| 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]
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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]
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’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.
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