Press Release
Ceridian Corporation Acquires GLS Benefit Services
BIRMINGHAM, MI, December 12, 2002 -- Ceridian Corporation, a leader in managed business solutions for human resources and employee effectiveness services, today announced the acquisition of selected assets of GLS Benefit Services LLC (GLS), a benefits administration outsourcing firm headquartered in Birmingham, Mich.
"GLS is a customer focused, profitable business, and we welcome its team of highly-skilled professionals to Ceridian," said Pat Goepel, chief revenue officer at Ceridian's U.S. human resources solutions business. "This acquisition brings us additional resources and domain expertise to round out our benefits administration offerings for the larger employer market."
"We are excited about joining a company with the breadth and depth of solutions offered by Ceridian," said Gary Gabel, president and chief executive officer at GLS. "Our technologies, knowledgeable people, and experience with client needs in the larger markets will be an asset as Ceridian grows its benefits administration business."
Ceridian's acquisition of Great Lakes is effective immediately. GLS customers will benefit from access to Ceridian's extensive human resource service solutions. Terms of the sale are undisclosed.
About Ceridian
Ceridian enables companies to be free to succeed in their core business through its suite of innovative managed business solutions for HRMS, payroll, tax filing, application outsourcing, time and attendance, benefits administration and employee effectiveness services. Ceridian Corporation (NYSE: CEN) is an information services company serving businesses and employees in the United States, Canada and Europe. For more information about Ceridian's comprehensive array of human resource solutions, visit www.ceridian.com/myceridian or call (800) 729-7655.
About GLS Benefit Services
GLS is focused on providing customized and integrated benefit administration outsourcing services to the mid-size and larger corporate USA markets. Their success is attributed to a depth of benefits expertise and the ability to offer flexible outsourced service models to a broad spectrum of industries. Services include Health & Welfare and Pension Administration for active, retired, dependents, survivors, and term vested participants.
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