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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.
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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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