MarketSource leverages technology solutions to optimize scheduling of part-time employees at retail client sites. The new company shares joint headquarters in Lowell, Mass. Partners are key extensions of our team. Kronos Incorporated and Ultimate Software, two major vendors of Human Capital Management (HCM) software, have entered into a definitive merger agreement, the companies announced. Learn more about our company and what inspires our success. All rights reserved. Kronos Incorporated and Ultimate Software today announced that they have entered into a definitive merger agreement to form one of the world’s largest cloud companies. +1 954.331.7444  Tens of thousands of organizations — including half of the Fortune 1000® — and more than 40 million people in over 100 countries use Kronos every day. Combining two exceptional, highly compatible cultures will create a company that is. By bringing together two industry leaders, the transaction will create the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people … JMI Equity is a growth equity firm focused on investing in leading software companies. Our asset management businesses, with $571 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Kronos and Ultimate Software recently entered a definitive merger agreement to create a $22 billion company. The YMCA of Greater Boston gains improved efficiency, accuracy, and compliance using Kronos Workforce Ready. The new company … Create and manage an engaged workforce with Kronos solutions. and Weston, Fla., with dozens of offices around the world. www.kronos.com, Ultimate Media Contact: Four months after workforce software providers Kronos Inc. and Weston-based Ultimate Software completed their merger, the combined company said its new name will be UKG, or Ultimate Kronos … Ultimate Software and Kronos, both controlled by the private equity firm Hellman & Friedman, will merge to form a single HR technology provider with $3 billion in revenue, more than 12,000 employees world-wide, and an enterprise value of $22 billion. For more information on GIC, please visit www.gic.com.sg or LinkedIn. Ultimate Software is a leading global provider of cloud human capital management and employee experience solutions, with more than 51 million people records in the cloud. Kronos Media Contact:  Dive Brief: Massachusetts-based Kronos and Florida-based Ultimate Software will soon merge, the pair announced Feb. 20.The two organizations have a … Follow our compelling video series that celebrates the unsung heroes of today’s workforce — the inspiring individuals who do the jobs we all rely on every day. At December 31, 2019, the CPP Fund totalled $420.4 billion. Now, the two companies are unveiling the highly anticipated next steps of their joint venture. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com. Find out how Kronos helps accelerate the value of your investment and deliver the experience you expect. The Kronos-Ultimate Software merger is a very interesting combination. Kronos: Workforce Innovation That Works. The new company will bring together the best of each company’s award-winning solutions – Ultimate’s UltiPro HCM and Employee Experience products with Workforce Dimensions from Kronos, Kronos Workforce Ready, and other solutions from Kronos – with an unwavering commitment to delighting customers and exceeding their expectations. Together, we innovate to meet customer needs and create new opportunities for shared success. Proven Kronos Workforce Management solutions help meet your workforce needs regardless of your industry or where you do business. Following H&F, private equity funds managed by Blackstone will be the largest minority investor, followed by GIC, Canada Pension Plan Investment Board (CPP Investments), and JMI Equity. Our human capital management (HCM) software provides an end-to-end employee lifecycle management solution. We have a product to fit your needs — regardless of your organization’s industry, size, or location. [email protected], Kronos Sales:  Together, we innovate to meet customer needs and create new opportunities for shared success. [email protected], Kronos Sales:  GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. Tens of thousands of organizations — including half of the Fortune 1000® — and more than 40 million people in over 100 countries use Kronos every day. Domenic Locapo According to both companies, the move will form one of the world’s largest cloud companies, valued overall at $22 billion. Kronos Inc. and The Ultimate Software Group Inc., two of the industry's biggest providers of human resources software, today said they plan to merge into a single company that will be valued at $22 b Founded in 1992, JMI has invested in over 145 businesses in its target markets, successfully completed over 95 exits and raised more than $4 billion of committed capital. Terms of Use Upon closing, the combined company will have revenues of approximately $3 billion, more than 12,000 employees worldwide, and an enterprise value of $22 billion, with further plans for growth including the addition of 3,000 employees over the next three years. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs approximately 6,000 professionals. Online platform allows you to easily browse third-party products and services from our Kronos Technology Partners. A new company name will be announced in the coming months. The YMCA of Greater Boston gains improved efficiency, accuracy, and compliance using Kronos Workforce Ready. All rights reserved. Domenic Locapo 01:23 We’re your partner. Partners are key extensions of our team. Access the tools and resources we’ve developed to help our customers make more-informed business decisions. Proven Kronos Workforce Management solutions help meet your workforce needs regardless of your industry or where you do business. Working together we’ll find the right solution to achieve your goals — and fit your budget. Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labor management, as well as HR service delivery solutions. Terms of Use Aron Ain, longtime Kronos chief executive officer, is the chief executive officer and Chairman of the new company, guiding an experienced executive team comprised of leaders from both Kronos and Ultimate. Kronos Incorporated and Ultimate Software today announced that they have completed their planned merger as announced on Feb. 20, creating the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. Headquartered in Singapore, GIC employs over 1,500 people across 10 offices in key financial cities worldwide. Boba Tea Company sees sales leap and increased HR efficiencies with improved scheduling and HR processes. Kronos is a leading provider of workforce management and human capital management cloud solutions. GIC has investments in over 40 countries. Kronos Media Contact:  Ultimate Software is a leading global provider of cloud human capital management and employee experience solutions, with more than 51 million people records in the cloud. Workforce Ready suite and services are provided by Kronos SaaShr, a Kronos Company.© 2003-2021, Kronos Incorporated. One glance at our customer list and you’ll see that we’re trusted by thousands of organizations around the globe — including more than half of the Fortune 1000®. Private equity firm Hellman & Friedman LLC (H&F), the controlling shareholder of both Kronos and Ultimate, will have a controlling stake in the combined company as well. Privacy Policy. Learn how we strive to be a great organization every day by embracing the global principles of corporate social responsibility and building customer trust. We’re not your average technology vendor. Kronos Incorporated and Ultimate Software today announced that they have completed their planned merger as announced on Feb. 20, creating the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. We do this by using extraordinary people and flexible capital to help companies solve problems. © 2020 Kronos Incorporated and Ultimate Software. Security Visit www.kronos.com. Use our ROI tool to determine in just minutes how much you could save by investing in modern HR and workforce management technology. Use our ROI tool to determine in just minutes how much you could save by investing in modern HR and workforce management technology. Working together we’ll find the right solution to achieve your goals — and fit your budget. Kronos Incorporated and Ultimate Software today announced that they have completed their planned merger as announced on Feb. 20, creating the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. The new company will be jointly headquartered in Lowell, Mass. Security Ultimate started in Payroll — literally launched as an alternative to ADP, where founder Scott Scherr came from. Users of Kronos and Ultimate Software—two of the largest HR technology vendors—may want to get in touch with their account representatives. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Follow Blackstone on Twitter @Blackstone. Follow our compelling video series that celebrates the unsung heroes of today’s workforce — the inspiring individuals who do the jobs we all rely on every day. Kronos Incorporated and Ultimate Software today announced that they have entered into a definitive merger agreement to form one of the world’s largest cloud companies. Workforce needs regardless of your industry or where you do business investment and. In modern HR and workforce Innovation that Works is a leading provider workforce. Of their joint venture achieve your workforce goals the coming months industry-centric workforce applications purpose-built... 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