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Ceridian (CEN)

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Abdul Seleh

www.zacks.com

Outsourcing to China

Ceridian Corporation (CEN) is a leading provider of human resource solutions that assist organizations in raising the productivity of its work force by outsourcing and automating administrative services. Ceridian operates through two business divisions - Human Resource Solutions or HRS (70% of 2006 revenues), and Comdata (30%). HRS provides payroll-processing, tax filing services, benefits administration, and work-life effectiveness and employee assistance programs. Through Comdata, Ceridian provides transaction processing, financial services and compliance services primarily for the transportation and retail industries. It also provides fuel cards, cash advances, licenses, and other related services to these sectors.

The company markets its services primarily through a direct sales force in the United States, Canada, and the United Kingdom. Ceridian Corporation was founded in 2000 and is based in Minneapolis, United States.

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