Dayforce

{{Infobox company

| name = Dayforce, Inc.

| logo = File:Dayforce logo.jpg

| former_name = Ceridian HCM Holding Inc.

| type = Public

| traded_as = {{ubl|{{NYSE|DAY}}|S&P 500 component}}

| predecessor = Control Data Corporation

| founded = {{Start date and age|1992}}

| hq_location = {{nowrap|Minneapolis, Minnesota, U.S.}}

| key_people = David Ossip (CEO)

| industry = SaaS HCM Software

| products =

| revenue = {{increase}} {{US$|1.76 billion|link=yes}} (2024)

| operating_income = {{decrease}} US$104 million (2024)

| net_income = {{decrease}} US$18.1 million (2024)

| assets = {{increase}} US$9.12 billion (2024)

| equity = {{increase}} US$2.55 billion (2024)

| num_employees = 9,600 (2024)

| website = {{URL|dayforce.com}}

| footnotes = {{cite web

|url = https://www.sec.gov/ix?doc=/Archives/edgar/data/1725057/000095017025029980/day-20241231.htm

|title = Ceridian HCM Holding Inc. 2024 Annual Report (Form 10-K)

|publisher = U.S. Securities and Exchange Commission

|date = 28 February 2025

|pages = 8, 54–55}}

}}

Dayforce, Inc., formerly Ceridian, is a provider of human resources software and services with employees across its global footprint in the United States, Canada, Europe, Middle East, Latinamerica, Africa (EMEA), and the Asia Pacific Japan (APJ) region. It is a publicly traded company on the New York Stock Exchange and Toronto Stock Exchange.

Dayforce is also the name of the company's cloud Human Capital Management (HCM) platform, which covers the full suite of human capital management software, including payroll, tax filing, benefits, HR, talent intelligence, workforce management, and recruiting technology.{{Cite web |title=Dayforce {{!}} Your global people platform |url=https://www.dayforce.com |access-date=2024-02-01 |website=www.dayforce.com |language=en}}

History

Dayforce, formerly Ceridian,{{Cite web |title=Dayforce - Newsroom {{!}} Dayforce |url=https://www.dayforce.com/who-we-are/newsroom/ceridian-becomes-dayforce |access-date=2024-02-01 |website=www.dayforce.com |language=en}} is a descendant of Control Data Corporation (CDC). In 1992, Ceridian Corporation was founded as an information services company from the restructuring of CDC, a computer services and manufacturing company founded in 1957.{{cite book |first=Michael A. |last=Richard |year=2009 |page=[https://books.google.com/books?id=p8gScvl9lucC&pg=PA76 76] |title=Employee Assistance Programs: Wellness/Enhancement Programming |edition=4th |publisher=Charles C. Thomas Publisher |isbn=978-0398085612}}

{{Cite book|url=https://books.google.com/books?id=PgsZJgu-zDkC&q=ceridian%2520CDC%25201992&pg=PA133|title=Computerworld|last=Enterprise|first=I. D. G.|date=September 6, 1993|publisher=IDG Enterprise|language=en}} The computer product business was spun-off as Control Data Systems (CDS) and took the Control Data name.

In March 2001, Ceridian was split into two independent companies, with the "old" Ceridian Corporation changed its name to Arbitron and the rest of company (consisting of human resources services and Comdata business) took the Ceridian name.{{Cite web |title=ARBITRON INC (Form Type: 8-K, Filing Date: 03/30/2001) |url=http://edgar.secdatabase.com/1436/110465901500188/filing-main.htm |access-date=2023-04-25 |website=edgar.secdatabase.com}}

In 2007, Ceridian was acquired for $5.3 billion USD by Thomas H. Lee Partners and Fidelity National Financial (FNF).{{Cite news|url=https://www.nytimes.com/2007/05/31/business/31deal.html|title=Ceridian to Be Taken Private in $5.3 Billion Deal|last=Berenson|first=Alex|date=May 31, 2007|newspaper=The New York Times|issn=0362-4331|access-date=May 18, 2016}} Ceridian common stock ceased trading on the NYSE before commencement of trading on November 9, 2007 and was delisted from the NYSE.{{Cite web|url=https://www.bizjournals.com/twincities/stories/2007/11/05/daily40.html | title=Ceridian sale closes | author=Carissa Wyant | date=November 9, 2007 |access-date=2021-12-16|website=www.bizjournals.com}}

