In 2007, Kronos was acquired by private equity firms Hellman & Friedman and JMI Equity, a move which enabled the company to grow more rapidly by investing more funds back into the business. In 2013, Kronos completed its 65th acquisition. In 2014, private equity firms Blackstone and GIC invested in Kronos alongside Hellman & Friedman and JMI Equity. In the transaction, Kronos was valued at $4.5 billion.
The company now employs more than 4,000 "Kronites" around the world and has technology centers in India, Montreal, and the U.S.
Kronos has a fundamental belief that staying competitive is complex, and a company's workforce management system shouldn't have to be. With that belief in mind, Kronos has been delivering game-changing products that are easy to use and own.
With its intense focus on continuous innovation, Kronos has facilitated a revolution in how organizations manage their workforce. Harnessing the power and intuitiveness of consumer-based technologies, the company has developed innovative solutions that instantly engage users through a familiar and inviting user experience. This next generation of Kronos workforce management solutions leverages real-time data to guide decision-making for managers. And the solutions enable organizations to manage in the moment, providing on-the-go access and communication between managers and employees.
Kronos now helps organizations in more than 100 countries to control labor costs, minimize compliance risk, and improve workforce productivity. The Kronos steadfast focus on helping customers achieve their objectives has resulted in the company being recognized as an organization that offers exceptional customer service and consistently exceeds customer expectations.
Today, as a $1 billion global enterprise software company, Kronos is widely recognized by industry analysts as the global leader in the workforce management market. More than 35 million people around the world use a Kronos solution every day.
Kronos. Workforce Innovation That Works.