By continuing to invest in the innovation of HCM and workforce management solutions, bringing together world-class talent, and championing a people-centric culture, this merger will set the global standard for what it means to be a customer-focused organization. Tens of thousands of organisations — including half of the Fortune 1000® — and more than 40 million people in over 100 countries use Kronos every day. © 2003-2021, Kronos Incorporated. Learn more about our company and what inspires our success. By Emily Payne | February 24, 2020 at 01:12 PM Cookie Preferences [email protected], Kronos Sales:  The strength of our combined talents is already redefining the industry and proving that company culture is the most powerful catalyst for business transformation and success. All other trademarks, if any, are property of their respective owners. The all-stock merger has been unanimously approved by the boards of directors of both companies and is expected to close at the end of March. Subscribe. Create and manage an engaged workforce with Kronos solutions. This transaction will create an innovative Human Capital Management (HCM) and workforce management company to assist businesses across all industries with managing their employees more effectively with a combination … solution that integrates the strongest functionality across all areas and meets Yet, despite the world of work changing seemingly overnight, our new company—official as of April 1st—remains as committed as ever to continual innovation, caring for our people, and going above and beyond for our customers. Visit www.kronos.com. a differentiated, best-in-class, full-suite & WESTON, Fla.– (BUSINESS WIRE)– 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 … Our mission as a combined organization is to continue to show the world the power of putting people first—with a focus on exceptional culture and employee experiences. leader in HCM. Thursday morning, we got the news that Lowell, MA -based Kronos was merging with Weston, FL -based Ultimate Software. 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. The merger of Kronos and Ultimate creates one of the world’s largest cloud companies – with 12,000 employees worldwide and approximately $3 billion in revenue – to deliver enhanced scale and an even stronger position in the HCM marketplace with highly complementary products and a combined 70 years of expertise. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support As Kronos Inc. and Ultimate Software come together to create a $22 Bn company, the merger of these two industry leaders will result in the creation of one giant organization that specializes in human capital management (HCM) and workforce management across various industries. The Kronos Human Capital Management (HCM) solution helps you manage and engage your entire workforce from pre-hire to retire on a single unified platform. Date: Wednesday, March 8, 2020 Contact: Christie Hecht, Christie_Hecht@ultimatesoftware.com or 248-229-5125 Kronos Incorporated and Ultimate Software 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 … 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. Through the merger, Kronos and Ultimate Software combined will become one of the world’s largest cloud companies. Users of Kronos and Ultimate Software—two of the largest HR technology vendors—may want to get in touch with their account representatives. We believe that when your employees have genuinely positive and meaningful experiences at work, they are encouraged and empowered to go above and beyond—that prioritizing the employee experience directly improves customer experience. Review the criteria, explore the benefits, and contact us today to get started. www.kronos.com, Ultimate Media Contact: Feb 20, 2020 5:05PM EST (RTTNews) - Kronos Incorporated (KRON) and Ultimate Software have entered into a definitive merger deal. + 1 800.432.1729  & WESTON, Fla (Business Wire) Merger brings together world-renowned best places to work, with plans to add 3,000 employees over three years Save my name, email, and website in this browser for the next time I comment. The amalgamation of these two people-first technology companies has created the most innovative human capital management (HCM) and … HR software providers Kronos and Ultimate Software will be merged to form one of the world’s largest human capital management and workforce management cloud-based software companies. Working together we’ll find the right solution to achieve your goals — and fit your budget. Kronos and Ultimate Software enter definitive merger agreement creating company valued at $22 billion Merger brings together world-renowned best places to work, with plans to add 3,000 employees over three years London, U.K., 20 Feb, 2020 Workplace-software providers Ultimate Software and Kronos plan to merge in an all-stock deal that would create a company worth roughly $22 billion including debt. Kronos Inc and The Ultimate Software Group Inc are to merge into a single company worth $22 billion including debt. Kronos and the Kronos logo are registered trademarks and Workforce Innovation That Works is a trademark of Kronos Incorporated or a related company. Find out more about Kronos workforce management technology. 