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UKG is a multinational technology company that provides cloud-based services for workforce management and human resource management. It was formed in 2020 by the merger of Ultimate Software and Kronos Incorporated, and has acquired several other companies since then.
Ultimate Software was a private technology company that developed and sold UltiPro, a cloud-based human capital management (HCM) software system. It merged with Kronos Incorporated in 2020 to form Ultimate Kronos Group.
Kronos Incorporated was a software company that provided workforce management and human capital management solutions. It merged with Ultimate Software in 2020 to form Ultimate Kronos Group, and faced a ransomware attack in 2021.
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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.
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EBSA is a federal agency of the Department of Labor that regulates and enforces ERISA, the law that governs retirement and health plans. It has nine program offices, 15 regional and district field offices, and provides policy analysis, research, and assistance to the public.