Kronos® Acquires Deploy Solutions
Solidifies leadership in field-based recruiting
CHELMSFORD, Mass., Oct. 31, 2007 — Solidifying its leadership in field-based recruiting and forging deeper into the talent management market, Kronos® Incorporated today announced it has acquired Deploy Solutions Inc., a privately held company headquartered in Newton, Mass. Deploy delivers selection and hiring solutions that help organizations increase applicant flow, reduce costs, and improve quality of hires. Financial terms of the transaction were not disclosed.
"Kronos' acquisition of Deploy marks yet another exciting advancement in our talent management strategy," said Aron Ain, Kronos chief executive officer. "This acquisition fortifies our ability to help organizations hire the best people and maximize their performance." Listen to Aron Ain's audio recording about Kronos' acquisition of Deploy.
A successful software-as-a-service (SaaS) provider founded in 1997, Deploy processes a job candidate or employee request every 20 seconds. Deploy brings strengths in Kronos’ existing target markets such as retail and dining. As a result of the acquisition, Kronos expects to leverage Deploy’s expertise and technology to penetrate new markets. Deploy customers include The Home Depot, Securitas, and Wawa.
"We are excited to join forces with Kronos, a respected company with a laser-like focus on helping organizations to hire the best people and maximize their performance," said Nicole Stata, founder and former chief executive officer of Deploy. "This is a great opportunity for Deploy employees and products to make valuable, long-term contributions to Kronos, and for our customers to reap significant benefits as a result of partnering with an innovative and stable company such as Kronos."
Bringing together the best of the best
Former Deploy employees have joined Kronos' Talent Management Division, a business unit which the company created upon completion of its 2006 acquisition of Unicru, Inc. The Talent Management Division is led by Peter George, Kronos chief technology officer.
"Our integration team is delighted with how well the Deploy platform complements Kronos' existing field-based hiring offering," said George. "And, without a doubt, our existing, industry-specific behavioral assessments and workforce analytics expertise will be of great value to Deploy’s customer base. There are many synergies between our platforms and our people."
As a clear proof point of these synergies, Kronos is making an initial combined version of its Workforce Acquisition for Field Hiring and Deploy's Enterprise Talent Suite available for immediate purchase. The combined solution — Workforce Acquisition Version 8 — capitalizes on the best capabilities of each platform.
About Kronos Incorporated
Kronos Incorporated empowers organizations around the world to effectively manage their workforce. At Kronos, we are experts who are solely focused on delivering software and services that enable organizations to reduce costs, increase productivity, improve employee satisfaction, and ultimately enhance the level of service they provide. Kronos serves customers in more than 60 countries through its network of offices, subsidiaries, and distributors. Widely recognized as a market and thought leader in managing the workforce, Kronos has unrivaled reach with more than 30 million people using a Kronos solution every day. Learn more about Kronos at www.kronos.com.
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