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SD Worx Acquires Ceridian UK and Ceridian Ireland in Full Share Purchase

SD Worx Acquires Ceridian UK and Ceridian Ireland in Full Share Purchase

SD Worx Expands Partnership with Ceridian to Accelerate Growth Across Europe

Antwerp, June 15, 2016 — SD Worx, a leading European HR service provider, has acquired Ceridian UK and Ceridian Ireland in a full share acquisition. As part of the transaction, SD Worx has formed a new Mauritius organisation. The existing Ceridian teams supporting the UK and Ireland businesses have been transferred into this entity. Ceridian is a global human capital management technology company, recognised for the award-winning cloud application Dayforce HCM.

The UK and Ireland business will continue to be led by Doug Sawers and the existing management team.

SD Worx and Ceridian also announce a strategic partnership 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. The partnership includes a 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’s regional capabilities and knowledge. SD Worx will distribute Dayforce HCM for European-based organisations.

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 and Ireland are strong companies known for their 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 with existing systems, such as payroll. Ceridian UK and Ireland offer a single platform 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.”

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 and the UK. We are very excited with the investment and growth opportunities this partnership presents us with.”

The transaction closed on June 15, 2016.

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

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 1-800-729-7655 or visit www.ceridian.com.

Media Contacts:

Pieter Goetgebuer
SD Worx
pieter.goetgebuer@sdworx.com
Tel. +32 3 201 76 68

Donna Teggart
Ceridian
donna.teggart@ceridian.com
Tel. 905 947 7251