Ceridian
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| Ceridian Corporation | |
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| Type | Private |
| Founded | 1992 |
| Headquarters | Bloomington, Minnesota, USA |
| Key people | Kathryn V. Marinello, President and CEO |
| Industry | Information services |
| Products | Human Resources Services; Flexible Benefits, EAP, Payroll, Multinational Services |
| Revenue | ▲US$1.54 billion (2006) [1] |
| Employees | 9,500+ (2007) [2] |
| Website | ceridian.com |
Ceridian Corporation is an information services company in the human resources, transportation and retail markets, serving businesses and employees in the USA, Canada and Europe. It was a publicly traded company on the New York Stock Exchange until it was acquired in 2007 by [1][2]
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[edit] History
Ceridian is a descendant of Control Data Corporation (CDC). In 1992, Ceridian emerged as an information services company from the restructuring of CDC, a computer services and manufacturing company founded in 1957. Since its formation, Ceridian has made a number of significant investments including the purchase of Centrefile (now Ceridian in the UK) in 1995, the largest outsourced payroll processing business in the United Kingdom.
In 2007 Ceridian was acquired for US$5.3 billion by Thomas H. Lee Partners and Fidelity National Financial (FNF). Ceridian common stock ceased trading on the NYSE before commencement of trading on 9 November 2007 and was delisted from the NYSE. William Foley, chief executive and chair at FNF, said: "Ceridian provides FNF with a company that has leading market positions in large, growing markets, long-term customer relationships, recurring revenue, strong cash flow and a significant margin expansion opportunity."[3]
[edit] Organization
Ceridian Human Resource Solutions serves 25 million employees and 110,000 companies in 38 countries worldwide, including over 75% of the Fortune 500 and 50% of the Financial Times Global 500.[3]
Kathryn Marinello was appointed President and Chief Executive Officer when Ronald L. Turner retired on 1 October 2006.
[edit] Awards
- In 2006 & 2007 Ceridian was recognised as a leading provider of HR & Payroll services at the annual pay awards, by winning the award for Payroll Outsourcing Provider of the Year.[4]
- In 2007, Ceridian was named to the fifth annual Companies That Care Honor Roll, chosen by an independent panel of professionals in a variety of industries. [5]
- In 2008, Ceridian was named to the Global Outsourcing 100 list, chosen by the International Association of Outsourcing Professionals (IAOP), for the third consecutive year. [6]
[edit] External links
- Ceridian - Official site
- The Global 2000 Technology Companies - Forbes
- Outsourcing: Somerfield - Pay Magazine
- Ceridian in the UK - Ceridian UK Ltd.
- HR Software - Web-based HR software
[edit] References
- ^ Ceridian agrees to 5.3 bln usd all-cash buyout deal. forbes.com. Retrieved on 2008-01-26.
- ^ "Ceridian to Be Taken Private in $5.3 Billion Deal", The New York Times, 2007-05-31. Retrieved on 2008-01-26.
- ^ "Human resources service provider Ceridian starts work under owners Fidelity National Financial and Thomas H Lee in £2.6bn deal", personneltoday.com, 2007-11-14. Retrieved on 2008-01-26.
- ^ ceridian.co.uk. "Ceridian scoops top honours for second year in succession". Press release. Retrieved on 2008-01-26.
- ^ ceridian.com. "Ceridian Ceridian named to the 5th Annual Companies That Care Honor Roll". Press release. Retrieved on 2007-03-19.
- ^ ceridian.com. "Ceridian Named to The Global Outsourcing 100 List for Third Straight Year". Press release. Retrieved on 2008-02-18.
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