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Company Overview of Kronos Incorporated
Kronos Incorporated provides workforce management solutions in the cloud. The company offers time and attendance, scheduling, absence management, human resource (HR) and payroll, hiring, and labor analytics applications. Its products include Workforce Absence Manager solution, which helps to automate and streamline the application of attendance and leave policies; Workforce HR and Workforce Payroll, which automates administrative processes; Workforce Analytics, which provides insights for informed and fact-based decisions; Workforce Talent Acquisition, a hiring and selection tool for various industries; Workforce Task Management to Workforce Tablet that empowers retailers to manage location-...
297 Billerica Road
Chelmsford, MA 01824
Founded in 1977
Key Executives for Kronos Incorporated
Chief Executive Officer and Director
Founder and Chairman of the Board of Directors
Vice President and General Counsel
Chief Marketing Officer and Senior Vice President
Compensation as of Fiscal Year 2013.
Kronos Incorporated Key Developments
Blackstone And GIC Reportedly Eye Minority Stake In Kronos
Feb 20 14
The Blackstone Group, Private Equity Group and GIC Pte. Ltd. are in advanced discussions to acquire minority stakes in Kronos Incorporated valuing the company round $4.5 billion, including debt, three people familiar with the matter said. Blackstone and GIC together plan to invest $750 million for just over 40% stake in Kronos and a deal is expected to be announced as early as this week, one of the sources said. Hellman & Friedman LLC and JMI Equity had explored an outright sale of Kronos but rejected bids as high as $4.6 billion, people familiar with the matter said last week. Deutsche Bank AG acted as a financial advisor.
Kronos Incorporated Reports Earnings Results for the First Quarter of Fiscal 2014
Feb 5 14
Kronos Incorporated reported earnings results for the first quarter of fiscal 2014. The company’s revenue for the first quarter increased 9% to $243.4 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) increased 18% to $78.7 million.
Kronos Incorporated Extends the Power of Workforce Task Management to Tablet
Jan 13 14
Kronos Incorporated now delivers real-time, location-specific store execution information to retailers by bringing Workforce Task Management to Workforce Tablet(TM). This empowers retailers to better staff their stores by managing in the moment - resulting in improved customer satisfaction.
Workforce Task Management on tablet offers fast, easy access to critical information, whenever and wherever it's needed including a timeline of
projects and tasks and visibility into statuses by location. As a result, managing store execution and focusing on customer satisfaction becomes
easier with the new application, which addresses market needs by providing just the right level of information across the organization. Now store managers have the ability to delegate tasks to associates right from the sales floor and even attach pictures to show corporate that tasks were executed as planned, gaining more time to focus on customer service and mentoring. District and field managers can also easily manage by exception as they are able to keep stores accountable through real-time visibility. The need for store-by-store reviews is eliminated so they can arrive for site visits prepared to discuss only the most important or lagging projects, saving time and improving efficiency. Workforce Task Management on tablet simplifies store execution by providing end users with a streamlined approach to execute and verify tasks. Also, by streamlining communication between corporate and stores, productivity increases and gives everyone involved more time to focus on store presentation, sales, and customer satisfaction. Integration of Workforce Task Management with the rest of the Kronos Workforce Central suite, either in the cloud or on premise, allows retailers to realize a multitude of benefits by taking a more strategic and comprehensive approach to managing their workforce. Mobile access for Workforce Task Management through Workforce Tablet will be available in March for the Apple(R) iPad(R) on the Workforce Central 7 platform.
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