Who owns Kronos?
Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide. Who owns Kronos? Kronos was founded in 1977 by the Massachusetts Institute of Technology (MIT) and Simon Business School alumnus Mark S. Ain. Under Mark Ain’s leadership, Kronos…
Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.
Who owns Kronos?
Kronos was founded in 1977 by the Massachusetts Institute of Technology (MIT) and Simon Business School alumnus Mark S. Ain. Under Mark Ain’s leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history.
Ultimate Kronos Group, the product of the 2020 merger of Kronos and Ultimate Software, is still owned by a private equity firm. The company has been under the executive leadership of CEO Aron Ain since 2005.
In 2007, Ain was instrumental in negotiating the $1.8 billion sale of Kronos to Hellman & Friedman, which took the company off the Nasdaq to become private again. In 2012, Ain received the Ernst & Young Entrepreneur of the Year Award for New England. Glassdoor also ranked Ain at number 18 on its “Highest-rated CEO” listing in 2016.
