Company and Financials
Ceridian is a global HCM software company. Dayforce is its flagship cloud HCM platform providing HR, payroll, benefits, workforce management, and talent management functionality. The company operates a significant partner program through relationships with software integrators, consulting firms, brokers and small business sales channel partners.
Dayforce is sold through a direct sales force on a subscription per-employee, per-month (“PEPM”) basis. Subscriptions are typically structured with an initial fixed term of between three and five years, with evergreen renewal thereafter. Target customers range from 100 to over 100,000 employees across multiple industries. Dayforce has grown at a compound annual growth rate of c. 60% since 2012 and currently serves more than 3,000 customers.
The company's key growth pillars are as follows:
As part of the transaction, Ceridian will spin out to existing shareholders its interest in employee engagement and wellbeing platform LifeWorks.
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