TORONTO and MINNEAPOLIS, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Ceridian (NYSE:CDAY, TSX:CDAY), a global leader in human capital management (HCM) technology, today announced it has entered into a definitive agreement to acquire eloomi, a leading learning experience platform software provider based in Copenhagen, Denmark, and Orlando, Florida. The acquisition is expected to close in Q1 2024 and will be funded with existing balance sheet cash.
"The dynamic learning and development needs of today's boundless workforce require leading enterprise solutions. The acquisition of eloomi will help supercharge the people development capabilities of Dayforce, equipping customers with more engaging learning and development experiences, AI-driven content creation, and extended enterprise learning capabilities," said Joe Korngiebel, Chief Product and Technology Officer, Ceridian.
With the global Learning Management System (LMS) market size expected to reach $54.69 billion by 20321, forward-thinking leaders need to focus on continual skills optimization to remain competitive and to foster communities of engaged and empowered learners.
Ceridian is seizing on this opportunity for its customers by integrating eloomi's capabilities seamlessly into the Dayforce platform to improve existing learning management and talent offerings. Dayforce customers worldwide will benefit from a single data model and a single experience that includes an end-to-end learning platform, learning content, people development, skills intelligence, and employee communications functionality.
The eloomi acquisition will introduce innovations that expand and enhance Ceridian's current learning and development offerings, such as:
- Enterprise-grade learning capabilities to support tailored training programs for the extended enterprise including employees, contingent labor, partners, and customers.
- Mobile-first frontline training and communication solutions connecting employees to engaging and accessible content and resources.