Add-on Acquisition • Software

Dayforce Acquires RITEQ Pty

On September 5, 2019, Dayforce acquired software company RITEQ Pty

Acquisition Context
  • This is Dayforce’s 2nd transaction in the Software sector.
  • This is Dayforce’s 1st transaction in Australia.

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M&A Deal Summary

Date September 5, 2019
Target RITEQ Pty
Sector Software
Buyer(s) Dayforce
Deal Type Add-on Acquisition

Target Company

RITEQ Pty

Alexandria, Australia
RITEQ Pty Ltd. is a specialist provider of workforce management solutions designed to assist organizations of all sizes to leverage their most important asset - their workforce.
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Buyer Overview 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 Context for Buyer #
Overall 8 of 14
Sector: Software 2 of 4
Type: Add-on Acquisition 8 of 14
Country: Australia 1 of 2
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-25 RelatedMatters

Kennesaw, Georgia, United States

RelatedMatters, Inc. is a provider of team relatability solution that develops relationships amongst employees and help organizations to build better cultures.

Buy -
FOLLOWING 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 -