Ceridian Announces Partnership With SD Worx to Accelerate Growth Across Europe

TORONTO, ON--(Marketwired - June 15, 2016) - Ceridian, a global human capital management technology company, announces a strategic partnership with SD Worx, a leading European provider of Payroll and HR, to deliver cloud human capital management software across Europe. This partnership will leverage Ceridian's cloud technology development expertise and SD Worx's local service capabilities to accelerate growth across Europe.

This strategic partnership includes long-term agreement to develop and deliver global human capital management solutions. Ceridian will continue to expand the Dayforce HCM platform to include native UK payroll and global capabilities for managed payroll, employee system of record, workforce management, and talent management. For service delivery, the partnership will leverage SD Worx regional capabilities and knowledge. SD Worx will distribute Dayforce HCM for European-based organizations.

To complement and support the partnership Ceridian has formed Dayforce Europe, Ltd., a new business unit comprised of Dayforce development, implementation and support resources. Dayforce Europe is led by Ross Tracey, former CTO of Ceridian UK.

As part of the partnership, SD Worx has acquired Ceridian UK and Ceridian Ireland with a full share purchase. SD Worx also has formed a new Mauritius organization. The existing Ceridian teams supporting the UK and Ireland businesses have been transferred into this entity.

David Ossip, Chairman and CEO of Ceridian, says, "This partnership is a natural fit for our cloud growth strategy. Through SD Worx, we gain deep domain knowledge and regional expertise for global platform expansion and service delivery, and increased distribution throughout Europe. We are very excited with the investment and growth opportunities this partnership presents us with."

Steven Van Hoorebeke, CEO of SD Worx Group comments, "This partnership and purchase entirely fit within our strategy to continue our international growth and to strengthen our market position. Ceridian UK is a strong company known for its excellent customer service and firm customer base. Dayforce is a high-quality product with a great market reputation. There is a strong need for reliable and robust HR software that can be easily interfaced to existing systems, such as payroll. Ceridian UK offers a single application for payroll, HR and time and attendance, so clients can benefit from a high-level of efficiency. We therefore absolutely believe in this company, its clients, staff, products and services."

The transaction closed on June 15, 2016.

About Ceridian

Ceridian is a global human capital management technology company serving more than 50 countries. Our offering includes the award winning, cloud-based Dayforce HCM, Global Solutions, and Small Business Payroll. Ceridian. Makes Work Life Better™ For more information about Ceridian solutions call 1-877-237-4342 or visit www.ceridian.ca.

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About SD Worx

SD Worx delivers a full range of quality services in the areas of Payroll, HR and Tax & Legal in EMEA, the Americas and Canada, with more than 2,700 staff serving more than 60,000 clients, offering salary calculations, training, HR research, social-legal, tax and HR-related consultancy services, specialist software for personnel departments and on-site support.

SD Worx calculates about 2,35 million salaries each month, whilst running its own offices in Belgium (HQ), Austria, France, Germany, Luxembourg, Switzerland and The Netherlands. SD Worx is a co-founder of the Payroll Services Alliance whose members jointly handle 31 million salary calculations. For more information, visit www.sdworx.com