Ceridian is announcing the acquisition of Ideal.
Ceridian, a HCM provider based out of Minneapolis, Minnesota (US) has been adding to its tool-chest since going public in 2018, raising $400 million in the process.
Now, they have come for the Canadians. Ideal is a Toronto-based talent intelligence provider. According to the press release, the move is anticipated to optimize Ceridian’s talent management offering once Ideal’s capabilities are integrated into the Dayforce platform. Ideal provides technology for talent intelligence, with the goal of automating up-front screening time and creating efficiencies for recruiting teams by leveraging machine learning, semantics, and other AI-based technologies.
“At Ideal, we are passionate about providing our customers with powerful, actionable workforce insights to drive fair, accurate, and equitable decision making and help them achieve long-term organizational success,” said Somen Mondal, CEO and Co-founder, Ideal.
Ceridian says that it plans to offer their clients access to Ideal’s Diversity, Equity, and Inclusion (DEI) intelligence system, which allows monitoring of diversity-flow in real-time during the recruitment process.
Deal terms are undisclosed as of this writing. Lightning Partners served as the exclusive financial advisor to Ideal in the transaction.
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