M&A Deal Summary

Ceridian Acquires Comdata Network

On August 25, 1995, Ceridian acquired information technology company Comdata Network for 900M USD

Acquisition Highlights
  • This is Ceridian’s 1st transaction in the Information Technology sector.
  • This is Ceridian’s largest (disclosed) transaction.
  • This is Ceridian’s 1st transaction in the United States.
  • This is Ceridian’s 1st transaction in Tennessee.
Investment Fate
  • Comdata Network was divested to a consortium of strategic buyers in 2014 for 3.5B USD.

M&A Deal Summary
Date 1995-08-25
Target Comdata Network
Sector Information Technology
Buyer(s) Ceridian
Deal Type Add-on Acquisition
Deal Value 900M USD

Target

Comdata Network

Brentwood, Tennessee, United States
website
Comdata is a business-to-business provider of innovative electronic payment solutions. As an issuer and a processor, Comdata provides fleet, and corporate payment solutions to over 20,000 customers. In 2013, Comdata managed over 625 million cards and processed over 1.4 billion transactions from over 48 countries and in 37 currencies.

Search 192,349 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Ceridian

Minneapolis, Minnesota, United States

website

Category Company
Founded 2013
Sector Software
Employees8,526
Revenue 1.2B USD (2022)
DESCRIPTION
Ceridian's corporate headquarters in Minneapolis, Minnesota.
Ceridian's corporate headquarters in Minneapolis, Minnesota.

Ceridian is a global human capital management software company. Dayforce the flagship cloud HCM platform provides human resources, payroll, benefits, workforce management, and talent management functionality. Ceridian platform is used to optimize the management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Ceridian was incorporated in 2013 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 1 of 14
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 14
State (Tennessee) 1 of 1
Country (United States) 1 of 8
Year (1995) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-04 ABR Information Services

St. Petersburg, Florida, United States

ABR Information Services, Inc. is a provider of benefits administration, payroll and human resource services.

Buy $750M
Mergr

Product

Company

Legal