Kronos offers the industry’s most powerful suite of tools and services to manage and engage your entire workforce. www.kronos.com, Ultimate Media Contact: Partners are key extensions of our team. 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. www.ultimatesoftware.com. 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 is a leading provider of workforce management and human capital management cloud solutions. [email protected], Ultimate Sales:  Combining two exceptional, highly compatible cultures will create a company that is. Learn how we strive to be a great organization every day by embracing the global principles of corporate social responsibility and building customer trust. The YMCA of Greater Boston gains improved efficiency, accuracy, and compliance using Kronos Workforce Ready. We have a product to fit your needs — regardless of your organization’s industry, size, or location. Domenic Locapo We’re not your average technology vendor. Aron Ain, longtime Kronos chief executive officer, will be the chief executive officer and Chairman of the combined company – guiding an experienced executive team comprised of leaders from both Ultimate and Kronos. Kronos Media Contact:  Further information is available at www.blackstone.com. Ultimate Software and Kronos Inc. are merging in a deal creating a big new player in workplace-software products. Online platform allows you to easily browse third-party products and services from our Kronos Technology Partners. Hellman & Friedman LLC (H&F), the controlling shareholder of both Kronos and Ultimate, will be the controlling shareholder of the newly formed company. Great businesses are powered by great people. GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. 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. [email protected], Ultimate Sales:  Kronos is a leading provider of workforce management and human capital management cloud solutions. We're excited to collaborate with partners whose strategy and goals complement ours and who are invested in delivering an exceptional customer experience. The two companies have announced a … You've probably heard the news: Ultimate Software and Kronos are now UKG ™. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com. Headquartered in Singapore, GIC employs over 1,500 people across 10 offices in key financial cities worldwide. We’re your partner. and Weston, Fla., with dozens of offices around the world. 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. Partners are key extensions of our team. +1 954.331.7444  Ultimate started in Payroll — literally launched as an alternative to ADP, where founder Scott Scherr came from. Create and manage an engaged workforce with Kronos solutions. MarketSource leverages technology solutions to optimize scheduling of part-time employees at retail client sites. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com. Use our ROI tool to determine in just minutes how much you could save by investing in modern HR and workforce management technology. 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 We’re your partner. Security Kronos Incorporated and Ultimate Software have agreed to merge, creating a cloud company valued at US$22 billion. 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. See a complete list of Kronos trademarks. Darlene Marcroft  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. + 1 800.432.1729  Kronos and the Kronos logo are registered trademarks and Workforce Innovation That Works is a trademark of Kronos Incorporated or a related company. Use our ROI tool to determine in just minutes how much you could save by investing in modern HR and workforce management technology. 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. 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 … Access the tools and resources we’ve developed to help our customers make more-informed business decisions. Every client has unique needs. Read the Gartner Magic Quadrant report that names UKG a Leader in cloud HCM suites for the fourth consecutive year. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs approximately 6,000 professionals. Working together we’ll find the right solution to achieve your goals — and fit your budget. 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. Trademarks 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. Since its founding in 1984, H&F has raised over $50 billion of committed capital, invested in over 90 companies, and is currently investing its ninth fund, with $16.5 billion of committed capital. Find out what it takes to become a Kronos partner. Kronos Media Contact:  Workforce Ready suite and services are provided by Kronos SaaShr, a Kronos Company.© 2003-2021, Kronos Incorporated. 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. Privacy Policy. 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 YMCA of Greater Boston gains improved efficiency, accuracy, and compliance using Kronos Workforce Ready. Once the merger between the Kronos and Ultimate Software closes, the combined company will have revenues of $3bn with more than 12,000 employees worldwide. Darlene Marcroft  The new company will be jointly headquartered in Lowell, Mass. Kronos: Workforce Innovation That Works. Learn why organizations around the globe — including more than half of the Fortune 1000® — choose Kronos to help build an engaged workforce. 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. 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 more effectively with an unparalleled combination of cloud solutions. 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. 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 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. www.ultimatesoftware.com. 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. Boba Tea Company sees sales leap and increased HR efficiencies with improved scheduling and HR processes. A new company name will be announced in the coming months. All rights reserved. Our human capital management (HCM) software provides an end-to-end employee lifecycle management solution. Our human capital management (HCM) software provides an end-to-end employee lifecycle management solution. Kronos and the Kronos logo are registered trademarks and Workforce Innovation That Works is a trademark of Kronos Incorporated or a related company. Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits in the best interests of 20 million contributors and beneficiaries. To Jason’s point, they have very complementary cultures. Review the criteria, explore the benefits, and contact us today to get started. 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. Learn why organizations around the globe — including more than half of the Fortune 1000® — choose Kronos to help build an engaged workforce. 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. All other trademarks, if any, are property of their respective owners. +1 954.331.7444  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. 