Ceridian Enters Definitive Agreement To Acquire Learning And Development Platform eloomi; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ceridian has entered into a definitive agreement to acquire eloomi, a learning and development platform. The financial terms of the deal were not disclosed. The acquisition is anticipated to be completed in Q1 2024 and will be financed using Ceridian's existing cash on the balance sheet.
January 18, 2024 | 1:02 pm
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POSITIVE IMPACT
Ceridian's acquisition of eloomi could enhance its product offerings in the learning and development sector, potentially leading to long-term growth. The deal is expected to close in Q1 2024, funded by existing cash.
The acquisition of eloomi by Ceridian is directly relevant to CDAY as it could potentially expand and enhance the company's product suite in the human capital management (HCM) sector. While the terms were not disclosed, the use of existing cash reserves suggests a manageable financial impact without the need for additional financing. The positive score reflects the potential for growth and synergy, although the impact is more likely to be felt in the long term rather than immediately.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100