What is Dayforce?
Global HCM platform for payroll, workforce management, HR, benefits, and talent.
- Category
- Human capital management software
- Headquarters
- Minneapolis, MN and Toronto, ON
- Founded
- 1992 roots; Dayforce platform acquired in 2012
- Employees
- Approximately 9,000 before 2026 take-private
- Revenue
- $1.76B FY2024 revenue; $481.6M Q3 2025 revenue before acquisition close
- Status
- Private company owned by Thoma Bravo as of February 2026
What is Dayforce?
Dayforce is a human capital management software company with $1.76B FY2024 revenue; $481.6M Q3 2025 revenue before acquisition close. Its current status is Private company owned by Thoma Bravo as of February 2026.
Dayforce is a human capital management software company headquartered in Minneapolis, MN and Toronto, ON. Dayforce provides a single HCM platform for payroll, workforce management, HR, benefits, talent, and employee experience across large and mid-market employers. As of June 2026, the most useful scale markers are $1.76B FY2024 revenue; $481.6M Q3 2025 revenue before acquisition close, Approximately 9,000 before 2026 take-private employees, and status as Private company owned by Thoma Bravo as of February 2026.
Its product surface includes Payroll, Workforce Management, HR, Benefits, Talent, and the buyer is usually a functional operating team rather than a single software administrator. Thousands of employers and millions of users globally. For sellers, the account should be mapped by workflow: product owners, finance, security, procurement, IT, and the executive sponsor will care about different parts of the platform and business case.
What does Dayforce offer?
Dayforce's main offerings include Payroll, Workforce Management, HR, Benefits, Talent, Dayforce Wallet.
- Payroll· Core
- Workforce Management· Core
- HR· Adjacent
- Benefits· Adjacent
- Talent· Adjacent
- Dayforce Wallet· Adjacent
- Managed Services· Adjacent
How does Dayforce make money?
Dayforce monetizes through recurring cloud subscriptions, payroll services, professional services, managed services, and adjacent payment or wallet economics.
Dayforce makes money from recurring cloud subscriptions, payroll services, professional services, managed services, and adjacent payment or wallet economics. Growth is driven by new customers, expansion into more modules, usage or seat growth, retention, and the company's ability to prove measurable workflow ROI.
Dayforce pricing is quote-based; contracts vary by modules, country coverage, employees, implementation, managed services, and payroll complexity. Public pricing, where available, is only the entry point; larger customers usually negotiate around volume, service levels, implementation, security, data, and renewal terms.
For sales teams, that means discovery should connect to a revenue or cost line the company already manages: attach rate, workflow automation, compliance risk, support burden, cloud cost, data quality, productivity, or customer retention.
Who leads Dayforce?
Dayforce is led by David Ossip, with finance, product, technology, and operating leaders supporting the company.
- David OssipChair and Chief Executive OfficerCEO through public period and take-privateProduct-focused founder/operator associated with Dayforce's platform strategy.
- Noemie HeulandChief Financial OfficerCFO since 2020Leads finance, reporting, and integration into private-equity ownership.
- Joe KorngiebelChief Product and Technology OfficerProduct/technology leaderOwns product and technology direction for the global HCM platform.
- Stephen H. HoldridgePresident and Chief Operating OfficerExecutive leadershipRuns operating execution across customer, revenue, and delivery functions.
How do you contact Dayforce's leadership?
Dayforce publishes official routing contacts; personal executive emails are not treated as verified unless published by the company.
Official routing: investors@dayforce.com; personal executive format not verifiedHow much funding has Dayforce raised?
Dayforce's current capital status is Acquired by Thoma Bravo for approximately $12.3B; latest valuation/status is $12.3B take-private transaction value.
Dayforce's capital history is best understood through public-market or acquisition events rather than a current private venture-round ladder. The current status is Private company owned by Thoma Bravo as of February 2026; the latest scale marker is $1.76B FY2024 revenue; $481.6M Q3 2025 revenue before acquisition close; and the valuation/status signal is $12.3B take-private transaction value.
Major capital milestones include: 2018 IPO (Ceridian lists publicly, giving Dayforce access to public markets.) 2025-08 Take-private agreement (Thoma Bravo agrees to acquire Dayforce for $70 per share, or about $12.3 billion.) 2026-02 Transaction completed (Dayforce becomes a private Thoma Bravo portfolio company.) This profile does not invent private valuations where the relevant current signal is public trading, a completed take-private, or a strategic acquisition.
For sellers, funding status is a procurement signal. Public or newly private software companies can have meaningful budgets, but larger purchases still require a sponsor, security review, procurement process, finance approval, and a business case tied to an active operating priority.
How did Dayforce get here?
Dayforce's path runs through founding, platform expansion, public-market or transaction milestones, and current operating scale.
- 1992Ceridian becomes independentCeridian emerges from Control Data and later becomes a payroll and HCM services company.
- 2012Dayforce acquisitionCeridian acquires Dayforce and makes it the core cloud HCM platform.
- 2018IPOCeridian lists publicly before later rebranding around Dayforce.
- 2024Corporate rebrandThe company changes its name to Dayforce, Inc.
- 2025Thoma Bravo agreementDayforce agrees to be acquired for approximately $12.3 billion.
- 2026-02Take-private closesThoma Bravo completes the acquisition and Dayforce ceases public trading.
Who are Dayforce's competitors?
Dayforce competes with focused category vendors, suite incumbents, and workflow platforms that overlap with its buyer surface.
- WorkdayLarger enterprise HCM and finance suite with deep global enterprise adoption.
- ADPPayroll and HR services incumbent with broad global compliance coverage.
- UKGWorkforce management and HCM competitor with strong scheduling and HR service capabilities.
- PaycomU.S. single-database HCM competitor centered on employee-driven payroll.
- PaylocityMid-market payroll and HCM suite with employee-experience breadth.
- RipplingModern employee system combining HR, IT, payroll, and identity.
Dayforce — frequently asked questions