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. Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labor management, as well as HR service delivery solutions. All rights reserved. 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®. At December 31, 2019, the CPP Fund totalled $420.4 billion. 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. Find out how Kronos helps accelerate the value of your investment and deliver the experience you expect. 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. and WESTON, Fla., 20 Feb, 2020 Blackstone is one of the world’s leading investment firms. [email protected], Kronos Sales:  All rights reserved. The new company shares joint headquarters in 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. The new company … completed their planned merger as announced on Feb. 20. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs approximately 6,000 professionals. Ultimate Software and Kronos Inc. released the news of the definitive merger agreement Thursday. 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 … Read the Gartner Magic Quadrant report that names UKG a Leader in cloud HCM suites for the fourth consecutive year. Kronos Incorporated and Ultimate Software, two major vendors of Human Capital Management (HCM) software, have entered into a definitive merger agreement, the companies announced. And as Harry said, they served somewhat different markets. Dive Brief: Massachusetts-based Kronos and Florida-based Ultimate Software will soon merge, the pair announced Feb. 20.The two organizations have a … For more information on GIC, please visit www.gic.com.sg or LinkedIn. The combined company will have enhanced scale and an even stronger position in the fast-growing HCM marketplace. Domenic Locapo + 1 978.947.4777 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. JMI Equity is a growth equity firm focused on investing in leading software companies. 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®. © 2020 Kronos Incorporated and Ultimate Software. 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. Your partner and advocate, UKG Customer Success connects you with the training and strategic resources you need to achieve your workforce goals. 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. Workforce Ready suite and services are provided by Kronos SaaShr, a Kronos Company.© 2003-2021, Kronos Incorporated. H&F targets outstanding businesses in select sectors including software & technology, financial services, healthcare, retail & consumer, and other business services. 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. 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. [email protected], Kronos Sales:  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. 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. Learn more about our company and what inspires our success. As a disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. Together, we innovate to meet customer needs and create new opportunities for shared success. 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. For more information about CPP Investments, please visit www.cppinvestments.com or follow us on LinkedIn, Facebook or Twitter. Visit www.kronos.com. + 1 800.432.1729  Kronos: Workforce Innovation That Works. 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. The Ultimate Software and Kronos Merger is Official! 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. Ultimate Kronos Group. + 1 978.947.4777 GIC has investments in over 40 countries. Find out what it takes to become a Kronos partner. 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. and Weston, Fla., with dozens of offices around the world. Review the criteria, explore the benefits, and contact us today to get started. Read their success stories. MarketSource leverages technology solutions to optimize scheduling of part-time employees at retail client sites. We have a product to fit your needs — regardless of your organization’s industry, size, or location. Great businesses are powered by great people. Security Terms of Use Now, the two companies are unveiling the highly anticipated next steps of their joint venture. Kronos offers the industry’s most powerful suite of tools and services to manage and engage your entire workforce. 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. must read: After inflammatory tweets, Twitter threatens Donald Trump with "permanent suspension" Top three takeaways from the Kronos-Ultimate merger announcement Kronos In. Every client has unique needs. Follow Blackstone on Twitter @Blackstone. Kronos industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, and government agencies of all sizes. 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. Users of Kronos and Ultimate Software—two of the largest HR technology vendors—may want to get in touch with their account representatives. Create and manage an engaged workforce with Kronos solutions. Feb 20, 2020 5:05PM EST (RTTNews) - Kronos Incorporated (KRON) and Ultimate Software have entered into a definitive merger deal. We do this by using extraordinary people and flexible capital to help companies solve problems. All rights reserved. Kronos has its roots in Time and Attendance. Learn more about our company and what inspires our success. Your partner and advocate, UKG Customer Success connects you with the training and strategic resources you need to achieve your workforce goals. See a complete list of Kronos trademarks. Terms of Use 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. + 1 800.225.1561 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. Proven Kronos Workforce Management solutions help meet your workforce needs regardless of your industry or where you do business. Kronos and Ultimate Software recently entered a definitive merger agreement to create a $22 billion company. Access the tools and resources we’ve developed to help our customers make more-informed business decisions. Read their success stories. Visit www.kronos.com. For more information visit jmi.com. According to both companies, the move will form one of the world’s largest cloud companies, valued overall at $22 billion. LOWELL, Mass. Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labor management, as well as HR service delivery solutions. Privacy Policy. 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. More-Informed business decisions the world in touch with their account representatives shares headquarters. You need to achieve your goals — and fit your needs — regardless of your investment and deliver experience!, 2019, the two companies are unveiling the highly anticipated next steps of respective... Entire workforce H & F ’ s leading investment firms value of your investment deliver... Florida, and compliance using Kronos workforce management technology customer experience companies into industry leaders innovate. 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