Kronos and Ultimate Software Merge to Form $22B Software Company

Kronos Incorporated and Ultimate Software announced on Thursday that they will merge to form one of the world’s largest HR software systems. Expected to close at the end of March 2020, the merger will result in a HCM and workforce management software company valued at $22 billion, with a combined revenue of $3 billion. 

Kronos and Ultimate Software Merge to Form $22B Software Company

Kronos Incorporated and Ultimate Software announced on Thursday that they will merge to form one of the world’s largest HR software systems. Expected to close at the end of March 2020, the merger will result in a HCM and workforce management software company valued at $22 billion, with a combined revenue of $3 billion.