Ceridian Gains Health & Welfare Administration Business from Stone Partners; New Business Brings Important Customers to Ceridian.MINNEAPOLIS -- Ceridian, a leader in managed human resource solutions that maximize the value of people, today announced the acquisition of certain assets, including customer contracts for health and welfare accounts, of Stone Partners, Inc., a privately-held company with headquarters in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . Terms of the transaction were not announced. "This acquisition builds on our current health and welfare administration business," said Robert "Bo" H. Ewald, president of Ceridian Human Resource Solutions. "We welcome Stone Partner's customers and will work hard to continue to earn their business every day." "This transaction is a win-win for our clients and business," said Jim Stone, managing director at Stone Partners. "Ceridian takes benefits to a new level and offers sophisticated technology and service. The agreement enables Stone Partners to continue the focus on consulting services, which has been the foundation of our business since its launch in 1987." Ceridian offers comprehensive health and welfare services that enable companies to have access to best-in-class processes while reducing the costs of administering benefits. The company provides managed human resource solutions to 116,000 businesses worldwide with over 25 million employees. Ceridian's managed human resource solutions were recognized in Forbes Magazine's prestigious Fall 2004 'Best of the Web' Annual B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Guide. About Ceridian Ceridian is changing the world of work by enabling companies to be free to succeed in their core business through its suite of innovative managed human resource solutions that include payroll and compensation, staffing, compliance, HR administration and employee effectiveness. Ceridian Corporation (NYSE NYSE See: New York Stock Exchange :CEN CEN - Conseil Européen pour la Normalisation. A body coordinating standardisation activities in the EEC and EFTA countries. ) is an information services See Information Systems. company serving businesses and employees in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Europe. For more information about Ceridian's comprehensive array of human resource solutions, visit www.myceridian.com or call (800) 729-7655. About Stone Partners, Inc. Stone Partners is a leading provider of human resource consulting Services Provided Human Resource Consulting firms provides advice to their clients regarding the financial and retirement security, health, productivity, and employment relationships of their global workforce. services, bringing value to each client project through an experienced staff and broad services platform. Core consulting capabilities include actuarial ac·tu·ar·y n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin , communications, compensation, health & welfare, human resource and retirement services. Stone Partners is a Ceridian HR consulting services partner. For more information, please visit www.stonepartners.com. |
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