Ceridian Strengthens Compliance Offering with DataFuZion Acquisition
Minneapolis, MN and Toronto, ON, November 10, 2021
Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced it has acquired substantially all of the assets of DataFuZion HCM, Inc., an HCM technology company.
In today’s increasingly borderless world of work, organizations are continually challenged to address complex compliance rules and regulations. Forward-thinking leaders need to harness the power of technology to help maintain compliance, create efficiencies, and improve automation and accuracy.
The acquired technology includes specific features for certified payroll reporting, prevailing wage rate calculations, incentive payments, union rate calculations, and complex general ledger reporting. This acquisition extends Ceridian’s leadership in industries often experiencing complex payroll requirements including construction, public sector, government contracting, manufacturing, union, and non-profit sectors.
“Today’s announcement reinforces our commitment to bolster our expertise in priority verticals, and delivers on our vision to provide innovation and experiences through Dayforce,” said Joe Korngiebel, Chief Product and Technology Officer, Ceridian. “Together with the DataFuZion team, we will fuel our industry growth and help our customers achieve even more value as they navigate the new world of work.”
“Our highly configurable solution, coupled with our extensive workforce management and payroll expertise, will generate quantifiable value for Ceridian customers around the world,” said Sean McKenna, CEO and Founder, DataFuZion. “We’re tremendously excited by the opportunity that Ceridian offers us to continue to grow our team and help more companies succeed in today’s constantly changing compliance landscape.”
Ceridian. Makes Work Life Better™.
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. Visit Ceridian.com or follow us @Ceridian.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding 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 future financial and operating results 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.