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CERIDIAN ACQUIRES SYSTEMS TAX SERVICES INC.; ACQUISITION ENHANCES CERIDIAN EMPLOYER SERVICES' TAX FILING SERVICE CAPABILITIES

 MINNEAPOLIS, Oct. 1 /PRNewswire/ -- Ceridian Corporation (NYSE: CEN) announced today that it has signed a letter of intent to purchase Systems Tax Services Inc. (STS). The majority owner and founder of STS is Alden Blowers. Based in Fountain Valley, Calif., STS is a leading provider of tax filing services that help companies pay federal, state and local taxes associated with their employee payrolls. STS, which had revenue of approximately $18 million in 1992, employs approximately 200 people. Terms were not disclosed.
 "Ceridian's businesses are taking aggressive actions to reach the objective of achieving operating margins similar to those of best- performing competitors," said Lawrence Perlman, Ceridian's chairman and chief executive officer. "The STS acquisition demonstrates Ceridian's commitment to make necessary investments to improve productivity."
 "Ceridian Employer Services is making major investments in technology that will streamline its payroll processing and tax filing processes," said Patrick Sommers, Ceridian Employer Services president. "STS is a highly automated, well run operation that will help us increase customer service, productivity and profitability."
 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 an information management and employer services company. Its businesses are Ceridian Employer Services, the Arbitron Company and Computing Devices International.
 -0- 10/1/93
 /CONTACT: Nancy Foltz of Ceridian Corporation, 612-853-5229/
 (CEN)


CO: Ceridian Corporation; System Tax Services Inc. ST: Minnesota, California IN: CPR SU: TNM

DB-KH -- MN009 -- 7747 10/01/93 11:20 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
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