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 organisations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. This is a merger that some observers considered when Ultimate was acquired. Kronos Incorporated and Ultimate Software have agreed to merge, creating a cloud company valued at US$22 billion. Terms of Use This merger is the first step in reaching our aspiration to become one of the world’s largest and most effective cloud companies, while setting the standard as one of the greatest people companies in the world. Thursday morning, we got the news that Lowell, MA -based Kronos was merging with Weston, FL -based Ultimate Software. Your partner and advocate, Kronos Customer Success connects you with the training and strategic resources you need to achieve your workforce goals. They said the deal would bring together the best elements of each company’s HR systems, including Ultimate’s UltiPro HCM and Employee Experience and Kronos’ Workforce Dimensions and … A new company name will be announced in the coming months. Kronos Incorporated and Ultimate Software today announced that they have completed their planned merger as announced on Feb. 20. 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. This transaction will create an innovative Human Capital Management (HCM) and workforce management company to assist businesses across all industries with managing their employees more effectively with a combination … Our customers have always expected and enjoyed unparalleled levels of care, and we are excited to continue exceeding expectations. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com. Kronos and Ultimate Software Enter Definitive Merger Agreement Creating Company Valued at $22 Billion Merger Brings Together World-renowned Best Places to Work, with Plans to Add 3,000 Employees over Three Years LOWELL, Mass. 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. Sodexo’s streamlined labour scheduling at Manchester University NHS Foundation Trust reduces premium overtime by 14% and smashes shift accuracy targets, Saint-Gobain empowers supervisors and managers to make better absence and overtime decisions, boosting productivity. By bringing together the top talent in the industry, we will learn from each other and serve our customers in new and innovative ways. Subscribe. We have a product to fit your needs — regardless of your organisation’s industry, size, or location. 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. Kronos is a leading provider of workforce management and human capital management cloud solutions. Combining our collective workforce management and human capital management solutions allows us to create the industry’s most powerful and comprehensive suite of HR applications. 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 organisations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. According to both companies, the move will form one of the world’s largest cloud companies, valued overall at $22 … The human capital management (HCM) technology market is a hotbed of M&A activity, so to anyone who follows it, this merger shouldn’t be a huge surprise. 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 April 16, 2020 By Ultimate Software Our mission as a combined organization is to continue to show the world the power of putting people first—with a focus on exceptional culture and employee experiences. Ultimate Software and Kronos Incorporated announced on April 1, 2020, that they have completed their industry-defining merger. About six months ago, HCM giants Kronos and Ultimate Software announced they would merge in a record, industry-changing merger valued at $22 billion. Tax Strategy Partners are key extensions of our team. and Weston, Fla., with dozens of offices around the world. By bringing together two industry leaders, the transaction will create an innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people more effectively. Ultimate Software and Kronos Inc. are merging in a deal creating a big new player in workplace-software products. See a complete list of Kronos trademarks. Online platform allows you to easily browse third-party products and services from our Kronos Technology Partners. By combining our product offering, we are offering our customers Kronos and Ultimate Software recently entered a definitive merger agreement to create a $22 billion company. Here's a sample of what our amazing customers say about us. In M&A terms, this deal is pretty close to a ‘merger of equals’ given the similarity of: revenues ($1.5B for Kronos and $1.4B USD for Ultimate) The combined company, valued at $22 billion, would be one of the largest cloud computing companies in the world. Reach out to me and let’s see what we can do! Kronos Incorporated and Ultimate Software 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. LOWELL, Mass. HR application software providers Kronos Inc and Ultimate Software Group Inc said on Thursday they would merge to form a cloud-based workforce management company valued at $22 billion. Read their success stories. Aug 28, 2020, 1:27pm EDT Kronos Inc., one of the largest private companies in Massachusetts, is rebranding after its merger with a Florida software … Our mission as a combined organization is to continue to show the world the power of putting people first—with a focus on exceptional culture and employee experiences. On February 20, 2020, Ultimate Software and Kronos Incorporated announced that they had entered into a definitive merger agreement 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 in the world. Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labour management, as well as HR service delivery solutions. In fact, when private equity firm Hellman & Friedman acquired Ultimate Software around this time last year, the writing was on the wall. We're excited to collaborate with partners whose strategy and goals complement ours and who are invested in delivering an exceptional customer experience. + 1 978.947.4777 + 1 800.225.1561 Both organizations have a proven track record of Merger of Kronos and Ultimate Software – A Strategic Joining of Forces Research By: Lisa Highfield , Info-Tech Research Group February 24, 2020 Hellman & Friedman LLC (H&F), the controlling shareholder of both Kronos Incorporated and Ultimate Software , will merge the two entities, creating a human capital management (HCM) powerhouse valued at $22 billion. Ultimate Kronos Group. Kronos and Ultimate Software Enter Definitive Merger Agreement Creating Company Valued at $22 Billion. Darlene Marcroft  Massachusetts-based Kronos and Florida-based Ultimate Software will soon merge, the pair announced Feb. 20. LOWELL, Mass. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support www.ultimatesoftware.com. Now, the two companies are unveiling the highly anticipated next steps of their joint venture. LOWELL — Lowell-based Kronos Incorporated and Ultimate Software today announced that they have entered into a definitive merger agreement to … Kronos had already been taken private […] Every client has unique needs. Kronos: Workforce Innovation That Works. On February 20, 2020, Ultimate Software and Kronos Incorporated announced that they had entered into a definitive merger agreement to form a new cloud computing venture specializing in workforce management and human capital management. Great businesses are powered by great people. 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. By effectively doubling our manpower and financial resources (we are now one of the largest companies in our industry, with more than 12,000 employees worldwide! delivering the industry’s most innovative solutions, with Kronos’ best-in-class © 2020 Kronos Incorporated and Ultimate Software. This Ultimate Software and Kronos merger will allow us to design and deliver the world’s most innovative and effective human capital management and workforce management solutions across all industries and sizes, drawing from and improving upon each individual company’s strengths and specialties. 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. & WESTON, Fla.–(BUSINESS WIRE)–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 … Learn why organisations around the globe — including more than half of the Fortune 1000® — choose Kronos to help build an engaged workforce. Shop Direct uses Kronos to automate time and attendance, and maximise fulfilment efficiency, LondonEnergy uses Kronos to improve workforce productivity. (Image credit: Ultimate Software) Two HR industry powerhouses announced today that they are merging in what is sure to be a significant shakeup in the HCM software marketplace. HR, payroll, time and scheduling, engagement surveys. Kronos Media Contact:  HCM Solutions | HR Tour | Payroll Tour | About Us | Contact Us, ©2020 Ultimate Software | Privacy Notice | Legal Statement. Ultimate Software and Kronos Inc. released the news of the definitive merger agreement Thursday. & WESTON, Fla. 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 … Kronos Incorporated and Ultimate Software announced that they have entered into a definitive merger agreement to form one of the world’s largest cloud companies. The Ultimate Software and Kronos Merger is Official! About six months ago, HCM giants Kronos and Ultimate Software announced they would merge in a record, industry-changing merger valued at $22 billion. 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 … ), we are perfectly positioned to help our customers achieve optimal business outcomes across all industries and geographical locations. 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 … Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs approximately 6,000 professionals. Both Ultimate and Kronos consistently rank as great places to work, and our complementary cultures make us a perfect match. 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. Domenic Locapo With the top talent in the space, we are perfectly positioned to help our customers achieve optimal business outcomes across all industries and geographical locations. Find out what it takes to become a Kronos partner. Kronos Incorporated and Ultimate Software have announced that they have entered a definitive merger agreement in order to form a larger cloud company. and WESTON, Fla., Feb 20, 2020 Thank you for joining us on this journey! 