Global HCM Leader Ceridian Acquires Assets of Clearview Logix and Paysa

Ceridian makes work life even better for employers and their
employees with best-in-class advanced analytics to make better decisions
that lead to better outcomes

MINNEAPOLIS & TORONTO–(BUSINESS WIRE)–Ceridian (NYSE: CDAY; TSX: CDAY), a global human capital management
(HCM) cloud-based technology company, announced today its acquisition of
substantially all of the assets of Clearview Logix, a Richmond,
Virginia-based leading decision-support analytics company, and certain
intellectual property assets, including, from Paysa, a Palo
Alto, California-based AI-powered personal career advisor. Financial
terms of the transactions were not disclosed.

“Since our initial public offering in April 2018, Ceridian has continued
to lead the industry when it comes to investing in innovation that helps
employers of all sizes manage the entire employee lifecycle – from
recruiting to off-boarding,” said David Ossip, Chairman and CEO,
Ceridian. “With these strategic acquisitions, Ceridian is gaining very
specialized intellectual property to increase the value of our existing
customer offerings and to expand our customer base.”

Clearview Logix builds analytics models to simplify health insurance
choices for employees, employers, and their administrative partners.
Through integration of Clearview Logix’s benefits decision support
technology into Dayforce’s single solution cloud platform, Ceridian will
further strengthen and expand its benefits offering, making benefit
choices easier to understand for employees.

Paysa’s machine learning model allows employers to compare their
internal job scales with local market rates when posting jobs and during
compensation merit cycles. empowers employees to explore
salaries across companies, jobs, and locations.

“With the intellectual property from these two acquisitions, Dayforce
customers and their employees will have valuable, data-driven insights
that will lead to better decisions and better outcomes for all,” said
Erik Zimmer, Chief Strategy Officer, Ceridian. “The talented team from
Clearview Logix will help us accelerate culture-driven innovation at

“We are very excited to join Ceridian’s team and to fully integrate our
benefits decision support technology, the standard for decision support,
with the outstanding Dayforce customer experience,” said Tim O’Shea,
CEO, Clearview Logix. “With their fast growing customer base, Ceridian
will help us realize our mission of simplifying the healthcare
experience for everyone.”

“Ceridian will fully integrate the technology of these two acquisitions
within Dayforce to help our customers attract, engage and develop the
very best people, while saving costs and reducing the administrative
burden,” added Ossip. “And we will continue to develop and be
opportunistic in acquiring intellectual property to create value for
Ceridian and our customers.”

For more information, visit

About Ceridian

Ceridian. Makes Work Life Better™.

Ceridian is a global human capital management software company. Dayforce,
our flagship cloud HCM platform, provides human resources, payroll,
benefits, workforce management, and talent management functionality. Our
platform is used to optimize management of the entire employee
lifecycle, including attracting, engaging, paying, deploying, and
developing people. Ceridian has solutions for organizations of all
sizes. Visit or
follow us @Ceridian.

Forward-Looking Statement and Risk Factors

This press release contains forward-looking statements that involve a
number of risks and uncertainties. Statements that are not historical
facts, including statements regarding our expectations, hopes,
intentions or strategies regarding the future are forward-looking
statements. Forward-looking statements are based on management’s
beliefs, as well as assumptions made by, and information currently
available to, management. Because such statements are based on
expectations as to future financial and operating results and are not
statements of fact, actual results may differ materially from those
projected. We undertake no obligation to update any forward-looking
statements, whether as a result of new information, future events or

This press release should be read in conjunction with the risks detailed
in the “Cautionary Note Regarding Forward-Looking Information,”
“Forward-Looking Statement”, “Risk Factors” and other sections of the
Company’s Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K
and other filings with the Securities and Exchange Commission.


Teri Murphy

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