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Ultimate Kronos Group ( UKG) is an American multinational technology company with dual headquarters in Lowell, Massachusetts, and Weston, Florida. It provides workforce management and human resource management services. The company was founded in April 2020 as a result of the merger of Ultimate Software and Kronos Incorporated. [3]
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Ultimate Software was an American multinational technology company that developed and sold UltiPro, a cloud-based human capital management (HCM) software system for businesses. Headquartered in Weston, Florida, the company was founded in 1990 by Scott Scherr, and released its first version of software in 1993.
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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. [4] Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history. [5]
UKG has more than 12,000 employees worldwide, and an enterprise value of $22 billion. On June 1, 2022, UKG announced Ain would transition to UKG Executive Chair, effective July 1, 2022. Chris Todd, current President at UKG, will replace Ain as CEO. Affiliations [ edit] Ain serves on the board of trustees of his alma mater, Hamilton College. [16]
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