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Kronos Incorporated corporate headquarters in Lowell, MA. Kronos was founded in 1977 by Massachusetts Institute of Technology (MIT) and Simon Business School alumnus Mark S. Ain. [5] Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history.
Former Kronos CEO Aron Ain was the CEO and chairperson of the combined company until July 1, 2022, when he stepped down as CEO to become Executive Chairperson. [4] On February 20, 2020, Ultimate Software and Kronos Incorporated announced they agreed to form a new cloud computing venture specializing in workforce management and human capital ...
Ultimate Software was founded in 1990 by Scott Scherr. In 1993, the tech company released UltiPro HRMS/payroll sold as on-premise software servicing core HR and payroll. [9]
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In 2020, Kronos completed a merger with Ultimate Software to create UKG, [17] and Ain became the chairman and chief executive officer of the combined company. UKG has more than 15,000 employees worldwide, and an enterprise value of $35 billion. On June 1, 2022, UKG announced Ain would transition to UKG Executive Chair, effective July 1, 2022.
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