Toronto entrepreneur David Ossip transformed one of America’s oldest technology companies, Ceridian Corp., from an underperforming, debt-laden private equity-owned enterprise based in Minneapolis into a leading enterprise software vendor that was largely managed from Canada.

Thoma Bravo Managing Partner Holden Spaht says the private equity firm sees a chance to accelerate Dayforce’s growth by taking the company private in the $12.3 billion deal. He joins Caroline Hyde and Dani Burger on “Bloomberg Tech.