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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 was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.
The firm's current core activities are improving business operations and workforce management through its platform that covers employee scheduling, time and attendance, employee engagement, labor analytics, employee apps, and automated labor compliance.
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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]
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