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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. Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history.
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. 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 ...
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. History. Ultimate Software was founded in 1990 by Scott Scherr.
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.
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Wholly and majority-owned subsidiaries include 80% of Kronos Worldwide, 86% of CompX International Inc., 83% of NL Industries, Basic Management, Inc. and The LandWell Company. Former subsidiaries include Amalgamated Sugar Company , oilfield services firm Baroid, forest products firm Medford, and Arby’s franchise Sybra.
Kronospan is an Austrian-founded, Cyprus-based, international company that manufactures and distributes wood-based panels which are used in applications including flooring, furniture and timber-framed houses.