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. Kronos and Ultimate Software Complete Merger April 01, 2020 … LOWELL, Mass. April 1st, 2020. Kronos and Ultimate Software to Merge 02/20/2020 Get great content like this right in your inbox. Kronos Incorporated and Ultimate Software 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 organisations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. Kronos Inc and The Ultimate Software Group Inc are to merge into a single company worth $22 billion including debt. LOWELL, Mass. These are the details. One glance at our customer list and you’ll see that we’re trusted by thousands of organisations around the globe — including more than half of the Fortune 1000®. Software Enter definitive merger agreement collaborate with partners whose strategy and goals complement ours and are... Two great people companies to form one of the largest in the ’! Tour | payroll Tour | payroll Tour | payroll Tour | about us | Contact us, Ultimate. Company shares joint headquarters in Lowell, Mass the benefits, and maximise efficiency. 22 billion the largest in the HR technology space review the criteria, explore the benefits, more. Entire workforce Ultimate Software—two of the largest cloud companies your inbox sample of what our customers! With partners whose strategy and goals complement ours and who are invested kronos ultimate software merger 2020 delivering an exceptional experience... A single company worth $ 22 billion company the two companies are unveiling the anticipated! Solutions designed to improve workforce productivity, FL -based Ultimate Software provides innovative HCM solutions | HR Tour | Tour... Control labour costs, increase productivity, and more -- our unified cloud do! Will be announced in the coming months trademarks Cookie Preferences Privacy Policy, completed their merger. Delivery, and more -- our unified cloud solutions do it all Legal Statement the Ultimate Software have to... Innovation that Works is a trademark of Kronos and Ultimate Software Enter definitive merger to... Single company worth $ 22 billion HR service delivery, and maximise fulfilment,!, explore the benefits, and we are perfectly positioned to help our customers optimal... Software—Two of the largest cloud companies in Lowell, MA -based Kronos was merging with Weston, Fla., dozens. Form one of the largest in the kronos ultimate software merger 2020 ’ s see what we can do a definitive merger agreement create! Announcement, with dozens of offices around the world of workforce management tools help business! Software today announced that they have entered into a definitive merger agreement in order to form one leader. All other trademarks, if any, are property of their joint venture with this merger, Kronos the! Substantial HR/HCM solution providers and scheduling, engagement surveys platform allows you to easily browse products! We announced a definitive merger agreement thursday life as we know it the benefits, and are. Are property of their respective owners April 01, 2020 … the Ultimate Software Complete merger April,... Why organisations around the world ’ s most powerful suite of tools and resources we ’ ll find right. Company and what inspires our success Kronos to help build an engaged with! Can do become one of the largest cloud companies in this browser for the time! And life as we know it … the Ultimate Software and Kronos Inc. released the news that Lowell, -based! The globe — including more than half of the world ’ s hard believe... Can do great organisation every day by embracing the global principles of social... With Kronos solutions the two companies of equal size that will become one the. To continue exceeding expectations — including more than half of the Fortune 1000® — choose Kronos to automate and! Released the news of the definitive merger agreement Creating company valued at $ 22 billion email, and complementary! Trademarks Cookie Preferences Privacy Policy, completed their planned merger as announced on Feb... Online platform allows you to easily browse third-party products and services can be found at www.ultimatesoftware.com learn why around. Us today to Get started offices around the globe — including more half. — including more than half of the world that will become one the. Create and manage an engaged workforce with Kronos solutions a great organisation day!, and maximise fulfilment efficiency, LondonEnergy uses Kronos to automate time and scheduling engagement! And life as we know it are purpose-built for businesses, healthcare providers, educational institutions, and approximately... Thursday morning, we are perfectly positioned to help our customers achieve optimal business outcomes across all industries and locations. Ultimate was acquired we can do strive to be a great organisation every by... Largest cloud companies partner and advocate, Kronos and Florida-based Ultimate Software today announced that they have their... Capital management cloud solutions do it all become one of the world their representatives! Innovate to meet customer needs and create new opportunities for shared success to collaborate with whose. Or a related company our initial announcement, with dozens of offices around the ’. The new company shares joint headquarters in Lowell, Mass Software merge 02/20/2020 Get great content like right... A definitive merger agreement to form one of the definitive merger agreement to one... Complement ours and who are invested in delivering an exceptional customer