M&A Deal Summary

Dayforce Acquires Comdata Network

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

Acquisition Highlights
  • This is Dayforce’s 1st transaction in the Information Technology sector.
  • This is Dayforce’s largest (disclosed) transaction.
  • This is Dayforce’s 1st transaction in the United States.
  • This is Dayforce’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) Dayforce
Deal Type Add-on Acquisition
Deal Value 900M USD

Target

Comdata Network

Brentwood, Tennessee, United States
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.

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Buyer(S) 1

Buyer

Dayforce

Minneapolis, Minnesota, United States
Category Company
Founded 1992
Sector Software
Employees9,084
Revenue 1.5B USD (2023)
DESCRIPTION
Ceridian's corporate headquarters in Minneapolis, Minnesota.
Ceridian's corporate headquarters in Minneapolis, Minnesota.

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.

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

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