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.
