We're excited to collaborate with partners whose strategy and goals complement ours and who are invested in delivering an exceptional customer experience. On February 20, 2020, Ultimate Software and Kronos Incorporated announced that they had entered into a definitive merger agreement to form a new cloud computing venture specializing in workforce management and human capital management.The combined company, valued at $22 billion, would be one of the largest cloud computing companies in the world. + 1 800.225.1561 Kronos Incorporated and Ultimate Software today announced that they have entered into a definitive merger agreement to form one of the world’s largest cloud companies. Kronos is a leading provider of workforce management and human capital management cloud solutions. Kronos Incorporated and Ultimate Software today announced that they have completed their planned merger as announced on Feb. 20, creating the world’s most innovative human capital management (HCM) and workforce management company to help organisations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. © 2020 Kronos Incorporated and Ultimate Software. Visit www.kronos.com. Kronos Media Contact:  Kronos offers the industry’s most powerful suite of tools and services to manage and engage your entire workforce. To Jason’s point, they have very complementary cultures. Domenic Locapo Great businesses are powered by great people. Visit www.kronos.com. Follow our compelling video series that celebrates the unsung heroes of today’s workforce — the inspiring individuals who do the jobs we all rely on every day. One glance at our customer list and you’ll see that we’re trusted by thousands of organizations around the globe — including more than half of the Fortune 1000®. MarketSource leverages technology solutions to optimize scheduling of part-time employees at retail client sites. MarketSource leverages technology solutions to optimize scheduling of part-time employees at retail client sites. The new company shares joint headquarters in Lowell, Mass. +1 954.331.7444  Ultimate Software and Kronos Inc. released the news of the definitive merger agreement Thursday. Our human capital management (HCM) software provides an end-to-end employee lifecycle management solution. Ultimate Software and Kronos, both controlled by the private equity firm Hellman & Friedman, will merge to form a single HR technology provider with $3 billion in revenue, more than 12,000 employees world-wide, and an enterprise value of $22 billion. We’re not your average technology vendor. Aron Ain, longtime Kronos chief executive officer, is the chief executive officer and Chairman of the new company, guiding an experienced executive team comprised of leaders from both Kronos and Ultimate. According to both companies, the move will form one of the world’s largest cloud companies, valued overall at $22 billion. Find out what it takes to become a Kronos partner. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. LOWELL, Mass. Partners are key extensions of our team. For more information about CPP Investments, please visit www.cppinvestments.com or follow us on LinkedIn, Facebook or Twitter. The two companies have announced a … Tens of thousands of organizations — including half of the Fortune 1000® — and more than 40 million people in over 100 countries use Kronos every day. www.ultimatesoftware.com. Kronos Incorporated and Ultimate Software, two major vendors of Human Capital Management (HCM) software, have entered into a definitive merger agreement, the companies announced. The YMCA of Greater Boston gains improved efficiency, accuracy, and compliance using Kronos Workforce Ready. www.kronos.com, Ultimate Media Contact: Security Private equity firm Hellman & Friedman LLC (H&F), the controlling shareholder of both Kronos and Ultimate, will have a controlling stake in the combined company as well. Trademarks Online platform allows you to easily browse third-party products and services from our Kronos Technology Partners. Kronos and Ultimate Software Enter Definitive Merger Agreement Creating Company Valued at $22 Billion Merger brings together world-renowned best places to work, with plans to add 3,000 employees over three years LOWELL, Mass. Working together we’ll find the right solution to achieve your goals — and fit your budget. By bringing together two industry leaders, the transaction will create the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. Kronos and the Kronos logo are registered trademarks and Workforce Innovation That Works is a trademark of Kronos Incorporated or a related company. Combining two exceptional, highly compatible cultures will create a company that is. Following H&F, private equity funds managed by Blackstone will be the largest minority investor, followed by GIC, Canada Pension Plan Investment Board (CPP Investments), and JMI Equity. Follow Blackstone on Twitter @Blackstone. Hellman & Friedman LLC (H&F), the controlling shareholder of both Kronos and Ultimate, will be the controlling shareholder of the newly formed company. HR application software providers Kronos Inc and Ultimate Software Group Inc said on Thursday they would merge to form a cloud-based workforce management company valued at $22 billion. [email protected], Ultimate Sales:  Privacy Policy. Blackstone is one of the world’s leading investment firms. Ultimate Software and Kronos Inc. are merging in a deal creating a big new player in workplace-software products. Boba Tea Company sees sales leap and increased HR efficiencies with improved scheduling and HR processes. The Kronos-Ultimate Software merger is a very interesting combination. Since its founding in 1984, H&F has raised over $50 billion of committed capital, invested in over 90 companies, and is currently investing its ninth fund, with $16.5 billion of committed capital. Read their success stories. www.kronos.com, Ultimate Media Contact: Proven Kronos Workforce Management solutions help meet your workforce needs regardless of your industry or where you do business. Kronos Incorporated and Ultimate Software have completed their planned merger as announced on Feb. 20, creating the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. We're excited to collaborate with partners whose strategy and goals complement ours and who are invested in delivering an exceptional customer experience. Once the merger between the Kronos and Ultimate Software closes, the combined company will have revenues of $3bn with more than 12,000 employees worldwide. Kronos industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, and government agencies of all sizes. Kronos