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 … About Ultimate Software. 3 Mrd. 954-331-7444 UKG (Ultimate Kronos Group)-Bürofotos auf Glassdoor. View all customers . Ultimate’s HR software-as-a-service (SaaS) offering UltiPro has deeply penetrated retail and restaurant industries and has been a staunch competitor to Workday, SuccessFactors and Oracle Cloud for large, complex clients. 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. All rights reserved. [2] Former Kronos CEO Aron Ain is the CEO and chairman of the combined company. Zusammen verfügt das neue Unternehmen über mehr als 70 Jahre Erfahrung in Lösungen für HR-Service-Delivery (HRSD), Human-Capital-Management (HCM) und Workforce-Management. The Kronos-Ultimate Software merger is a very interesting combination. As of 2017, the company employs more than 5,000 people and services 4,100 customer… LOWELL — Lowell-based Kronos Incorporated and Ultimate Software today announced that they have entered into a definitive merger agreement to … 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 specializes in HR software solutions and HR payroll to help you improve your company's human capital management and benefits administration. Kronos: Workforce Innovation That Works. [1][5] Other minority investors include GIC, Canada Pension Plan Investment Board, and JMI Equity. Benefits information above is provided anonymously by current and former UKG (Ultimate Kronos Group) employees, and may include a summary provided by the employer. STUTTGART 1. [8][9], In August, the company's name was announced as Ultimate Kronos Group (UKG), which will become effective on October 1. Kronos industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, and government agencies of all sizes. Explore Industries . The Blackstone Group, which also owned stakes in both previous companies, is the largest minority investor with a 25–20 percent stake. Angetrieben durch den neuen Slogan "Our purpose is people“ und als eines … These are the details. Kronos has its roots in Time and Attendance. Media Contact Indeed.com estimated this salary based on data from 8 employees, users and past and present job ads. In fact, when private equity firm Hellman & Friedman acquired Ultimate Software around this time last year, the writing was on the wall. Kronos In. In the recent NBA 2021 season UKG became a jersey sponsor for the Miami Heat. Kronos Incorporated and Ultimate Software have agreed to merge, creating a cloud company valued at US$22 billion. Kronos Incorporated and Ultimate Software have announced that they have entered into a definitive merger agreement to form one of the largest cloud computing companies ever. 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. Kronos Incorporated and Ultimate Software have announced that they have entered into a definitive merger agreement to form one of the largest cloud computing companies ever. A new company name will be announced in the coming months. 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. According to both companies, the move will form one of the world’s largest cloud companies, valued overall at $22 billion. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs approximately 6,000 professionals. About Ultimate Software. Kronos Incorporated and Ultimate Software have entered into an agreement to form one of the cloud companies. The new company plans to add 3,000 employees over the next three years. Close. • The new company shares joint headquarters in Lowell, Massachusetts, and Weston, Florida, with dozens of offices around the world. Ultimate Kronos Group, commonly known as UKG, is an American multinational technology company with dual headquarters in Lowell, Massachusetts and Weston, Florida. 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