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Ceridian Acquires Leading Workforce Management Consulting Firm

Ceridian's acquisition of leading workforce management consulting firm, Versult, adds implementation capacity and deep industry expertise to the Ceridian team.

Minneapolis, MN: June 1, 2011 —Ceridian Corporation, a leading provider of human resource, workforce management, payroll, and benefits administration solutions, announced today it has acquired the Versult Group, Inc. Since Ceridian's February 2011 announcement of its investment in Dayforce and the launch of Ceridian's Dayforce Workforce Management, more than 90 organizations have signed on to use the company's leading edge workforce management solution. Ceridian's significant Dayforce investment and the most recent acquisition of the Versult Group demonstrate Ceridian's commitment to current and future Dayforce Workforce Management clients. The Versult Group acquisition complements Ceridian's market leading solution with exceptional implementation, training, and support services.

Versult is a leading workforce management (WFM) consulting firm. With a combined 70 years of successful hands-on project experience in the WFM arena, Versult was a natural addition to Ceridian's strong customer services. Versult's industry tenure and deep domain knowledge will provide Ceridian with tremendous execution capacity to ensure client success.

According to Howard Tarnoff, senior vice president and general manager of Dayforce Workforce Management, the Versult acquisition is an opportunity to build on the product's success and further substantiate Ceridian's market position by continuing to surpass clients' service expectations. "The acquisition emphasizes our commitment to not only deliver exceptional products, but to continue to exceed the implementation and support expectations of our clients."

"Versult's focus on exceeding customer expectations and emphasis on developing long-term client relationships is aligned with Ceridian's own vision of helping its customers maximize the power of their people to become more profitable," says Versult CEO Raymond Nunn. "Our mutual commitment to generating value for our workforce management customers through market-leading products and services will ensure our future success."

Versult has already been instrumental in the successful implementation of Ceridian's Dayforce Workforce Management solutions. Clients of various sizes and across all industry verticals have been thrilled with how easy the team is to work with, and their consistent ability to deliver on time and on budget.

Guaranty Bank Family of Companies, a financial organization with more than 1,600 employees, is among the Ceridian clients that have had the opportunity to work with the Versult team. "Our implementation of Dayforce Workforce Management went extremely well," commented Cathy Thaxton, payroll manager for Guaranty Bank. "We implemented in a very short time frame and the team we had was very knowledgeable and quick to resolve any issues." With regard to using Dayforce Workforce Management, Ms. Thaxton added, "the feedback I've received from our managers is that it has been just too easy."

About Ceridian

Ceridian is a leading global business services company that provides reality-based KnowHow to take the guesswork out of impacting your organization's bottom line. From human resources, workforce management and benefits administration to productivity and payroll services, we help organizations maximize their human, financial and technology resources. As a leader in payroll outsourcing, gift cards and corporate expense management, we're the driving force in payment innovation. Whether we're partnering with you to save money, grow your business, enhance operations or minimize financial risks we provide the insights and solutions that ensure your success. For more information about Ceridian visit http://www.ceridian.com or call 800-729-7655.

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Contact

Cary Griffith
cary.j.griffith@ceridian.com
952-853-7171

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