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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.
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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.
Tyco bought Simplex Time Recorder Company on January 5, 2001, for US$ 1.15 billion and merged it with Grinnell Fire Protection, forming SimplexGrinnell. The time clock division of Simplex was sold to Kronos shortly afterward.
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