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®. Every client has unique needs. See a complete list of Kronos trademarks. The Ultimate Software and Kronos Merger is Official! Workforce Ready suite and services are provided by Kronos SaaShr, a Kronos Company.© 2003-2021, Kronos Incorporated. The new company … Find out what it takes to become a Kronos partner. + 1 978.947.4777 Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs approximately 6,000 professionals. + 1 978.947.4777 Kronos: Workforce Innovation That Works. For more information on GIC, please visit www.gic.com.sg or LinkedIn. The new company shares joint headquarters in Lowell, Mass. [email protected], Kronos Sales:  We’re not your average technology vendor. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. and Weston, Fla., with dozens of offices around the world. 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. & 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 … We’re your partner. Boba Tea Company sees sales leap and increased HR efficiencies with improved scheduling and HR processes. 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 Darlene Marcroft  Kronos: Workforce Innovation That Works. 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. All rights reserved. Great businesses are powered by great people. See a complete list of Kronos trademarks. The combined company will have enhanced scale and an even stronger position in the fast-growing HCM marketplace. 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. 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. 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. In order to build diversified portfolios of assets, investments in public equities, private equities, real estate, infrastructure and fixed income instruments are made by CPP Investments. Visit www.kronos.com. Learn how we strive to be a great organization every day by embracing the global principles of corporate social responsibility and building customer trust. 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 … Use our ROI tool to determine in just minutes how much you could save by investing in modern HR and workforce management technology. 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. Terms of Use [email protected], Kronos Sales:  We're excited to collaborate with partners whose strategy and goals complement ours and who are invested in delivering an exceptional customer experience. Kronos Incorporated and Ultimate Software today announced that they have entered into a definitive merger agreement to form one of the worlds largest cloud companies. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com. Your partner and advocate, UKG Customer Success connects you with the training and strategic resources you need to achieve your workforce goals. 01:23 All rights reserved. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com. For more information about CPP Investments, please visit www.cppinvestments.com or follow us on LinkedIn, Facebook or Twitter. Our human capital management (HCM) software provides an end-to-end employee lifecycle management solution. Learn why organizations around the globe — including more than half of the Fortune 1000® — choose Kronos to help build an engaged workforce. 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. Review the criteria, explore the benefits, and contact us today to get started. Together, we innovate to meet customer needs and create new opportunities for shared success. Kronos and Ultimate each have a proven track record of delivering the industry’s most innovative solutions to help organizations around the world drive better business outcomes, achieve a competitive advantage and create engaged workforces. Online platform allows you to easily browse third-party products and services from our Kronos Technology Partners. Boba Tea Company sees sales leap and increased HR efficiencies with improved scheduling and HR processes. Terms of Use Security Create and manage an engaged workforce with Kronos solutions. Ultimate Kronos Group. www.kronos.com, Ultimate Media Contact: UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks, if any, are property of their respective owners. Kronos is a leading provider of workforce management and human capital management cloud solutions. 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. Hellman & Friedman (H&F) is a preeminent global private equity firm with a distinctive investment approach focused on large-scale equity investments in high-quality growth businesses. 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. Hellman & Friedman LLC (H&F), the controlling shareholder of both Kronos and Ultimate, will be the controlling shareholder of the newly formed company. Learn why organizations around the globe — including more than half of the Fortune 1000® — choose Kronos to help build an engaged workforce. [email protected], Ultimate Sales:  Working together we’ll find the right solution to achieve your goals — and fit your budget. Security Morgan Stanley & Co. LLC (for Kronos) and Goldman Sachs & Co. LLC (for Ultimate) acted as financial advisors and Simpson Thacher & Bartlett LLP acted as legal counsel on the transaction. Kronos industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, and government agencies of all sizes. The Kronos-Ultimate Software merger is a very interesting combination. Kronos offers the industry’s most powerful suite of tools and services to manage and engage your entire workforce. Online platform allows you to easily browse third-party products and services from our Kronos Technology Partners. [email protected], Ultimate Sales:  Kronos and Ultimate Software recently entered a definitive merger agreement to create a $22 billion company. Kronos Media Contact:  The YMCA of Greater Boston gains improved efficiency, accuracy, and compliance using Kronos Workforce Ready. Learn more about our company and what inspires our success. Blackstone is one of the world’s leading investment firms. About six months ago, HCM giants Kronos and Ultimate Software announced they would merge in a record, industry-changing merger valued at $22 billion. +1 954.331.7444  To Jason’s point, they have very complementary cultures. must read: After inflammatory tweets, Twitter threatens Donald Trump with "permanent suspension" Top three takeaways from the Kronos-Ultimate merger announcement Kronos In. Domenic Locapo We have a product to fit your needs — regardless of your organization’s industry, size, or location. 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. www.ultimatesoftware.com. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. Privacy Policy. Visit www.kronos.com. Our human capital management (HCM) software provides an end-to-end employee lifecycle management solution. Kronos is a leading provider of workforce management and human capital management cloud solutions. All rights reserved. Read their success stories. 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. Proven Kronos Workforce Management solutions help meet your workforce needs regardless of your industry or where you do business. 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