About Kronos Incorporated Kronos is a leading provider of workforce management and human capital management cloud solutions. Automate and manage all employee-related documents. Private equity firm Hellman & Friedman, who was the controlling shareholder of both Ultimate and Kronos, is the controlling shareholder of UKG. Indeed.com estimated this salary based on data from 8 employees, users and past and present job ads. STUTTGART 1. UKG (Ultimate Kronos Group)-Bürofotos auf Glassdoor. The company was founded in April 2020 as a result of the merger of equals between Ultimate Software and Kronos Incorporated. The company is one of the largest cloud computing companies in the world. Ultimate Software and Kronos Inc. are merging in a deal creating a big new player in workplace-software products. • The new company shares joint headquarters in Lowell, Massachusetts, and Weston, Florida, with dozens of offices around the world. Ultimate Software and Kronos Inc. released the news of the definitive merger agreement Thursday. Kronos Incorporated and Ultimate Software recently announced plans to rebrand the company. Media Contact [3], 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. What do you think? Ultimate Software put People First. 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 … One comprehensive cloud solution that delivers business benefits for your organization. Visit www.kronos.com. Visit www.kronos.com . 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. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs approximately 6,000 professionals. Ultimate started in Payroll — literally launched as an alternative to ADP, where founder Scott Scherr came from. The new company plans to add 3,000 employees over the next three years. Kronos and the Kronos logo are registered trademarks and Workforce Innovation That Works is a trademark of Kronos Incorporated or a related company. Kronos has a great relationship with SAP regarding its Workforce Dimensions application. This trophy is given to the development team that creates the most creative company related technology during our 48 Hours Competition!. The combined company’s new name will be UKG (Ultimate Kronos Group), effective October 1, 2020. The Ultimate Software and Kronos Merger is Official! Earn 60+ HR credits with Ultimate's HCM Online Academy. LOWELL, Mass. and Ultimate Software are being merged by their private equity owner into a new entity. PeopleDoc, Ultimate Software und Kronos Incorporated treten ab heute gemeinsam unter der Marke UKG (Ultimate Kronos Group) auf. Ultimate & Kronos Rebrand Ultimate Software and Kronos Inc. are merging in a deal creating a big new player in workplace-software products. [4], This article is about the company. Competitors include ADP, Ceridian, Microsoft, Oracle, SAP, and Workday. UKG (Ultimate Kronos Group) Account Manager in the United States makes about $82,348 per year. 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. Yet if I needed any more evidence in my heart to know that this merger will be a success, this unprecedented situation has shown our new company’s true colors as teams at both Kronos and Ultimate have been collaborating beautifully to ensure we continue to support our customers in expected and unexpected ways while prioritizing the safety of our employees, colleagues, and our collective communities.” Supporting Resources • Please visit www.UltimateKronosTogether.com for more information, resources, and assets about the Kronos and Ultimate merger. 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 … Hear from some of the great businesses powered by Kronos technology. Domenic Locapo © 2020 Kronos Incorporated and Ultimate Software. The amalgamation of these two people-first technology companies has created the most innovative human capital management (HCM) and … [4][5][6][7] The merger was officially completed on April 1, 2020. [1][5] Other minority investors include GIC, Canada Pension Plan Investment Board, and JMI Equity. [8][9], In August, the company's name was announced as Ultimate Kronos Group (UKG), which will become effective on October 1. Employee engagement surveys with artificial intelligence (AI). 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. 954-331-7444 More information on Ultimate’s products and services can be found at www.ultimatesoftware.com. Kronos merged with Ultimate Software on April 1, 2020, to create one of the world’s most innovative HCM and workforce management companies. 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. Leadership Ain also said the company planned to primarily call itself UKG.[1]. 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. 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. 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. Workforce-Management-Software von Kronos für mehr Produktivität, Motivation, Effizienz und Kostenkontrolle bei der Mitarbeiterverwaltung. Ultimate Media Contact: Unsere Kunden Bei einem Blick auf unsere Kundenliste werden Sie feststellen, dass uns Tausende Unternehmen auf der ganzen Welt vertrauen – darunter auch über die Hälfte aller Fortune 1000®-Unternehmen. In the News Breaking News: Ultimate Software, Kronos Inc. merge The 29-year-old human capital management company, which provides a suite of tools including payroll, benefits management and talent acquisition, has more than 5,000 customers in 160 countries, and delivered $1.1 billion in revenues in 2018, up from $940 million in 2017. [2] Former Kronos CEO Aron Ain is the CEO and chairman of the combined company. domenic.locapo@kronos.com I have been working at UKG (Ultimate Kronos Group) full-time for more than 5 years Pros 100% company sponsored health, 45% match 401k benefits, Unlimited PTO plans are few of the best benefits retained from Ultimate software plans. Kronos: Workforce Innovation That Works. Kronos Incorporated and Ultimate Software have entered into an agreement to form one of the cloud companies. Multimedia Center Awards Durch den Mega-Merger von Kronos und Ultimate Software entsteht im Markt für HR-Software ein US-Unternehmen mit einem kombinierten Umsatz von ca. The combined company’s new name will become UKG (Ultimate Kronos Group) , effective October 1, 2020. The combined company, valued at $22 billion, would be one of the largest cloud computing companies in the world. 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. Tons of great salary information on Indeed.com All rights reserved. Kronos and Ultimate Software together plan to add 3,000 employees over three years in their company. About Ultimate Software Ultimate Software was an American multinational technology company that developed and sold UltiPro, a cloud-based human capital management (HCM) software system for businesses. Close. www.ultimatesoftware.com, Newsroom 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. About Ultimate Software 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. All other trademarks, if any, are property of their respective owners. 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. 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