Ceridian Completes Acquisition of Ascender
March 01 2021 - 7:00AM
Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital
management (HCM) technology, today announced it has completed the
acquisition of Ascender HCM Pty Limited, a leading HR and payroll
solutions provider in the Asia Pacific Japan (APJ) region. The
acquisition was previously announced on February 1, 2021 and closed
effective today.
“Ceridian provides the most comprehensive human
capital management and payroll solution in the APJ region, and this
is an exciting milestone as we continue to scale and accelerate our
global growth strategy,” said David Ossip, Chairman and CEO,
Ceridian. “Together with Ascender, we’ll provide unmatched value to
customers through our product innovation and local expertise,
coupled with the continued expansion of the Dayforce platform.”
A leading HCM provider in the region,
Ascender provides more than 1,200 global brands with
leading HR and payroll capabilities. With this acquisition,
Ceridian will have the opportunity to deliver additional value to
Ascender’s customers through the Dayforce platform’s full-suite HCM
capabilities, including workforce management, payroll, talent
management, and time and attendance.
“We are laser focused on bringing quantifiable
value to customers, and that’s why we are bringing Ascender into
the Ceridian family,” said Stephen Moore, Head of Asia Pacific
Japan, Ceridian. “By combining Ceridian’s award-winning Dayforce
platform with Ascender’s reach, expertise, and leadership, we are
laying the foundation to support our customers’ current and future
human capital needs in the APJ region and beyond.”
Ascender has deep industry expertise across all
verticals, including higher education and government, coupled with
a strong partner ecosystem. Ceridian now serves a combined 1,500
customers and 2.5 million employees across 30 countries in the APJ
region.About Ceridian Ceridian. Makes
Work Life Better™.
Ceridian HCM Holding Inc. (“Ceridian” or the
“Company”) 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 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 1-844-829-9499 investors@ceridian.com
Media contact: Teri
Murphy 1-647-417-2117 teri.murphy@ceridian.com
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