1.jpg)
Dayforce, Inc., a global leader in human capital management (HCM), has announced that its stockholders have voted to approve the acquisition of the company by the private equity firm Thoma Bravo. The approval marks a significant milestone in the transaction, which is expected to close in late 2025 or early 2026, pending customary closing conditions.
Dayforce stockholders have approved the company's acquisition by Thoma Bravo.
Approximately 88.4% of the votes cast were in favor of the deal.
Dayforce stockholders will receive US$70.00 per share in cash.
The transaction is expected to close in late 2025 or early 2026.
The deal will take the publicly traded HCM company private.
Dayforce leadership believes the partnership will accelerate business and innovation.
The proposal received strong support from Dayforce stockholders. Preliminary results from the special meeting showed that approximately 88.4% of the votes cast were in favor of the acquisition. These votes represented 78.8% of the total voting power of Dayforce’s outstanding stock as of the record date, demonstrating clear stockholder endorsement for the strategic move.
The acquisition by Thoma Bravo, one of the world's largest software-focused investors, is positioned to provide Dayforce with the resources and strategic focus to accelerate its growth. David Ossip, Chair and CEO of Dayforce, commented on the milestone, stating, “This is an important milestone in our transaction with Thoma Bravo, and we thank our stockholders for their support. Our partnership with Thoma Bravo will enable Dayforce to accelerate our business, deepen customer impact, and continue to drive innovation.”
Under the terms of the merger agreement, Dayforce stockholders will receive US$70.00 in cash for each share of Dayforce common stock they own. The closing of the transaction is not yet final and remains subject to the satisfaction of customary closing conditions. The final voting results will be detailed in a Form 8-K to be filed by Dayforce with the U.S. Securities and Exchange Commission.
This acquisition is a significant event in the HCM software landscape, representing the take-private of a major public company by a specialist technology investor. The partnership is expected to provide Dayforce with increased operational flexibility and strategic capital to further develop its single, AI-powered people platform and compete in the highly competitive market for HR technology.
About Dayforce
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on enabling thousands of customers and millions of employees around the world do the work they're meant to do. With our single AI-powered people platform for HR, Pay, Time, Talent, and Analytics, organizations of all sizes and industries are benefiting from simplicity at scale with Dayforce to help unlock their full workforce potential, operate with confidence, and realize quantifiable value.
About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with approximately $181 billion in assets under management as of June 30, 2025. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 535 companies representing approximately $275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York, and San Francisco.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones—and thrive on the tech pulse.