CERIDIAN COMPLETES ACQUISITION OF SYSTEMS TAX SERVICE INC.
MINNEAPOLIS, Oct. 28 /PRNewswire/ -- Ceridian Corporation (NYSE: CEN) announced today that it has completed the purchase of Systems Tax Service Inc. (STS). STS, which is based in Fountain Valley, Calif., is a leading provider of tax filing services that help companies pay federal, state, and local taxes associated with their employee payrolls. Once STS has become fully integrated, its advanced technology is expected to help Ceridian Employer Services improve customer service, productivity, revenue and profitability. Terms were not disclosed. STS reported revenue of approximately $18 million in 1992. Ceridian Employer Services helps companies manage both the systems and human aspects of the employment relationship by providing tools that include payroll processing and tax filing services, human resource information management systems, and employee assistance programs. Ceridian Corporation is a data services company specializing in information management and employer services. Its businesses are Ceridian Employer Services, the Arbitron Company and Computing Devices International. -0- 10/28/93 /CONTACT: Nancy Foltz of Ceridian, 612-853-5229/ (CEN)
CO: Ceridian Corporation; Systems Tax Service Inc. ST: Minnesota, California IN: CPR SU: TNM
DB-DS -- MN013 -- 8042 10/28/93 14:40 EDT
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|Date:||Oct 28, 1993|
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