Ceridian

Ceridian Corporation

Type	Private
Industry	Information services
Founded	1992
Headquarters	Bloomington, Minnesota, USA
Key people	Stuart C. Harvey, Jr., President and CEO
Products	Global Human Resource Services, Payroll, Employee Benefits, Employee Assistance Programs, Corporate Health and Productivity, US State Health Insurance Exchange Compliance Services, Payment/Paycard Solutions, Retail Gift Cards
Revenue	US$1.54 billion (2006) [1]
Employees	9,500+ (2007) [2]
Website	ceridian.com

Ceridian Corporation is a global business services company in the human resources, transportation and retail markets, serving businesses worldwide with employees in the USA, Canada, Europe and Mauritius. It was a publicly traded company on the New York Stock Exchange until it was acquired in 2007 by Thomas H. Lee Partners and Fidelity National Financial.^[1][2]

History

Ceridian is a descendant of Control Data Corporation (CDC). In 1992, Ceridian emerged as an information services company from the restructuring of CDC, a computer services and manufacturing company founded in 1957. Since its formation, Ceridian has made a number of significant investments including the purchase of Centrefile (now Ceridian in the UK) in 1995, the largest outsourced payroll processing business in the United Kingdom.

In 2007 Ceridian was acquired for US$5.3 billion by Thomas H. Lee Partners and Fidelity National Financial (FNF). Ceridian common stock ceased trading on the NYSE before commencement of trading on 9 November 2007 and was delisted from the NYSE. William Foley, chief executive and chair at FNF, said: "Ceridian provides FNF with a company that has leading market positions in large, growing markets, long-term customer relationships, recurring revenue, strong cash flow and a significant margin expansion opportunity."^[3]

Organization

Ceridian Human Resource Solutions serves 25 million employees and 110,000 companies in more than 100 countries worldwide, including over 75% of the Fortune 500 and 50% of the Financial Times Global 500.[3]

Kathryn Marinello was appointed President and Chief Executive Officer when Ronald L. Turner retired on 1 October 2006.

Effective 25 January 2010, Kathryn Marinello was replaced on an interim basis by Lee Kennedy, 59, a current member of the company's board of directors and vice chairman of Fidelity National Information Services Inc.^[4]

Stuart C. Harvey, Jr. became President and Chief Executive Officer of Ceridian effective 16 August 2010.

Ceridian-UCLA Pulse of Commerce Index

Ceridian’s monthly Ceridian-UCLA Pulse of Commerce Index (PCI) is based on an analysis of real-time diesel fuel consumption data from over the road trucking tracked by Ceridian Corporation. Ceridian produces the index in conjunction with UCLA Anderson School of Management and Charles River Associates. It mirrors closely the Federal Reserve’s Industrial Production Index but is issued days before that index is released.

The index is built by analyzing Ceridian’s electronic card payment data that captures the location and volume of diesel fuel being purchased by over the road trucking operations, providing a detailed picture of the movement of products across the United States. The PCI also provides a regional breakdown based on the nine U.S. Census regions.

Additional information on the PCI is available at www.Ceridianindex.com. The Web site offers further detail such as index graphs, U.S. maps illustrating the source data, information on how the data is obtained, and the opportunity to receive updates on the latest information via e-mail and RSS feeds. The PCI will be publicly released on or near the 10th day of each month. The first report was published February 10, 2010 and included historical data from prior months and years.

Awards

• In 2006 & 2007 Ceridian was recognised as a leading provider of HR & Payroll services at the annual pay awards, by winning the award for Payroll Outsourcing Provider of the Year.^[5]
• In 2007, Ceridian was named to the fifth annual Companies That Care Honor Roll, chosen by an independent panel of professionals in a variety of industries.^[6]
• In 2009, Ceridian was named as a finalist in the Customer Service Department of the Year category in the third annual Stevie Awards for Sales & Customer Service.^[7]
• In 2009, Ceridian LifeWorks was awarded an Honorable Mention for Health Information/Decision Support by a leading health care accreditation organization, URAC.^[8]
• In 2009, Ceridian was named to the Global Outsourcing 100 list, chosen by the International Association of Outsourcing Professionals (IAOP), for the fourth consecutive year, climbing to the 22nd spot on the list.^[9]
• In 2010, Ceridian was presented with a Stevie Award in the Customer Service Department of the Year category, Stevie Awards.^[10]

Primary Competition

• ADP
• Paychex
• Paylocity Corporation
• Payroll Guardian International, Inc.
• Paycycle
• Intuit Online Payroll
• SurePayroll
• SHPS
• Hewitt

External links

• Ceridian - Official site
• Ceridianindex.com - Ceridian-UCLA Pulse of Commerce Index (PCI) official site
• The Global 2000 Technology Companies - Forbes
• Outsourcing: Somerfield - Pay Magazine
• Ceridian in the UK - Ceridian UK Ltd.

References

1. ^ "Ceridian agrees to 5.3 bln usd all-cash buyout deal". forbes.com. 2007-05-31. http://www.forbes.com/afxnewslimited/feeds/afx/2007/05/30/afx3772621.html. Retrieved 2008-01-26. 
2. ^ Berenson, Alex (2007-05-31). "Ceridian to Be Taken Private in $5.3 Billion Deal". The New York Times. http://www.nytimes.com/2007/05/31/business/31deal.html?_r=1&scp=3&sq=Ceridian&st=nyt&oref=slogin. Retrieved 2008-01-26. 
3. ^ "Human resources service provider Ceridian starts work under owners Fidelity National Financial and Thomas H Lee in £2.6bn deal". personneltoday.com. 2007-11-14. http://www.personneltoday.com/articles/2007/11/14/43260/human-resources-service-provider-ceridian-starts-work-under-owners-fidelity-national-financial-and-t.html. Retrieved 2008-01-26. 
4. ^ "Ceridian CEO departs without explanation". Minneapolis Star Tribune. 2010-01-25. http://www.startribune.com/business/82606402.html?elr=KArksLckD8EQDUUUUl. 
5. ^ "Ceridian scoops top honours for second year in succession" (Press release). ceridian.co.uk. http://www.ceridian.co.uk/hr/content/1,4099,459-335,00.html. Retrieved 2008-01-26. 
6. ^ "Ceridian Ceridian named to the 5th Annual Companies That Care Honor Roll" (Press release). ceridian.com. http://www.ceridian.com/corp/article/1,2868,14434-64044,00.html. Retrieved 2007-03-19. 
7. ^ "Ceridian Corporation Named as Finalist in 2009 Stevie Awards for Customer Service" (Press release). ceridian.com. http://www.ceridian.com/about_us_article/1,6266,15893-70294,00.html. Retrieved 2009-01-22. 
8. ^ "Ceridian LifeWorks Awarded Honorable Mention for Best Practices in Health Information/Decision Support by URAC" (Press release). ceridian.com. http://www.ceridian.com/about_us_article/1,6266,15893-70955,00.html/. Retrieved 2009-04-15. 
9. ^ "Ceridian Rises in Prominence on Latest Global Outsourcing 100 List" (Press release). ceridian.com. http://www.ceridian.com/about_us_article/1,6266,15893-71017,00.html/. Retrieved 2009-04-28. 
10. ^ "Ceridian Wins Stevie Award for Customer Service Department of the Year" (Press release). ceridian.com. http://www.ceridian.com/about_us_article/1,6266,16495-73781,00.html/. Retrieved 2010-02-24.