27:
229:
287:, who did not hire the job applicant and used a Kronos assessment as part of its hiring process. Kronos, which was not a party to the litigation, objected to the EEOC's subpoena on the basis that the information requested was irrelevant, and production would require Kronos to disclose protected trade secret information.
346:
which disabled the functionality of the Kronos
Private Cloud software for "up to several weeks". This breach forced many Kronos customers including municipalities, universities, and private employers to resort to alternative methods, including issuance of paper checks, to properly pay their
613:
1003:
1176:
932:
766:
1050:
866:
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244:
alumnus Mark S. Ain. Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history.
421:
1216:
1181:
545:"Kronos(R) Announces Executive Succession Plan; Mark Ain to Become Executive Chairman; Aron Ain to Become Chief Executive Officer; Paul Lacy to Become President"
446:
276:
910:
302:
and JMI Equity. In the transaction, Kronos was valued at $ 4.5 billion. This was the first year that the company achieved $ 1 billion in annual revenue.
1151:
985:
1156:
688:
1011:
407:
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544:
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526:
940:
1211:
1166:
791:
558:
280:
1206:
1201:
1196:
584:
911:"Kronos Acquires Australian Workforce Solutions Business of Simplex International Pty. Ltd. in Completion of 2001 Transaction"
237:
1146:
1025:
489:
740:
310:
1171:
342:
On
December 13, 2021, Kronos announced that, on December 11, it was discovered that Kronos had been subject to a
614:"Third Circuit Enforces EEOC Subpoena Seeking Test-Maker's Files on Employee Selection Tests Used by Employer"
815:
279:
enforced a subpoena seeking production of documents by Kronos, Inc., in an administrative charge before the
639:
335:. The tool analyzes work and attendance records of employees who test positive (or presumed positive) for
1100:
1076:"Kronos Acquires Global Casino Resort Industry Leader Digital Instinct and its Virtual Roster Product"
714:
1051:"Kronos Acquires Financial Management Solutions Inc. to Deepen Financial Services Industry Expertise"
867:"Kronos Acquires Financial Management Solutions Inc. to Deepen Financial Services Industry Expertise"
306:
198:
963:
665:
336:
209:
841:
283:
alleging disability discrimination. The charge was brought by an individual job applicant against
892:
134:
268:
In March 2007, Kronos went private again, bought out for US$ 1.74 billion by the lead investor
37:
314:
299:
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241:
217:
202:
156:
110:
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194:
8:
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Kronos has conducted a number of acquisitions, with some of the most notable including:
295:
467:
328:
321:
213:
89:
1004:"Kronos Extends Workforce Management Market Leadership With Acquisition of TimeLink"
595:
408:"Kronos Has Record 2019: Annual Recurring Revenue Crosses $ 1 Billion | Kronos"
689:"From Mill City to Innovation Hub: Relocating a Global Headquarters Outside Boston"
447:"Kronos Employees Say Culture, Vision, and Innovation Drive Outstanding Engagement"
332:
893:"Kronos Acquires Public Safety Scheduling Leader PDSI and its TeleStaff Product"
500:
248:
842:"Kronos hack will likely affect how employers issue paychecks and track hours"
1140:
265:
Aron Ain, succeeded his brother Mark Ain as chief executive officer in 2005.
26:
422:"Kronos To Hit $ 1.5B In Revenue In $ 22.5B Human Capital Software Market"
305:
In 2017, Kronos moved its corporate headquarters from the nearby town of
255:
and, in 1985, delivered its first PC-based time and attendance product.
1101:"Kronos acquires OptiLink to strengthen workforce management offerings"
343:
252:
228:
216:
and that the combined company would be led by Aron Ain and be called
130:
205:, United States, which employed more than 6,000 people worldwide.
819:
792:"Kronos unveils contact tracing to track COVID-19 spread at work"
738:
331:, Kronos introduced an automated report-generating tool to aid
284:
259:
986:"Kronos Acquires SMB Workforce Management Leader SaaShr.com"
362:
The
Workforce Solutions software division of SimplexGrinnell
527:"Aron Ain of Kronos: The Incalculable Value of a Good Boss"
1177:
Multinational companies headquartered in the United States
1129:
177:
339:
to generate a report of potentially affected co-workers.
99:
232:
220:. The merger was officially completed on April 1, 2020.
767:"Kronos introduces employee contact-tracing capability"
739:
Gottfried, Miriam; Lombardo, Cara (February 20, 2020).
637:
324:
and that the combined company will be led by Aron Ain.
320:
In
February 2020, the company announced a merger with
481:
933:"Kronos Acquires Stromberg from Paychex…from Kronos"
592:
UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT
258:
In 1992, Kronos became a publicly-traded company on
840:Sullivan, Becky; Franklin, Jonathan (2021-12-16).
16:Workforce management software and services company
680:
317:, consolidating multiple offices under one roof.
1138:
839:
611:
1217:Defunct software companies of the United States
1182:Privately held companies based in Massachusetts
961:
741:"Two Big Workplace-Software Providers to Merge"
715:"HCM giants Kronos and Ultimate Software merge"
359:Principal Decision Systems International (PDSI)
712:
686:
638:Mike Spector; Gillian Tan (20 February 2014).
378:Time Link International Corporation (TimeLink)
1026:"Kronos Acquires Empower Software Solutions"
559:"Today In Business - Buyout Deal For Kronos"
490:"THE BIG THREE: MICROSOFT, SAP- AND KRONOS?"
