the brand name of Ceridian. Until 2007, Compay was listed on New York Stock Exchange but then it was acquired by a private equity firm. Thomas H. Lee Partners and Fidelity National Financial (FNF) got the ownership of Ceridian for $5.3 billion. Ceridian started gaining a lot of importance in the payroll market because it was the time when all-cloud HCM software solutions were rising in the market and Company grasped the opportunity, especially with Dayforce.
In March 2012, Ceridian acquired Dayforce, a SaaS application appropriate for all HR purposes. Ceridian’s HR solutions started flourishing after acquiring Dayforce and in 2013 it decided to its HCM and payment businesses. After a few months and several transactions, the separation was finally completed in October 2013. The company decided that its payment business will be operated under the name “Comdata” and the HCM business will be operated under the name “Ceridian HCM.” The company decided to hold the brand name for its HCM product suite because it has already become very popular among customers as Ceridian. In the same year, David Ossip became the CEO of the company. It again decided to go public in 2018 and hence filed an IPO and raised over $400 million. Recently, Ceridian has also acquired a few companies. They are Riteq, an Australian-based workforce management enterprise (2019), an Asian HCM called Excelity Global Solutions (2020), and Ascender HCM (2021).
About Control Data Corporation
CDC was a very reputed computer firm because during the 1960s this company had some of the world’s fastest computers. Seymour Cray, a supercomputer architect also worked for the company but he left to establish Cray Research in the 1970s. After the company entered in the 1980s, it started facing huge loss and thus most of the business and manufacturing unit of the company was shut down. Rest whatever was left came under the brand name Ceridian.
David Ossip – CEO
David Ossip is the current CEO and Chairman of Ceridian. He founded Dayforce in 2009 and when it was acquired by Ceridian, he joined the company. David also founded Workbrain before he became a part of Ceridian. He also served as the Chairman of LifeWorks for two years and Advisory Board Member of OMERS Ventures for four years. David went to the University of Toronto followed by Harvard Business School.
Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more