Thecombined company will be a major market competitor for other marketleaders such as ADP, Workday, Oracle and Ceridian. (Photo:Shutterstock)
Big news for human resources departments: Two of the leadingemployee management solutions providers are joining up. Last week,Kronos and Ultimate Software announced a planned merger to create one of theworld's largest cloud providers of workforce management and humancapital management services.
The deal is expected to close at the end of March, will bringtogether some 12,000 employees worldwide and create an enterprisevalued at $22 billion. In addition, it will bring Ultimate'sUltiPro HCM and Employee Experience products under the sameumbrella as Workforce Dimensions from Kronos, Kronos WorkforceReady and will put them in better position to compete with othermarket leaders, such as ADP, Workday, Oracle or Ceridian.
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Emily Payne
Emily Payne is director, content analytics 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.
