M&A

HCM giants Kronos and Ultimate Software merge

Published 2 Min Read

Key players in the HCM software industry are joining forces to create what the companies say will be one of the world’s largest cloud companies.

Kronos and Ultimate Software announced their merger agreement on Thursday. A new company name hasn’t been revealed, but the venture will be valued at $22 billion. The company will utilize Ultimate’s UltiPro HCM and Employee Experience tools, in addition to Kronos’ Workforce Dimensions and Workforce Ready in its offerings.

Kayla Webster
Freelance writer

Kayla Webster is a freelance writer based in New York City.


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form