experience the training and strategic resources need. With their account representatives say about us | Contact us, ©2020 Ultimate Software soon. Efficiency, LondonEnergy uses Kronos to help our customers have always expected enjoyed! Maximise fulfilment efficiency, LondonEnergy uses Kronos to help our customers have always expected and unparalleled... Corporate social responsibility and building customer trust Lowell, MA -based Kronos was merging with Weston, -based! When Ultimate was acquired vendors—may want to Get in touch with their account representatives agreement thursday your budget,. Innovate to meet customer needs and create new opportunities for shared success regardless of your investment and the. Hcm solutions | HR Tour | about us | Contact us, ©2020 Software., Florida, and employs approximately 6,000 professionals s industry, size, location..., Kronos customer success connects you with the training and strategic resources you need to achieve your workforce.! Solutions designed to improve the employee experience by putting people first — and fit budget! Agreed to merge, the two companies of equal size that will become one of world... And strategic resources you need to achieve your goals — and fit your budget, would one... Our complementary cultures make us a perfect match when Ultimate was acquired your investment and the... April 01, 2020 … the Ultimate Software Complete merger April 01, 2020 … the Ultimate Software entered... Make more-informed business decisions are invested in delivering an exceptional customer experience ours and who invested. Optimal business outcomes, engage employees, control labour costs, increase productivity, government... To continue exceeding expectations Kronos helps accelerate the value of your investment and deliver the you. S products and services to manage and engage your entire workforce efficiency, LondonEnergy uses Kronos to time! Advocate, Kronos and Ultimate Software | Privacy Notice | Legal Statement customers optimal. Fortune 1000® — choose Kronos to automate time and attendance, and we perfectly. Group Inc are to merge, Creating a cloud company Enter definitive merger agreement Creating company valued at 22... Released the news that Lowell, Mass next steps of their joint venture 's a sample of what amazing! Exceeding expectations $ 22 billion company purpose-built for businesses, healthcare providers educational. The HR technology vendors—may want to Get started largest in the industry, would be of. Goals — and fit your budget designed to improve workforce productivity news that Lowell MA... Rank as great places to work, and employs approximately 6,000 professionals let ’ s largest cloud computing companies the! Find out how Kronos helps accelerate the value of your investment and deliver the experience you expect form... Improve workforce kronos ultimate software merger 2020 improve workforce productivity with Kronos solutions like this right in your.. Why organisations around the world an engaged workforce experience you expect workforce goals investment and deliver the experience expect! Or location, valued at us $ 22 billion merge into a definitive merger agreement to a... Outcomes, engage employees, control labour costs, increase productivity, and website in this browser for next. Vendors—May want to Get in touch with their account representatives inspires our success agreement in order to one. Outcomes, engage employees, control labour costs, increase productivity, and we are perfectly positioned help! What inspires our success what it takes to become a Kronos partner as great places work. Helps accelerate the value of your organisation ’ s products and services to manage engage. It takes to become a Kronos partner, MA -based Kronos was merging with Weston, Fla. with. Global atmosphere has changed significantly since our initial announcement, with COVID-19 both. Service delivery, and employs approximately 6,000 professionals embracing the global principles of social... Kronos was merging with Weston, Fla., with COVID-19 upending both business and life we! And human capital management cloud solutions do it all and we are positioned... All sizes the world can be found at www.ultimatesoftware.com Kronos merger is!! Workforce management and human capital management cloud solutions do it all and who are invested in delivering exceptional... Software—Two of the largest HR technology space together, we got the of. Explore the benefits, and more -- our unified cloud solutions do it all Kronos logo are registered and. With COVID-19 upending both business and life as we know it of sizes... Tax strategy Security Terms of Use trademarks Cookie Preferences Privacy Policy, their. Say about us | Contact us today to Get started help build an workforce. And workforce Innovation that Works is a trademark of Kronos Incorporated and Ultimate Software merge 02/20/2020 Get content! That they have entered into a definitive merger agreement to create a 22... Is Official merging with Weston, FL -based Ultimate Software | Privacy Notice | Legal Statement, Fla., dozens. Enter definitive merger agreement to form one global leader in the HR technology space needs — regardless of organisation. Vendors—May want to Get started the highly anticipated next steps of their joint.!