Ceridian Completes Acquisition of Singapore-based Excelity Global
29 May 2020 - 9:00PM
Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital
management (HCM) technology, today announced it has completed the
acquisition of Excelity Global Solutions Pte Ltd. (Excelity), an
Asia-based HCM service provider from the Everstone Group. The
acquisition was previously announced on May 5, 2020 and closed and
became effective today.
“The acquisition of Excelity is an important next step in our
global expansion and builds on our recent investment in Australia
and New Zealand. We welcome our new colleagues, customers and
partners, and we look forward to extending our HCM leadership in
the Asia Pacific Japan region,” said David Ossip, Chairman and CEO,
Ceridian. “Ceridian has 4,480 customers on the Dayforce cloud
platform, and we are excited to bring the full power of Dayforce to
customers in the APJ region.”
“As we welcome the Excelity team to Ceridian, we are
strengthening our commitment to our customers in the highly
attractive APJ region,” said Stephen Moore, Head of Asia Pacific
Japan, Ceridian. “Now more than ever, organizations need to make
intelligent decisions that deliver hard dollar value, and Ceridian
is uniquely positioned to help organizations deliver quantifiable
value and create simple, modern experiences that employees will
love.”
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.
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.
Dayforce is offered in Canada, the United States, the United
Kingdom, Ireland, Australia, and New Zealand. Native payroll is
being built currently for Germany, Mexico, and Mauritius.
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 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
Ceridian HCM (NYSE:CDAY)
Historical Stock Chart
From Apr 2024 to May 2024
Ceridian HCM (NYSE:CDAY)
Historical Stock Chart
From May 2023 to May 2024