IDC analysts explore recent business developments and strategic product investments that put UKG in a strong position to become a major HCM player in Europe.
Analyst Report
UKG: U.S.-Based HCM Giant Strengthens European Presence
Ultimate Kronos Group (UKG) is a top player in the U.S. human capital management (HCM) space but is still a relatively new name for European buyers that prefer local providers with strong footprints in their respective markets. Nonetheless, the company continues to steadily increase its global footprint.
As the third biggest provider of HCM solutions in the U.S., UKG has the resources to make substantial investments in research and development and to continually modify its solutions to adapt to global HCM trends. As such, UKG is well equipped to address the specific requirements of the European market and to compete in Europe with established solutions providers.
This analyst report examines UKG’s strategic moves for expanding its European presence:
- Merger or Kronos and Ultimate Software and the acquisition of Great Place to Work
- Significant investments in employee experience and DEIB solutions
- Globalization of product lines, including local compliance and multi-currency support, for key foreign markets
This informative report provides valuable insights into why European HR technology professionals must acknowledge UKG as a key HCM contender in their market.