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Following the merger of Ultimate Software and Kronos Incorporated, the Ultimate Kronos Group was established in April 2020.According to Society for Human Resource Management, the new company became one of the largest HR technology vendors in the highly competitive economy section that includes ADP, Ceridian, Taleo, Successfactors, and Workday.
In 2020, Kronos completed a merger with Ultimate Software to create UKG, [17] and Ain became the chairman and chief executive officer of the combined company. UKG has more than 15,000 employees worldwide, and an enterprise value of $35 billion. On June 1, 2022, UKG announced Ain would transition to UKG Executive Chair, effective July 1, 2022.
In February 2020, Ultimate Software announced its plan to merge with Kronos Incorporated to form a cloud-computing venture specializing in human resource software. [7] The merger was completed on April 1, 2020. The company is named Ultimate Kronos Group. [8] [9]
Kronos Incorporated corporate headquarters in Lowell, MA. Kronos was founded in 1977 by Massachusetts Institute of Technology (MIT) and Simon Business School alumnus Mark S. Ain. [5] Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history.
Workday, Inc., is an American on‑demand (cloud-based) financial management, human capital management, and student information system software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle's acquisition of PeopleSoft in 2005.
PeopleDoc's human resources service delivery is composed of four main components : The HR document management system allows for employee and HR documents to be centralized from multiple sources, including paper and existing human resources systems, and stored in the cloud.
In an unexpected combination, Triller — the TikTok-like social video app that claims to have millions of users — plans to become a publicly traded company through a merger with SeaChange ...
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