Incorporated and Ultimate Software today announced that they have entered into a definitive merger agreement to form one of the world’s largest cloud companies. + 1 800.225.1561 Learn more about our company and what inspires our success. Proven Kronos Workforce Management solutions help meet your workforce needs regardless of your industry or where you do business. The new company will be jointly headquartered in Lowell, Mass. Terms of Use Partners are key extensions of our team. Access the tools and resources we’ve developed to help our customers make more-informed business decisions. Founded in 1992, JMI has invested in over 145 businesses in its target markets, successfully completed over 95 exits and raised more than $4 billion of committed capital. H&F targets outstanding businesses in select sectors including software & technology, financial services, healthcare, retail & consumer, and other business services. Learn how we strive to be a great organization every day by embracing the global principles of corporate social responsibility and building customer trust. JMI Equity is a growth equity firm focused on investing in leading software companies. + 1 978.947.4777 Our asset management businesses, with $571 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Access the tools and resources we’ve developed to help our customers make more-informed business decisions. One glance at our customer list and you’ll see that we’re trusted by thousands of organizations around the globe — including more than half of the Fortune 1000®. See a complete list of Kronos trademarks. The Ultimate Software and Kronos Merger is Official! Read the Gartner Magic Quadrant report that names UKG a Leader in cloud HCM suites for the fourth consecutive year. You've probably heard the news: Ultimate Software and Kronos are now UKG ™. Tens of thousands of organizations — including half of the Fortune 1000® — and more than 40 million people in over 100 countries use Kronos every day. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Kronos and Ultimate each have a proven track record of delivering the industry’s most innovative solutions to help organizations around the world drive better business outcomes, achieve a competitive advantage and create engaged workforces. completed their planned merger as announced on Feb. 20. April 16, 2020 By Ultimate Software Our mission as a combined organization is to continue to show the world the power of putting people first—with a focus on exceptional culture and employee experiences. Darlene Marcroft  Great businesses are powered by great people. Further information is available at www.blackstone.com. Aron Ain, longtime Kronos chief executive officer, will be the chief executive officer and Chairman of the combined company – guiding an experienced executive team comprised of leaders from both Ultimate and Kronos. Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labor management, as well as HR service delivery solutions. © 2020 Kronos Incorporated and Ultimate Software. 01:23 All rights reserved. About six months ago, HCM giants Kronos and Ultimate Software announced they would merge in a record, industry-changing merger valued at $22 billion. All other trademarks, if any, are property of their respective owners. Ultimate Kronos Group. Find out how Kronos helps accelerate the value of your investment and deliver the experience you expect. As a disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. Create and manage an engaged workforce with Kronos solutions. Learn how we strive to be a great organization every day by embracing the global principles of corporate social responsibility and building customer trust. Dive Brief: Massachusetts-based Kronos and Florida-based Ultimate Software will soon merge, the pair announced Feb. 20.The two organizations have a … Follow our compelling video series that celebrates the unsung heroes of today’s workforce — the inspiring individuals who do the jobs we all rely on every day. All rights reserved. For more information visit jmi.com. Feb 20, 2020 5:05PM EST (RTTNews) - Kronos Incorporated (KRON) and Ultimate Software have entered into a definitive merger deal. The new company will bring together the best of each company’s award-winning solutions – Ultimate’s UltiPro HCM and Employee Experience products with Workforce Dimensions from Kronos, Kronos Workforce Ready, and other solutions from Kronos – with an unwavering commitment to delighting customers and exceeding their expectations. must read: After inflammatory tweets, Twitter threatens Donald Trump with "permanent suspension" Top three takeaways from the Kronos-Ultimate merger announcement Kronos In. Use our ROI tool to determine in just minutes how much you could save by investing in modern HR and workforce management technology. Kronos has its roots in Time and Attendance. Kronos and Ultimate Software recently entered a definitive merger agreement to create a $22 billion company. Upon closing, the combined company will have revenues of approximately $3 billion, more than 12,000 employees worldwide, and an enterprise value of $22 billion, with further plans for growth including the addition of 3,000 employees over the next three years. All rights reserved. By bringing together two industry leaders, the transaction will create the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people … At December 31, 2019, the CPP Fund totalled $420.4 billion. & WESTON, Fla.– (BUSINESS WIRE)– Kronos Incorporated and Ultimate Software today announced that they have completed their planned merger as announced on Feb. 20, creating the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people more effectively with an … Users of Kronos and Ultimate Software—two of the largest HR technology vendors—may want to get in touch with their account representatives. Kronos Incorporated and Ultimate Software today announced that they have completed their planned merger as announced on Feb. 20, creating the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. We have a product to fit your needs — regardless of your organization’s industry, size, or location. [email protected], Kronos Sales:  And as Harry said, they served somewhat different markets. Kronos Incorporated and Ultimate Software today announced that they have entered into a definitive merger agreement to form one of the world’s largest cloud companies. Our human capital management (HCM) software provides an end-to-end employee lifecycle management solution. Together, we innovate to meet customer needs and create new opportunities for shared success. 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