384:Financial Management Solutions, Inc. (FMSI)
247:In 1979, Kronos delivered the world's first
816:"Kronos Private Cloud Status Updates | UKG"
487:
208:In February 2020, the company announced a
25:
1152:Software companies based in Massachusetts
1157:Companies based in Lowell, Massachusetts
439:
227:
663:
272:and the secondary investor JMI Equity.
1192:American companies established in 1977
1162:Software companies established in 1977
1139:
962:Kizielewiz, Jim (September 22, 2004).
864:
789:
764:
666:"Kronos hits $ 1 billion revenue mark"
577:
524:
687:Hoban, Michael (September 20, 2017).
238:Massachusetts Institute of Technology
1187:1977 establishments in Massachusetts
713:Webster, Kayla (February 21, 2020).
612:Offer, Meghan O. (October 2, 2012).
547:. Business Wire. September 14, 2005.
327:In April 2020, as a response to the
13:
1212:Private equity portfolio companies
1167:Human resource management software
955:
939:. October 14, 2009. Archived from
640:"Blackstone, GIC Invest in Kronos"
585:"Appellant v. KRONOS INCORPORATED"
525:Bryant, Adam (September 9, 2016).
14:
1228:
1121:
1010:. August 20, 2013. Archived from
551:
537:
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201:cloud provider headquartered in
1093:
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594:. June 26, 2012. Archived from
350:
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449:. Businesswire.com. 2015-05-12
414:
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290:In 2014, private equity firms
277:Third Circuit Court of Appeals
236:Kronos was founded in 1977 by
193:was an American multinational
1:
1207:2020 mergers and acquisitions
1202:2007 mergers and acquisitions
1197:1992 initial public offerings
1105:www.healthcarefinancenews.com
765:Sarkar, Brinda (2020-04-29).
394:
387:Digital Instinct Pty. Limited
298:invested in Kronos alongside
1130:Kronos Inc official web site
964:"Kronos acquires 3i systems"
818:. 2021-12-14. Archived from
7:
1147:Business software companies
790:Golden, Ryan (2020-04-30).
10:
1233:
381:Empower Software Solutions
223:
1172:Cloud computing providers
966:. Boston Business Journal
172:
162:
152:
144:
121:
105:
95:
84:
69:
61:
43:
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24:
504:(September/October 2003)
199:human capital management
73:April 1, 2020
300:Hellman & Friedman
270:Hellman & Friedman
233:
157:Hellman & Friedman
148:$ 1.433 billion (2019)
49:; 46 years ago
865:Ray-Ghosal, Indrani.
719:Employee Benefit News
315:Lowell, Massachusetts
242:Simon Business School
231:
218:Ultimate Kronos Group
203:Lowell, Massachusetts
111:Lowell, Massachusetts
100:Ultimate Kronos Group
47:October 31, 1977
943:on November 17, 2014
618:Employment Law Watch
195:workforce management
1014:on August 22, 2016.
745:Wall Street Journal
693:Urban Land Magazine
644:Wall Street Journal
601:on October 4, 2013.
191:Kronos Incorporated
164:Number of employees
21:
20:Kronos Incorporated
873:. CHELMSFORD, Mass
771:The Economic Times
563:The New York Times
531:The New York Times
410:. 6 November 2023.
311:Cross Point Towers
234:
19:
992:. March 28, 2012.
506:on March 29, 2004
497:Software Business
344:ransomware attack
329:COVID-19 pandemic
322:Ultimate Software
214:Ultimate Software
188:
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90:Ultimate Software
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565:. March 24, 2007
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913:(Press release)
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468:"Meet Mark Ain"
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333:contact tracing
285:Kroger Food Co.
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1122:External links
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1080:www.kronos.com
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1055:www.kronos.com
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1008:www.kronos.com
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899:. 2 May 2011.
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599:(No. 11-2834)
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724:February 24,
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508:. Retrieved
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351:Acquisitions
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190:
189:
168:6,000 (2019)
106:Headquarters
88:Merged with
34:Company type
672:19 December
649:18 December
431:19 December
347:employees.
65:Mark S. Ain
1141:Categories
877:January 5,
851:2021-12-31
826:2021-12-31
801:2020-06-17
776:2020-06-17
453:2018-03-18
395:References
368:3i Systems
307:Chelmsford
292:Blackstone
253:time clock
240:(MIT) and
123:Key people
77:2020-04-01
54:1977-10-31
1035:March 24,
970:March 18,
947:March 18,
937:HRchitect
750:March 10,
698:March 18,
668:. Fortune
623:March 18,
569:March 18,
365:Stromberg
96:Successor
1085:July 27,
1060:July 27,
917:18 March
473:18 March
390:OptiLink
337:COVID-19
131:Aron Ain
796:HR Dive
309:to the
251:-based
224:History
180:.kronos
173:Website
145:Revenue
75: (
70:Defunct
62:Founder
52: (
44:Founded
38:Private
871:Kronos
426:Forbes
260:NASDAQ
210:merger
588:(PDF)
493:(PDF)
212:with
153:Owner
1112:2020
1087:2017
1062:2017
1037:2016
972:2018
949:2018
919:2018
879:2017
752:2020
726:2020
700:2018
674:2019
651:2019
625:2018
571:2018
512:2007
475:2018
433:2019
375:.com
371:SaaS
294:and
281:EEOC
197:and
182:.com
116:U.S.
85:Fate
846:NPR
313:in
296:GIC
178:www
135:CEO
1143::
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
