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On February 20, 2020, Ultimate Software and Kronos Incorporated announced they agreed 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. Kronos CEO Aron Ain became CEO and chairman of the new company, with more than 12,000 employees and dual ...
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. [4] Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history. [5]
In February 2020, Ultimate Software announced its plan to merge with Kronos Incorporated to form a cloud-computing venture specializing in human resource software. The merger was completed on April 1, 2020. The company is named Ultimate Kronos Group. [7] [8]
In 2020, Kronos completed a merger with Ultimate Software to create UKG, 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.
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. This solution is now known as UKG Document Manager.
Emory University Hospital is a 733-bed facility in Atlanta, Georgia, specializing in the care of acutely ill adults. Emory University Hospital is staffed exclusively by Emory University School of Medicine faculty who also are members of The Emory Clinic. The hospital is renowned as one of the nation's leaders in cardiology and cardiac surgery, oncology, transplantation, ophthalmology, and the ...
Ultimate Software has since been combined with Kronos Incorporated, and rolled into the brand Ultimate Kronos Group. In December 2019, Hellman & Friedman acquired AutoScout24, a European automotive digital marketplace, for 2.9 billion euros ($3.2 billion) from Scout24.
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 ...
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