It’s hard to believe nearly two months have passed since we announced a definitive merger agreement between Ultimate Software and Kronos Incorporated! With this merger, we have brought together two great people companies to form one global leader in the HR technology space.
The global atmosphere has changed significantly since our initial announcement, with COVID-19 upending both business and life as we know it. Yet, despite the world of work changing seemingly overnight, our new company — official as of April 1st — remains as committed as ever to continual innovation, caring for our people, and going above and beyond for our customers.
Combining our companies allows us to create the industry’s most powerful suite of HR applications, fuel innovation through our combined resources, and deliver exceptional customer service. This merger is the first step in reaching our aspiration to become one of the world’s largest and most effective cloud companies, while setting the standard as one of the greatest people companies in the world.
Our mission as a combined organization is to continue to show the world the power of putting people first — with a focus on exceptional culture and employee experiences. Both Ultimate and Kronos consistently rank as great places to work, and our complementary cultures make us a perfect match. We believe that when your employees have genuinely positive and meaningful experiences at work, they are encouraged and empowered to go above and beyond — that prioritizing the employee experience directly improves customer experience.
Combining our collective workforce management and human capital management (HCM) solutions allows us to create the industry’s most powerful suite of HR applications. Both organizations have a proven track record of delivering the industry’s most innovative solutions, with Kronos’ best-in-class workforce management solution and Ultimate’s recognition as a world-class leader in HCM. By combining our product offering, we are offering our customers a differentiated, best-in-class, full-suite solution that integrates the strongest functionality across all areas and meets the diverse needs of all our customers.
By effectively doubling our manpower and financial resources (we are now one of the largest companies in our industry, with more than 12,000 employees worldwide!), we are perfectly positioned to help our customers achieve optimal business outcomes across all industries and geographical locations. By bringing together the top talent in the industry, we will learn from each other and serve our customers in new and innovative ways. Our customers have always expected and enjoyed unparalleled levels of care, and we are excited to continue exceeding expectations.
The strength of our combined talents is already redefining the industry and proving that company culture is the most powerful catalyst for business transformation and success. By continuing to invest in the innovation of HCM and workforce management solutions, bringing together world-class talent, and championing a people-centric culture, this merger will set the global standard for what it means to be a customer-focused organization.
Thank you for joining us on this journey!