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.
Author of the article: GlobeNewswire
Publishing date: Apr 29, 2021  â¢Â 11 hours ago  â¢Â 3 minute read  â¢Â
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TORONTO and MINNEAPOLIS, April 29, 2021 (GLOBE NEWSWIRE) â Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced it has entered into a definitive agreement to acquire Ideal, a leading talent intelligence software provider based in Toronto, Ontario. This acquisition is anticipated to optimize Ceridianâs talent management offering once Idealâs capabilities are integrated into the Dayforce platform. The acquisition is expected to close on April 30, 2021.
In todayâs competitive global labor market, organizations are increasingly challenged to attract top talent while keeping pace with rapidly changing recruitment needs. Those that succeed will need to harness the power of modern technologies to reinvent their talent recruitment strategies.