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  5. Dayforce Acquires Ascender HCM

M&A Deal Summary

Dayforce Acquires Ascender HCM

On February 1, 2021, Dayforce acquired business services company Ascender HCM

Acquisition Highlights
  • This is Dayforce’s 3rd transaction in the Business Services sector.
  • This is Dayforce’s 2nd transaction in Australia.

M&A Deal Summary
Date 2021-02-01
Target Ascender HCM
Sector Business Services
Buyer(s) Dayforce
Deal Type Add-on Acquisition
Advisor(s) Morgan Stanley (Financial)
Gilbert + Tobin
Ernst & Young - Law
PwC Law (Legal)

Target

Ascender HCM

Mascot, Australia
Ascender HCM is a provider of payroll accounting and personnel management services for organizations. Ascender HCM was founded in 1976 and is based in Mascot, Australia.

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Buyer(S) 1

Buyer

Dayforce

Minneapolis, Minnesota, United States
Category Company
Founded 1992
Sector Software
Revenue 1.8B USD (2024)
DESCRIPTION
Entrance to Dayforce's corporate headquarters in Minneapolis, Minnesota.
Entrance to Dayforce's corporate headquarters in Minneapolis, Minnesota.

Dayforce is a global human capital management software company using its cloud HCM platform to provide human resources, payroll, benefits, workforce management, and talent management functionality. It optimizes 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.

DEAL STATS #
Overall 10 of 14
Sector: Business Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 10 of 14
Country: Australia M&A 2 of 2
Year: 2021 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-06 Excelity Global Solutions Pte

Singapore, Singapore

Excelity Global Solutions Pte Ltd. operates through proprietary native payroll platform in India, China, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, Australia, and New Zealand delivered through the Managed Services, Platform as a Service (PaaS) and Software as a Service (SaaS) models. Excelity Global Solutions was founded in 1997 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Ideal

Toronto, Ontario, Canada

Ideal is an intelligence software provider that enhances HR software to help teams make more accurate, efficient, and fair talent decisions. Leveraging proprietary artificial intelligence technology, Ideal analyzes data across the entire employee lifecycle. Ideal is able to accurately screen and match talent and automate administrative tasks—all while providing concrete, data-driven insights on diversity, equity, and inclusion. Ideal is based in Toronto, Ontario.

Buy -
Mergr

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Product

Company

Legal