Dayforce - M&A Summary and Business Overview

SoftwareCompany

Dayforce M&A Summary

Dayforce has acquired 15 companies, including 8 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Dayforce’s largest acquisition to date was in 1995, when it acquired Comdata Network for $900M. It’s largest disclosed sale occurred in 2014, when it sold Comdata Network to Corpay for $3.5B. Dayforce has acquired in 6 different US states, and 5 countries. The Company’s most targeted sectors include business services (29%) and internet software and services (29%).

Dayforce Business Overview

Where is Dayforce headquartered?

Dayforce is headquartered in Minneapolis, Minnesota.

What is Dayforce’s revenue?

Dayforce disclosed revenue of 1,514M USD for 2023 and 1,246M USD for 2022.

How many employees does Dayforce have?

Dayforce has 9,084 employees.

What sector is Dayforce in?

Dayforce is a software company.

When was Dayforce founded?

Dayforce was founded in 1992.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity14
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4
  • M&A Advisors 5

Dayforce

Dayforce, Inc.,

3311 East Old Shakopee Road,
Minneapolis, Minnesota 55425
United States,
(952) 853-8100
www.dayforce.com

Dayforce 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. Dayforce was founded in 1992 and is based in Minneapolis, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 8 1 4 - - 1 14
vol $1.7B $1.7B
Sell (0.0/yr) # 1 - - - - - 1
vol $3.5B $3.5B
  15

Most Recent M&A

Company Date Value Type
eloomi A/S 2024-01-18 - Add-on Acquisition
Copenhagen, Denmark · www.eloomi.com
ATI ROW LLC 2021-12-06 - Add-on Acquisition
Dallas, Texas · www.adamhcm.com
DataFuZion HCM, Inc. 2021-11-10 - Add-on Acquisition
Rapid River, Michigan · www.datafuzionhcm.com
O5 Systems, Inc. 2021-04-29 - Add-on Acquisition
Toronto, Ontario · www.ideal.com
Ascender HCM Pty Ltd. 2021-02-01 - Add-on Acquisition
Mascot, Australia · www.ascenderhcm.com
Excelity Global Solutions Pte Ltd. 2020-05-06 - Add-on Acquisition
Singapore, Singapore · www.excelityglobal.com
RITEQ Pty Ltd. 2019-09-05 - Add-on Acquisition
Alexandria, Australia · www.riteq.com.au
RelatedMatters, Inc. 2015-02-25 - Add-on Acquisition
Kennesaw, Georgia · www.relatedmatters.com
Comdata Network, Inc. 2014-08-12 3.5B USD Divestiture
Brentwood, Tennessee · www.comdata.com
Dayforce, Inc. 2012-04-02 - Add-on Acquisition
Toronto, Ontario
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 4 (29%) 750M (45%) - -
Internet Software and Services 4 (29%) - - -
Software 4 (29%) - - -
Information Technology 2 (14%) 900M (55%) 1 (100%) 3.5B (100%)
Total 14 $1.7B 1 $3.5B

By Geo

State/Country Buy Value Sell Value
United States 8 1.7B 1 3.5B
  Michigan 2 - - -
  Florida 2 750M - -
  Tennessee 1 900M 1 3.5B
  Texas 1 - - -
  Georgia 1 - - -
  Colorado 1 - - -
Australia 2 - - -
Canada 2 - - -
  Ontario 2 - - -
Denmark 1 - - -
Singapore 1 - - -
Domestic 8 (57%) 1.7B (100%) 1 (100%) 3.5B (100%)
Cross-border 6 (43%) - - -
Total 14 $1.7B 1 $3.5B

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
1
Goldman Sachs
1
J.P. Morgan Securities
1
Legal Deals
Minter Ellison
1
Weil Gotshal & Manges
1

Deal Values

buy # Total
$100M to $1B 2 $1.7B
TOTAL $1.7B
Largest Comdata Network, Inc.
$900M (1995-08-25)
sell # Total
> $1B 1 $3.5B
TOTAL $3.5B
Largest Comdata Network, Inc.
$3.5B (2014-08-12)

M&A Connections

Deals
Acquired from
Investor(s)
7%
1 (7%)
Divested to
Strategic(s)
100%
1 (100%)

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