London and Michigan Center, MI, Nov 8th, 2021 - Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, has entered into a definitive agreement to acquire substantially all the assets of DataFuzion HCM, Inc., a specialist enterprise workforce management and HCM integration solutions provider based in Michigan Center, MI. Venero Capital Advisors and Acquisitions Partners Group acted as joint financial advisers to DataFuzion.
DataFuzion's powerful FUZE platform enables bi-directional HCM integrations, integration monitoring & notifications, employee data integrations, FLSA logic & calculations as well as custom reporting & analytics with particular focus on industries such as construction, manufacturing, automotive, healthcare, government and more. Shaping the future of HCM integration, DataFuzion's proprietary technology includes a robust dashboard, dynamic user maintained table structures, data testing and validation, as well as ad-hoc data reporting for complex solution setups and multi-system environments.
Sean McKenna, founder and CEO of DataFuzion HCM, said: "We are extremely excited to be joining forces with Ceridian. Together we can deliver an unparalleled experience to clients across dozens of industries, powering integrations that span hundreds of system connections. I would like to thank the teams at Venero and APG for their invaluable support and guidance throughout this process. Their intimate knowledge of the Work Tech / HR Tech space and deep M&A experience has been instrumental in successfully closing the best deal for DataFuzion.
Georgios Markakis, Managing Partner at Venero, stated: "We are immensely proud to have supported DataFuzion on this transformational transaction. Sean and his team have developed a highly differentiated, in-demand offering that addresses complex customer needs across multiple industries. We wish them continued success and hyper-growth as part of Ceridian."
The deal represents yet another successful WorkTech transaction for Venero Capital Advisors, the only international corporate finance advisory firm focusing exclusively on HR Tech and the Future of Work.
For enquiries, please contact:
Georgios Markakis, Managing Partner, email@example.com
About Venero Capital Advisors
Venero Capital Advisors offers tailored and independent investment banking services to businesses operating in HR Tech and the Future of Work sector. Our client relationships are built and carefully maintained on trust, discretion and dedication. We combine in-depth industry expertise with market leading advisory skills – delivered within a highly confidential and unconflicted framework. For more information, please visit www.venerocapitaladvisors.com
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