In April 2020, as a response to the COVID-19 pandemic, Kronos introduced an automated report-generating tool to aid contact tracing. In February 2020, the company announced a merger with Ultimate Software and that the combined company will be led by Aron Ain. In 2017, Kronos moved its corporate headquarters from the nearby town of Chelmsford to the Cross Point Towers in Lowell, Massachusetts, consolidating multiple offices under one roof. This was the first year that the company achieved $1 billion in annual revenue. In the transaction, Kronos was valued at $4.5 billion. In 2014, private equity firms Blackstone and GIC invested in Kronos alongside Hellman & Friedman and JMI Equity. Kronos, which was not a party to the litigation, objected to the EEOC's subpoena on the basis that the information requested was irrelevant, and production would require Kronos to disclose protected trade secret information. The charge was brought by an individual job applicant against Kroger Food Co., who did not hire the job applicant and used a Kronos assessment as part of its hiring process. In 2012, the Third Circuit Court of Appeals enforced a subpoena seeking production of documents by Kronos, Inc., in an administrative charge before the EEOC alleging disability discrimination. In March 2007, Kronos went private again, bought out for US$1.74 billion by the lead investor Hellman & Friedman and the secondary investor JMI Equity. In 1992, Kronos became a publicly-traded company on NASDAQ.Īron Ain, succeeded his brother Mark Ain as chief executive officer in 2005. In 1979, Kronos delivered the world's first microprocessor-based time clock and, in 1985, delivered its first PC-based time and attendance product. Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history.

Kronos was founded in 1977 by Massachusetts Institute of Technology (MIT) and Simon Business School alumnus Mark S. Kronos Incorporated corporate headquarters in Lowell, MA

Kronos time attendance