In March 2012, Ceridian completed its acquisition of Dayforce, a single SaaS application for HR, payroll, tax, benefits, workforce management, talent management, and several related activities.{{Cite web|url=http://diginomica.com/2015/03/06/ceridian-primes-customers-embrace-cloud-hcm/|title=Ceridian primes customers to embrace cloud HCM|date=March 6, 2015|website=diginomica|access-date=May 18, 2016}} In October 2013, Ceridian announced the legal separation of its Human Capital Management and payments businesses.{{Cite news|url=https://www.twincities.com/2013/10/04/business-briefing-saturday-oct-5/|title=Business briefing, Saturday, Oct. 5|date=October 4, 2013|work=Twin Cities|access-date=January 5, 2018|language=en-US}} Ceridian completed the separation on October 1, 2013 through a series of transactions, which resulted in the payments business being operated as Comdata Inc. (“Comdata”), and the HCM business being operated as Ceridian HCM Holding Inc. (“Ceridian HCM”).{{Cite web|url=http://cloudcomputing.sys-con.com/node/2821563|title=Ceridian Forms Separate HCM and Payments Businesses {{!}} @CloudExpo|website=cloudcomputing.sys-con.com|access-date=January 5, 2018|archive-url=https://web.archive.org/web/20180106063819/http://cloudcomputing.sys-con.com/node/2821563|archive-date=January 6, 2018|url-status=dead}}

In April 2018, Ceridian went public in an initial offering that raised over $400 million.{{Cite web|url=http://www.startribune.com/ceridian-holdings-hcm-completes-largest-ever-ipo-in-minnesota/480957311/|title=Ceridian HCM Holding completes largest IPO in Minnesota|website=Star Tribune|date=April 27, 2018 |access-date=January 28, 2020}}{{Cite news|date=April 25, 2018|title=Software Maker Ceridian Tops IPO Range to Get $462 Million|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2018-04-25/thomas-h-lee-backed-ceridian-raises-462-million-in-u-s-ipo|access-date=September 7, 2020}}

In September 2019, Ceridian acquired Australia-based enterprise HR software company Riteq.{{Cite web|url=https://www2.staffingindustry.com/Editorial/Daily-News/Ceridian-acquires-Australia-based-enterprise-workforce-management-solutions-provider-51246|title=Ceridian acquires Australia-based enterprise workforce management solutions provider|website=www2.staffingindustry.com|language=en-US|access-date=April 9, 2020}}

In April 2020, Ceridian acquired an Asian HCM (Excelity Global Solutions).{{Cite web |title=Ceridian offers agile SaaS solutions for engagement, recruitment and payroll |url=https://www.hcamag.com/au/specialisation/payroll/ceridian-offers-agile-saas-solutions-for-engagement-recruitment-and-payroll/410886 |access-date=2023-06-15 |website=www.hcamag.com |language=en}}

On March 1, 2021, Ceridian completed the acquisition of Ascender HCM.{{Cite press release|url=https://www.globenewswire.com/news-release/2021/03/01/2184209/0/en/Ceridian-Completes-Acquisition-of-Ascender.html|title=Ceridian acquires Australia-based Ascender HCM|website=www.ascenderhcm.com|date=March 2021 |language=en-US|access-date=March 3, 2021}}

On December 3, 2021, Ceridian acquired the US-based ADAM Human Capital Management which was a leading provider of payroll and HCM software and services for 33 countries in the Latin American, Brazilian, and Caribbean markets.{{Cite press release|title=Ceridian acquires payroll and HCM services firm ADAM HCM |url=https://www.hcamag.com/ca/specialization/employment-law/ceridian-acquires-payroll-and-hcm-services-firm-adam-hcm/319073 |access-date=October 4, 2024 |website=www.hcamag.com |language=en }}

On February 1, 2024, Ceridian transitioned the company’s brand to Dayforce{{Cite web |title=Ceridian Becomes Dayforce |url=https://www.dayforce.com/who-we-are/newsroom/ceridian-becomes-dayforce |access-date=2024-02-01 |website=www.dayforce.com |language=en}} and its ticker symbol to DAY on the New York Stock Exchange and Toronto Stock Exchange.{{Cite web |title=Ceridian to change ticker symbol to 'DAY' on NYSE and TSX effective February 1 |url=https://www.dayforce.com/who-we-are/newsroom/ceridian-to-change-ticker-symbol-to-day-on-nyse-and-tsx-effective-february-1 |access-date=2024-02-01 |website=www.dayforce.com |language=en}} This replaced the company’s previous ticker symbol, CDAY, which had been in use since the company’s initial public offering in 2018.

Leadership

David Ossip, Chairman and Chief Executive Officer (2013–present){{Cite web|url=https://www.itworldcanada.com/article/ceridian-says-it-plans-to-create-2000-jobs-in-canada-over-five-years/427192|title=Ceridian says it plans to create 2,000 jobs in Canada over five years|last=Smith|first=Buckley|website=IT World Canada|date=February 11, 2020 |language=en-US|access-date=February 13, 2020}}