Ceridian to acquire Toronto talent intelligence startup Ideal
Ceridian has reached a definitive agreement to acquire Toronto hiring and employee management software startup Ideal. The transaction is expected to close tomorrow, on April 30. Both companies declined to disclose the financial terms of the deal.
Once the acquisition is complete, Ceridian intends to integrate Ideal into its Dayforce platform in order to “optimize” the company’s talent management offering. Ideal’s artificial intelligence (AI)-powered system aims to enhance human resources software in order to help teams make more accurate, efficient, and fair talent-related decisions. Ceridian is a Toronto and Minneapolis-based human resources (HR) software company.