May 7th, 2014 at 11:16 am
CHELMSFORD, Mass. — May 7, 2014 — Kronos Incorporated today announced that more than 11,000 organizations now run their workforce management solutions in the Kronos Cloud. As a result of seizing the benefits of cloud computing, these organizations are implementing their workforce goals faster and seeing a rapid return on investment. News Facts More than 11,000 organizations leverage the Kronos Cloud to transform the way they access their workforce management solutions. The Kronos Cloud is the fastest-growing aspect of the company’s business. In the past quarter, Kronos workforce management cloud revenue increased 56 percent and bookings increased 72 percent as new customers continued to deploy in the Kronos Cloud and existing customers accelerated the […]
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May 5th, 2014 at 9:44 am
CHELMSFORD, Mass., May 5, 2014 – In conjunction with Teacher Appreciation Week, Kronos Incorporated is celebrating and expressing thanks to teachers everywhere for inspiring the workforce of the future. Kronos has launched a “Thanks to a Teacher” video; honored the winner of its “Thanks to a Teacher” contest; and released the results of its “The Academic Program That Inspired You” survey. News Facts Thanks to a Teacher video Kronos created this video greeting as a way to express thanks to all teachers for the important role they play in fostering a learning environment that inspires the workforce of the future. Kronos encourages viewers to share the video with teachers who inspired them. Thanks to a Teacher […]
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May 1st, 2014 at 3:36 pm
Kronos Incorporated announced that the company has reached more than $1 billion in annual revenue for the first time in its 36-year history. Kronos, located in Chelmsford, MA has more than 40,000 customers worldwide with over 11,000 customers having been signed in Kronos’ cloud-based software offering during the past four years. “That’s the fastest-growing part of our business,” according to Kronos CEO Aron Ain. “Kronos is delighted to join the exclusive group of software companies that have grown beyond $1 billion in annual revenue and the first vendor to do so in the workforce management market. Through innovation and focus on delivering tangible value to our customers, we are now […]
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April 7th, 2014 at 9:20 am
CHELMSFORD, Mass., April 7, 2014 – Kronos Incorporated today announced that Callaway Golf Company, a leading manufacturer of premium golf equipment, has selected its solutions deployed in the Kronos Cloud to globally standardize workforce management processes. News Facts Callaway Golf selected Kronos time and attendance and absence management applications to accurately collect employee time-worked data and minimize compliance risks associated with leave laws. The Kronos solution will integrate with Callaway Golf’s SAP ERP system, improving the overall accuracy of labor data entering the ERP system. Callaway Golf is deploying the Kronos applications in the Kronos Cloud, allowing Kronos to perform all configuration, maintenance, upgrades, and support of the workforce management solution. This will […]
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March 18th, 2014 at 9:20 am
CHELMSFORD, Mass., March 18, 2014 — Kronos Incorporated today announced that it has been awarded the U.S. Communities Government Purchasing Alliance workforce management contract. This is the first time that the U.S. Communities has provided a competitively solicited contract for workforce management technology. Maryland’s Harford County Public Schools served as the lead public agency conducting the solicitation and evaluation process. News Facts The U.S. Communities Government Purchasing Alliance is a government purchasing cooperative that reduces the cost of goods and services by aggregating the purchasing power of public agencies nationwide. Kronos was awarded the contract based on the company’s unparalleled market leadership in the public sector with thousands of successful […]
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March 3rd, 2014 at 8:19 am
CHELMSFORD, Mass., Feb. 24, 2014 – What: Director of The Workforce Institute at Kronos Incorporated, Joyce Maroney, welcomes board members Bob Clements and William Tincup as guests on Workforce Institute Radio to discuss workforce management in the cloud. Among the issues they will discuss: How to determine if moving workforce management to the cloud is right for your organization; What they are hearing from organizations who have made the leap to the cloud – both good and bad; and Practical advice on how to make the move successfully. When: Available now Where: The Workforce Institute blog site Why: The Workforce Institute provides research and education on critical workplace issues facing organizations around the globe. By bringing together thought […]
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February 20th, 2014 at 3:53 pm
CHELMSFORD, Mass., Feb. 20, 2014 – Kronos Incorporated1 today announced that it has entered into a definitive agreement to effect a recapitalization of the company through a $750 million equity investment by funds managed by Blackstone (NYSE:BX) and GIC. Blackstone and GIC will invest in Kronos alongside the original investors Hellman & Friedman and JMI Equity. Hellman & Friedman will remain the majority investor in the company. News Facts The addition of Blackstone and GIC as investors in Kronos brings further global expertise, resources, and insight to the company. The new investment by Blackstone and GIC will enable Kronos to accelerate the pace of innovation that has fueled its growth […]
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February 5th, 2014 at 12:40 pm
CHELMSFORD, Mass., Feb. 5, 2014 — Kronos Incorporated today announced financial results, company advancements, and customer successes for the first quarter of Fiscal 2014. Kronos revenue for the quarter increased 9 percent to $243.4 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) increased 18 percent to $78.7 million. “Kronos experienced a tremendous start to Fiscal 2014, with superior execution across our global operation,” said Aron Ain, Kronos chief executive officer. “The significant investments we have been making in key strategic areas – such as bringing unprecedented innovation and ease of use to workforce management applications; extending our Kronos Cloud solutions; continuing to expand our deep vertical market expertise; expanding […]
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January 27th, 2014 at 9:28 am
The Workforce Institute At Kronos Explores Challenges Organizations Face With Affordable Care Act Compliance What: Director of The Workforce Institute at Kronos Incorporated, Joyce Maroney, welcomes board member Dr. Tim Porter O’Grady and Kronos senior director of compensation, benefits and HRIS, Jim Rowe, as guests on Workforce Institute Radio to discuss the Affordable Care Act (ACA) and the impact on human resources professionals and the healthcare community in the coming year. What are some of the common misconceptions about compliance; What are some of the challenges that human resource leaders already face with regard to complying with ACA; What are some of the challenges that the healthcare community is facing in regards to […]
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January 21st, 2014 at 7:49 am
CHELMSFORD, Mass., Jan. 20, 2013 – Serving more than three million public sector employees across federal, state, and local government agencies, as well as K-12 and higher education institutions, Kronos Incorporated today announced the top trends and issues that will impact the public sector workforce in 2014. Videos related to these trends are also available. Top Trends for 2014 Open Data Governance – Citizen engagement is a growing theme in the public sector and this is driving the concept of open data, creating an environment of “open government”. In several cities, residents are already taking an active role in improving the community. For example, one leading city government is piloting a mobile application that collects road […]
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