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  • Ceridian HCM Holding (CDAY) has entered a definitive agreement to acquire Ideal
  • Ideal is a leading talent intelligence software provider based in Toronto, Ontario
  • Ideal’s talent intelligence products enhance recruiting processes, including screening, shortlisting, and matching top candidates
  • The acquisition is expected to close on April 30, 2021
  • Ceridian is down 0.79 per cent on the day, with shares of the company trading at C$119.87 at 10:58 am ET

Ceridian HCM Holding (CDAY) has entered a definitive agreement to acquire Ideal.

Ideal is a leading talent intelligence software provider based in Toronto, Ontario

Cerdian expects the acquisition to optimize the company's talent management offering once Ideal’s capabilities are integrated into the Dayforce platform.

The acquisition is expected to close on April 30, 2021.

Through the power of artificial intelligence-driven talent capabilities, Ideal’s talent intelligence products enhance recruiting processes. They include screening, shortlisting, and matching top candidates.

Dayforce customers will also have access to Ideal’s Diversity, Equity, and Inclusion intelligence system, enabling employers to meet diversity head-on by ensuring that objectivity and inclusion happen up-front in the talent acquisition and management processes.

Ceridian expects its "new artificial intelligence capabilities will enable Dayforce customers to make more accurate, efficient, and fair talent decisions."

"Together with Ideal, we stand to further our vision to make work life better by empowering our customers to make smarter, more efficient talent decisions and improve equity across their workforces. Today’s announcement reinforces that we continue to not just meet the needs of organizations today, but well into the future, and we are thrilled to welcome Ideal to the Ceridian family," said Ceridian Chief Product and Technology Officer Joe Korngiebel.

Ceridian HCM Holding is a global human capital management software company. Dayforce, the company's flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality.

Ceridian is down 0.79 per cent on the day, with shares of the company trading at C$119.87 at 10:58 am ET.

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