Thoma Bravo to take Dayforce private
Digest more
6hon MSN
Private equity firm buying Bloomington-based Dayforce, which grew out of Control Data, for $12.3B
Bloomington-based Dayforce, with its roots in the pioneering Minnesota computer company Control Data, has agreed to be acquired in a $12.3 billion deal. The deal with Thoma Bravo, a Chicago private equity firm,
Dayforce delivered a solid second quarter, outperforming Wall Street’s revenue and non-GAAP profit expectations, while the market reaction remained muted. Management attributed this performance to robust demand for its single-platform human capital management (HCM) solution,
David Ossip, Chairman and CEO of Dayforce, Inc. (NYSE:DAY), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Ossip sold 858,697 shares of common stock at an average price of $79.55 per share, totaling approximately $68.3 million.