Dayforce, Inc.

Founded in 1992 and headquartered in Minneapolis, US, Dayforce, Inc. offers a cloud-based platform that enhances HR efficiency. The company has undergone strategic developments but does not currently have any noted subsidiaries or parent companies. The latest funding round was a Public to Private transaction, raising USD 12,300 mn from investors including Abu Dhabi Investment Authority and Thoma Bravo, bringing the total amount raised to USD 12,300 mn.

CEO David Ossip leads the company, which has engaged in 12 deals to date. Dayforce provides a suite of Human Capital Management (HCM) solutions focused on HR processes, payroll, and workforce management. Its AI-powered platform enables organizations to manage employee data efficiently and offers modules that enhance engagement, optimize payroll, and improve talent acquisition strategies. The company serves diverse clients across industries like retail, hospitality, and finance, with operations in North America, Europe, and Asia-Pacific, ensuring compliance with local regulations.

For the fiscal year 2024, Dayforce reported revenue of USD 1,760 mn and an EBITDA of USD 184. 5 mn. The company's revenue model is primarily subscription-based, with clients entering annual contracts for access to its platform and services, including Dayforce Payroll and Dayforce Talent, driving direct B2B transactions. Dayforce intends to enhance its product offerings with new features designed to improve user experience and operational efficiency.

The company is also exploring opportunities to expand its market presence in Europe and Asia-Pacific by 2025. The recent funding will support these initiatives, although specific uses have not been publicly detailed.