Ceridian, which deals in Human capital management technology (HCM) has announced its entrance into a definitive share purchase agreement to acquire Excelity Global Solutions Pte Ltd. (Excelity), 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 David Ossip, Chairman and Chief Executive Officer, Ceridian.

“We look forward to welcoming Excelity’s employees, customers, and partners to Ceridian. Our two companies share a commitment to helping leaders make smart decisions that create quantifiable value for their companies and experiences their employees will love," he added.

"Ceridian has experienced extraordinary growth because they put the customer at the center of everything they do, and they do the most complex things exceptionally well and at scale,” said Jeya Kumar, Executive Chairman, Excelity. “Ceridian and its industry-leading Dayforce solution will help our customers achieve their aspirations.”

Today, 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 (APJ), 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, who has more than 30 years of experience leading customer operations in APJ, will help Ceridian enhance its world-class service to our customers globally.

“As we accelerate our global momentum, I look forward to elevating the experience we provide to our customers and continuing our strong operational performance,” said Stephen Moore. “Ceridian has 4,480 customers on the Dayforce platform, and we look forward to bringing the full power of Dayforce to customers in the Asia Pacific Japan region.”

Founded in 1997, Excelity works with more than 300 customers across the APAC region. It operates its proprietary native payroll platform in India, China, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, Australia, and New Zealand delivered through the Managed Services, Platform as a Service (PaaS) and Software as a Service (SaaS) models.