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In 1979, Kronos delivered the world's first microprocessor-based time clock and, in 1985, delivered its first PC-based time and attendance product. In 1992, Kronos became a publicly-traded company on NASDAQ. Aron Ain, [6] succeeded his brother Mark Ain as chief executive officer in 2005. [7] In March 2007, Kronos went private again, bought out ...
Time clock. A time clock, sometimes known as a clock card machine, punch clock, or time recorder, is a device that records start and end times for hourly employees (or those on flexi-time) at a place of business. In mechanical time clocks, this was accomplished by inserting a heavy paper card, called a time card, into a slot on the time clock.
The time clock division of Simplex was sold to Kronos shortly afterward. On September 6, 2016, Johnson Controls and Tyco completed a merger. [ 2 ] In May 2017, Johnson Controls announced that the brand identity of SimplexGrinnell will be transitioned to Johnson Controls.
Former Kronos CEO Aron Ain was the CEO and chairperson of the combined company until July 1, 2022, when he stepped down as CEO to become Executive Chairperson. [4] 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 ...
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