Ceridian

Ceridian

Human capital management aimed at helping businesses improve worker productivity. Learn more

Launch date
Employees
Market cap
CAD12.8b
Enterprise valuation
CAD13.7b (Public information from Sep 2024)
Company register number 03100021
Minneapolis Minnesota (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues843m1.0b1.2b1.5b1.7b2.0b2.3b
% growth2 %22 %22 %21 %15 %13 %15 %
EBITDA56.9m23.1m54.7m265m502m589m712m
% EBITDA margin7 %2 %4 %17 %29 %30 %31 %
Profit(4.0m)(75.4m)(73.4m)54.8m54.2m153m261m
% profit margin-(7 %)(6 %)4 %3 %8 %11 %
EV / revenue19.3x16.2x8.5x7.3x5.5x4.8x4.0x
EV / EBITDA285.2x717.5x194.6x41.6x19.3x16.0x12.8x
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DateInvestorsAmountRound

$5.3b

Valuation: $5.3b

Acquisition

$150m

Growth Equity VC
*
N/A

$462m

Valuation: $2.9b

4.3x EV/LTM Revenues

28.9x EV/LTM EBITDA

IPO
Total FundingCAD205m

Recent News about Ceridian

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More about Ceridianinfo icon
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Ceridian, operating under the brand name Dayforce, is a global leader in Human Capital Management (HCM) software. Their flagship product, Dayforce, integrates payroll, human resources (HR), benefits, time reporting, talent, and workforce management into a single, cloud-based application. This comprehensive solution is designed to simplify complex HR processes, allowing businesses to focus more on strategic growth and less on administrative tasks.

Ceridian serves a diverse range of clients, primarily targeting medium to large enterprises with over 1,000 employees. These clients span various industries, including retail, healthcare, manufacturing, and financial services. The company operates in the competitive HCM market, which is characterized by the need for efficient, real-time management of employee data and processes.

The business model of Ceridian revolves around a Software-as-a-Service (SaaS) approach. Clients subscribe to the Dayforce platform, paying a recurring fee based on the number of users and the specific modules they utilize. This subscription model ensures a steady stream of revenue for Ceridian, while also providing clients with continuous updates and support.

Ceridian makes money through these subscription fees, as well as through additional services such as implementation support, training, and consulting. By offering a scalable and flexible solution, Ceridian helps businesses reduce complexity, improve employee experience, and make smarter decisions that add value to their organization.

In summary, Ceridian's Dayforce platform is a powerful tool for modern enterprises looking to streamline their HR and payroll processes. By leveraging innovative technology, Ceridian enables its clients to overcome the complexities of workforce management and focus on strategic growth.

Keywords: HCM software, payroll, HR, benefits, time reporting, talent management, workforce management, cloud application, SaaS, enterprise solutions.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Ceridian

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Dayforce
ACQUISITION by Ceridian Feb 2012
Versult
ACQUISITION by Ceridian Jun 2011
eloomi
ACQUISITION by Ceridian Jan 2024
ADAM Human Capital Management
ACQUISITION by Ceridian Dec 2021
Excelity Global
ACQUISITION by Ceridian May 2020
Ascender HCM
ACQUISITION by Ceridian Feb 2021
Ideal
ACQUISITION by Ceridian Apr 2021
DataFuZion
ACQUISITION by Ceridian Nov 2021