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Ceridian obtains $150M additional investment

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Ceridian obtains $150M additional investment

CeridianCorp. said March 30 that certain shareholders areinvesting an additional $150 million in the company to fund the growth of itsproduct, Dayforce.

The shareholders include Thomas H. Lee Partners LP, Fidelity National FinancialVentures Group and Ceridian management, including CEO David Ossip.

Ceridian's Dayforce revenue grew 59% in 2015 as compared to2014 on a constant-currency basis, the company said.