KUALA LUMPUR, May 8 -- Ceridian, global leader in human capital management (HCM) technology, has entered into a definitive share purchase agreement to acquire Excelity Global Solutions Pte Ltd (Excelity).
According to a statement, Excelity is an Asia-based HCM service provider from the Everstone Group. The transaction is expected to close during the second quarter of 2020.
“Building on our recent investment and expansion in Australia and New Zealand, the acquisition of Excelity will position Ceridian as a leading HCM provider in the Asia-Pacific region and demonstrates our intent to advance our growth globally,” said Ceridian Chairman and Chief Executive Officer, David Ossip.
Founded in 1997, Excelity works with more than 300 customers across the APAC region. It operates its proprietary native payroll platform including in India, China, Hong Kong, Indonesia, Japan, Malaysia, the Philippines and Singapore.
In the same statement, Ceridian also announced that Stephen Moore, Ceridian’s Executive Director of Australia and New Zealand, will assume the newly-created position of Head of Asia Pacific Japan, upon closing of the acquisition.
In this expanded role, Moore will have responsibility for Ceridian’s new Asia Pacific Japan region, including the Excelity team. Moore will help Ceridian enhance its world-class service to customers globally.
-- BERNAMA
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