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CERIDIAN CORPORATION IS NEW COMPANY THAT EMERGED FROM THE RESHAPING OF CONTROL DATA CORPORATION IN 1992

 MINNEAPOLIS, Jan. 12 /PRNewswire/ -- Ceridian Corporation (NYSE: CEN) is the information management and employer services company that emerged from the reshaping of Control Data Corporation in mid 1992. Control Data Corporation was separated into two companies Ceridian and Control Data Systems, Inc. (a computer company focused on open systems integration). The separation was undertaken to help both Ceridian and Control Data Systems improve their ability to attract capital and forge strategic relationships that enhance their competitive position.
 Ceridian consists of four businesses:
 -- Ceridian Employer Services helps customers manage their employees through a broad range of services such as payroll processing, human resources information management systems and employee assistance programs. The business is a leader in the U.S. employer services market, which is growing rapidly as companies choose to outsource their human resources information management functions.
 -- The Arbitron Company is a leading media and marketing information business serving customers involved in broadcast advertising. Currently, Arbitron is developing the first fully passive people meter to measure automatically both television and radio audiences.
 -- Computing Devices International helps civil and defense government customers solve information management problems, primarily by integrating the various components of information systems. Computing Devices is complementing its traditional defense base with civil government business from NASA and other agencies.
 -- Ceridian Network Services provides services based on computer and network technologies. Its largest unit is TeleMoney Services, a transaction processor that is a leader in the credit card and check authorization segment of the electronic transaction services market.
 Ceridian's businesses share a number of characteristics. Their relationships with customers are long term. They use technology to differentiate themselves from their competitors, and they do not require high levels of capital investment. And they have the ability to grow appreciably, both internally and through a combination of acquisitions and strategic partnerships. Going forward, acquisitions will play an important role in helping Ceridian meet customers' needs and in growing the company.
 Ceridian's chairman and chief executive officer is Lawrence Perlman (formerly president and chief executive officer of Control Data Corporation). Perlman also chairs the Business Roundtable's new Job Training Task Force, and he has been a long-time advocate for the Family and Medical Leave Act.
 In late 1992 and early 1993, three new operating executives have joined Ceridian to manage its three principal businesses. Patrick C. Sommers, formerly president of GTE Industry Services and before that, president of Dun & Bradstreet Information Resources, Inc., heads Ceridian Employer Services. Stephen B. Morris, who helped found two marketing information companies Spectra Marketing Systems and VidCode and served as president of General Foods' Maxwell House Division, leads Arbitron. Computing Devices will announce its new president later in January 1993.
 As a services company, Ceridian has devoted substantial time to making sure it is understood by the financial community (Control Data Corporation was followed primarily by analysts interested in computer hardware, a business in which Ceridian is NOT engaged). Analysts now following Ceridian include Lou Giglio of Bear, Stearns & Co., Pat Burton of Piper Jaffray, and Maureen Pettirossi of Dain Bosworth.
 -0- 1/12/93
 /NOTE TO EDITORS: Please note that Control Data Corporation no longer exists. Also, when Ceridian appears in an industry table, it belongs in a computer services and software classification, not in a hardware category./
 /CONTACT: Nancy Foltz, director of public relations, 612-853-5229, or Linda Jadwin, vice president of communications, 612-853-7472, both of Ceridian/
 (CEN)


CO: Ceridian Corporation ST: Minnesota IN: CPR SU:

SM -- NYYFNS1 -- 3793 01/12/93 07:01 EST
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Publication:PR Newswire
Date:Jan 12, 1993
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