# Ceridian HCM

Ceridian HCM is an Asset Manager based in Minneapolis, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** Minneapolis, MN, United States
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** ceridian.com
- **LinkedIn:** https://www.linkedin.com/company/ceridian

## Regulatory record

- **Reports private funds:** No

## About

Ceridian was founded in 1992 as a payroll service bureau, but its modern identity was forged after Ossip, who joined via the 2012 acquisition of his workforce-management startup Dayforce, was named CEO. He re-centered the company around a single cloud-native application that unifies HR, payroll, benefits, and scheduling. Ceridian completed a $4.6 billion initial public offering on the New York Stock Exchange in April 2018 (per Bloomberg, 2018), marking its break from a controlling interest held by Thomas H. Lee Partners and Fidelity National Financial. The firm sells primarily to large enterprises through a software-as-a-service model. Its core product, Dayforce, covers payroll, workforce management, talent intelligence, and benefits administration under one continuous real-time calculation engine. Geographically, the company has deepened its North American base while expanding into Europe, the Middle East, and Africa, with a notable beachhead in the United Kingdom. Acquisitions have widened its physical-workforce capabilities — the 2021 purchase of ADAM HCM extended payroll coverage into Latin America and the Caribbean. Ceridian employs over 8,500 people globally as of its most recent annual filing, with headquarters in Minneapolis and a major operational center in Toronto. The launch of Ceridian Ventures in September 2022 signaled an intent to capture adjacent innovation via minority investments in early-stage workforce-technology startups focused on AI, employee wellness, and the future of work. Ceridian positioned itself structurally as a partner to organizations managing complex, nuanced labor rules rather than as a generic HR system-of-record. Its policy-aware engine calculates wages against federal, state, and collective-bargaining rules simultaneously, which distinguishes it from ERP modules that bolt payroll onto an accounting core. The company was acquired in 2024 by funds managed by Stone Point Capital and Clayton, Dubilier & Rice in a deal valued near $5.5 billion (per the firms, December 2024).

## Sectors

- Enterprise Software
- AI/ML

## Offices

- Toronto, Canada

## People

- David Ossip — Chairman and Chief Executive Officer
- Leagh Turner — President and Chief Operating Officer

## Questions

### Who runs investment decisions at Ceridian HCM?

Investment allocation is overseen by the executive leadership team led by Chairman and CEO David Ossip. The firm does not operate a family-office style investment committee; strategic decisions, including the launch of Ceridian Ventures in 2022, are managed at the corporate level by designated officers.

### How does Ceridian source proprietary deal flow?

Ceridian generates deal flow through its established customer base of large enterprises and its internal product roadmap. The Ceridian Ventures arm is tasked with identifying and making minority investments in early-stage companies that align with the Dayforce platform's roadmap in workforce AI and employee wellness.

### Which sectors does Ceridian explicitly avoid?

Ceridian focuses exclusively on human capital management and adjacent workforce technology. The firm does not invest in industries outside of enterprise software, payroll, benefits administration, and workforce analytics, and has not signaled any interest in generalist private equity or non-HCM SaaS.

### How is Ceridian related to Stone Point Capital and Clayton, Dubilier & Rice?

Funds managed by Stone Point Capital and Clayton, Dubilier & Rice acquired Ceridian in December 2024 in a take-private deal valued at approximately $5.5 billion. Prior to that, the private equity firm Thomas H. Lee Partners was a controlling shareholder before the company's 2018 public listing.

## Related profiles

- [Cérélia Group](https://altss.com/profile/cerelia-group)
- [CFG Wealth Management Services](https://altss.com/profile/cfg-wealth-management-services-inc)

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Last updated: 2026-06-03T20:00:00.000Z

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