Ultimate Software No. 1 Workplace for Millennials

Ultimate Software has been ranked No. 1 in Fortune magazine's 100 Best Workplaces for Millennials list for 2017. The list recognizes companies with "high-trust cultures" that offer meaningful work, mobility, extraordinary benefits, and an overall positive experience to millennial employees, those born after 1981. Ultimate's Chief People Officer Vivian Maza is proud of the company's recognition.

"Our people are our first priority, and we're focused every day on creating a culture where employees feel trusted, empowered, and supported in building their careers and growing as people—not only millennials, but all generations," Maza said. "We care for our employees like family and look to connect with them on a personal level. These survey results show that level of care resonates with our people, and they ‘pay it forward' through the innovative products and personalized service they consistently deliver to our customers."

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First Data Completes Acquisition of CardConnect

First Data Corporation and CardConnect Corp., a payment processing and technology solutions provider, announced the successful completion of First Data's tender offer to purchase the outstanding shares of CardConnect's common stock for $15 per share in cash and through a merger. CardConnect is now an exclusive subsidiary of First Data, and its shares will no longer be traded on the NASDAQ.

First Data Chairman and CEO Frank Bisignano said the company is thrilled with the acquisition and the opportunity to partner with CardConnect's Jeff Shanahan and his team for future products and skills.

"This acquisition allows us to improve our service offerings for our joint ventures and other distribution partners, accelerate our integrated solutions strategy, and enter the ERP integration business," Bisignano said.

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Conduent Names New Commercial Sector Leaders

Conduent Incorporated has named Christine Landry as Group Chief Executive, Consumer & Industrials, and Pratap Sarker as Group Chief Executive, Financial Services & Healthcare. The two will be responsible for maintaining a strong focus on the company's customer experience-centric and highly regulated industries respectively.

"Christine and Pratap bring a deep knowledge of the business services industry," said Ashok Vemuri, CEO of Conduent. "They will hold critical leadership roles and be instrumental in growing our business, revenue, and profitability. Each will have end-to-end responsibility for our client relationships across their respective portfolios of businesses, including opportunity identification, relationship management, delivery, operational excellence, and the related financial performance."

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Compliance TV - July


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