Ceridian Completes Acquisition of Australian Workforce Management Solutions Provider, RITEQ
September 13 2019 - 7:00AM
Business Wire
Acquisition to accelerate Ceridian’s momentum
in the Australian and New Zealand markets
Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human
capital management (HCM) technology, announced today that it has
completed the acquisition of RITEQ1, a provider of enterprise
workforce management solutions. The acquisition was previously
announced on September 5, 2019 and closed and became effective
today.
“Australia and New Zealand are highly attractive markets, and we
believe the acquisition of RITEQ, combined with Dayforce Payroll in
Australia, truly positions Ceridian as a leading HCM provider in
the region. I am delighted to meet our new colleagues, customers,
and partners at next week’s Executive Summits in Sydney and
Melbourne,” said David Ossip, Chairman and CEO, Ceridian. “We look
forward to driving great employee experiences and hard dollar
returns for our customers.”
Ceridian. Makes Work Life Better™.
Ceridian is a global human capital management software company.
Dayforce, our flagship cloud HCM platform, provides human
resources, payroll, benefits, workforce management, and talent
management functionality. Our platform is used to optimize
management of the entire employee lifecycle, including attracting,
engaging, paying, deploying, and developing people. Ceridian has
solutions for organizations of all sizes. Visit Ceridian.com or
follow us @Ceridian.
Forward-Looking Statement and Risk Factors
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Statements that are
not historical facts, including statements regarding the
acquisition discussed in the press release and our expectations,
hopes, intentions or strategies regarding the future are
forward-looking statements. Forward-looking statements are based on
management's beliefs, as well as assumptions made by, and
information currently available to, management. Because such
statements are based on expectations as to the future and are not
statements of fact, actual results may differ materially from those
projected. We undertake no obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
This press release should be read in conjunction with the risks
detailed in the “Cautionary Note Regarding Forward-Looking
Information,” “Forward-Looking Statement”, “Risk Factors” and other
sections of the Company’s Quarterly Reports on Form 10-Q, Annual
Reports on Form 10-K and other filings with the Securities and
Exchange Commission.
1 The acquisition was completed pursuant to a share purchase
agreement entered into with the shareholders of Lusworth Pty
Limited, the parent company of RITEQ.
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version on businesswire.com: https://www.businesswire.com/news/home/20190913005131/en/
Media contact: Teri Murphy 647.883.8041
teri.murphy@ceridian.com
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