HR software services provider Ceridian Corp. has completed its acquisition of Dayforce Corp., a cloud system provider for human capital management (HCM).
Ceridian provides payroll, tax filing, benefits, HR and workforce management software and services.
The acquisition concludes Ceridian’s initial investment in Dayforce, announced February 2011.
“The acquisition of Dayforce is about fulfilling Ceridian’s vision: to create the industry’s next generation software-as-a-service-based HCM solution,” said Stuart Harvey, Ceridian’s CEO and president.
The Ceridian Dayforce HCM solution will offer workforce management, HR self-service, payroll and benefits services in 2012. Talent management and compensation and performance management will follow in 2013.