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Ceridian Reviews

Minneapolis, Minnesota

4.5/ 5

2 reviews

Dayforce, Inc., formerly known as Ceridian HCM Holding Inc., is a prominent global human capital management (HCM) technology company. Headquartered in Minneapolis, Minnesota, and Toronto, Ontario, the company provides a comprehensive, cloud-based flagship platform called Dayforce. This platform integrates human resources, payroll, benefits, workforce management, and talent management into a single application, serving a diverse range of industries including retail, healthcare, manufacturing, and financial services globally. The company traces its roots back to 1992, emerging from the restructuring of the information services division of Control Data Corporation (CDC) under its first CEO, Lawrence Perlman. Throughout the 1990s and 2000s, the company scaled its operations and market footprint through significant international acquisitions, such as purchasing Canada's Comcheq Services in 1995 and the UK-based Centrefile in 1998, establishing itself as a dominant enterprise payroll processor in North America and Europe. A pivotal moment in the company's evolution occurred in March 2012 when Ceridian acquired Dayforce, a cloud-based HCM solution founded by David Ossip, who subsequently became Ceridian’s CEO. This acquisition initiated a major strategic pivot, transitioning the company from a legacy, high-margin service bureau provider into a modern Software-as-a-Service (SaaS) cloud vendor. In April 2018, the company went public on the New York Stock Exchange and Toronto Stock Exchange, raising over $400 million. In subsequent years, the firm expanded its capabilities and geographic footprint through several key acquisitions, including Excelity Global Solutions in Asia, Ascender HCM in the Asia-Pacific region, ADAM Human Capital Management in Latin America, and the Danish learning platform Eloomi in early 2024. To reflect its unified product focus, the corporation officially rebranded from Ceridian to Dayforce in January 2024, changing its stock ticker symbol to DAY. In early 2026, private equity firm Thoma Bravo completed a $12.3 billion acquisition of Dayforce, which included a minority investment from the Abu Dhabi Investment Authority. Technologically, Dayforce distinguishes itself through its single, flexible rules engine and a patented continuous calculation engine, which processes payroll in real time and eliminates the need for complex, batch-based system integrations. Key innovations include the Dayforce Wallet, launched in 2018 to enable on-demand pay access for employees, alongside advanced predictive artificial intelligence and machine learning modules introduced between 2024 and 2025 to optimize labor forecasting and hyper-personalize workforce benefit utilization. Financially, prior to its 2026 take-private transaction, the organization reported annual consolidated revenues of approximately $1.76 billion and maintained a global workforce of over 4,000 employees.