hands shaking over technology The combined company will be a major market competitor for other market leaders such as ADP, Workday, Oracle and Ceridian. (Photo: Shutterstock)

Big news for human resources departments: Two of the leading employee management solutions providers are joining up. Last week, Kronos and Ultimate Software announced a planned merger to create one of the world’s largest cloud providers of workforce management and human capital management services.

The deal is expected to close at the end of March, will bring together some 12,000 employees worldwide and create an enterprise valued at $22 billion. In addition, it will bring Ultimate’s UltiPro HCM and Employee Experience products under the same umbrella as Workforce Dimensions from Kronos, Kronos Workforce Ready and will put them in better position to compete with other market leaders, such as ADP, Workday, Oracle or Ceridian.

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Emily Payne

Emily Payne is the current deputy editor for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.

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