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Ceridian to Acquire RITEQ Australian Workforce Management Solutions Provider
Tuesday 10 September 2019

10 September 2019 - Minnesota, US-based human capital management company Ceridian (NYSE: CDAY) (TSX: CDAY) has entered into a definitive share purchase agreement to acquire Australia-based enterprise workforce management solutions provider RITEQ, to accelerate Ceridian's momentum in Australian and New Zealand markets, the company said.

Terms of the transaction were not disclosed.

Ceridian said the acquisition of RITEQ, combined with Dayforce Payroll in Australia, will position Ceridian as a leading HCM provider in the region.

Ceridian is a global human capital management software company. 

The company's platform is used to optimise management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people.
Details
Date Published: 10/09/2019
Target: RITEQ
Country: Australia
Sector: Computer Software
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Ceridian
Comment:
Terms of the deal were not disclosed

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