Ceridian Corporation, a leading provider of payroll, tax filing, benefits, human resources, workforce management and recruiting software and solutions, completed its acquisition of Toronto-based Dayforce Corporation for an undisclosed purchase price.
Dayforce Corporation is a leading cloud Human Capital Management software and services solution provider.
The acquisition concludes Ceridian's initial investment in Dayforce, announced February 2011. During the first 14 months of partnership, Ceridian and Dayforce have enjoyed phenomenal success delivering the industry's best workforce management solution, while expanding the Dayforce HCM application into both HR Self-Service and Payroll.
The Ceridian Dayforce HCM solution will provide companies with innovative capabilities and a leading user experience across Workforce Management, HR Self-Service, Payroll, and Benefits in 2012. Talent Management and Compensation & Performance Management will follow in 2013.
Ceridian was represented in the US by Weil, Gotshal & Manges LLP with a team in Boston comprising Steven Peck, Matt Goulding and Carrie Lorence (corporate/M&A); and a New York team comprising Todd Chandler and Noah Kressler (corporate/capital markets) and Kimberley Blanchard and Max Goodman (tax).
Ceridian Canada Ltd. was represented by in-house counsel, Scott Kitching, Executive Vice-President and Chief Legal Counsel and assisted by Goodmans LLP with a team that included Jonathan Feldman, Brad Ross and Zehra Sheerazi (corporate/M&A); Carrie Smit, Jon Northup, Maureen Berry and Ken Saddington (tax); Tom Friedland, Jason Wadden and Sara Gottlieb (litigation); and by Robert Lee of Aikins, MacAulay & Thorvaldson LLP on corporate and tax matters.
Dayforce Corporation was represented by LaBarge Weinstein LLP with a team that included Debbie Weinstein, Chase Irwin, Michael Sami and Colin Wynn (corporate/M&A) and Estelle Duez (tax).