Ceridian to Acquire Singapore-based Excelity Global
May 06 2020 - 03:17PM
Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital
management (HCM) technology, today announced it has entered into a
definitive share purchase agreement to acquire Excelity Global
Solutions Pte Ltd. (Excelity), an Asia-based HCM service provider
from the Everstone Group. The transaction is expected to close
during the second quarter of 2020.
“Building on our recent investment and expansion in Australia
and New Zealand, the acquisition of Excelity will position Ceridian
as a leading HCM provider in the Asia-Pacific region and
demonstrates our intent to advance our growth globally,” said David
Ossip, Chairman and Chief Executive Officer, Ceridian. “We look
forward to welcoming Excelity’s employees, customers, and partners
to Ceridian. Our two companies share a commitment to helping
leaders make smart decisions that create quantifiable value for
their companies and experiences their employees will love.”
"Ceridian has experienced extraordinary growth because they put
the customer at the center of everything they do, and they do the
most complex things exceptionally well and at scale,” said Jeya
Kumar, Executive Chairman, Excelity. “Ceridian and its
industry-leading Dayforce solution will help our customers achieve
their aspirations.”
Founded in 1997, Excelity works with more than 300 customers
across the APAC region. It operates its proprietary native payroll
platform in India, China, Hong Kong, Indonesia, Japan, Malaysia,
the Philippines, Singapore, South Korea, Taiwan, Thailand,
Australia, and New Zealand delivered through the Managed Services,
Platform as a Service (PaaS) and Software as a Service (SaaS)
models. A leading HR outsourcing services partner in the region,
Excelity delivers over 1.2 million payslips per month. Customers
include Forbes, Volvo, Emerson, Oracle, QBE, Palo Alto Networks,
Mammoet, Lufthansa, Uber, and Mondelez.
Today, Ceridian also announced that Stephen Moore, Ceridian’s
Executive Director of Australia and New Zealand, will assume the
newly created position of Head of Asia Pacific Japan (APJ), upon
closing of the acquisition. In this expanded role, Moore will have
responsibility for Ceridian’s new Asia Pacific Japan region,
including the Excelity team. Moore, who has more than 30 years of
experience leading customer operations in APJ, will help Ceridian
enhance its world-class service to our customers globally.
“As we accelerate our global momentum, I look forward to
elevating the experience we provide to our customers and continuing
our strong operational performance,” said Stephen Moore. “Ceridian
has 4,480 customers on the Dayforce platform, and we look forward
to bringing the full power of Dayforce to customers in the Asia
Pacific Japan region.”
About Ceridian Ceridian. Makes Work
Life Better™
Ceridian HCM Holding Inc. (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 FactorsThis
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 Ceridian’s Quarterly Reports on Form 10-Q, Annual
Reports on Form 10-K and other filings with the Securities and
Exchange Commission.
Investor Relations contact: Jeremy Johnson Vice President,
Finance and Investor Relations Ceridian HCM Holding Inc.
1-844-829-9499 investors@ceridian.com
Media contact:Teri Murphy647.883.8041
teri.murphy@ceridian.com
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