Kronos Incorporated Among Apps Top 500

900 Chelmsford St

Lowell, MA, 01851, United States

1 978-250-9800

http://www.kronos.com

41

Kronos Incorporated Strengths, Domain Expertise, and Key Differentiators

Kronos, having successfully transitioned to a pure software-as-a-service (SaaS) provider, again delivered exceptional growth in the Kronos Cloud and ended the year with very strong subscription growth in the fourth quarter. For fiscal 2019 (end Sept 30), Kronos stated it crossed $1 billion of annual recurring revenue, and over $1.43B overall.

Kronos strengthened its position as a software provider in workforce management with all-time highs for product bookings in most key vertical segments and geographic regions while the company deepened industry expertise worldwide. Subscription revenue was up 30%, fueled by Workforce Dimensions adoption and an all-time best year for human capital management (HCM) deals.

Kronos had another record year overall for $1 million+ wins, with new fourth-quarter customer deals including: one of the world’s largest online retailers; a major package shipping and deliver company serving the U.S. and Canada; a public school district in the U.S. serving more than 40,000 students; and one of the largest law enforcement agencies in the U.S. Building on the continued success of its global partner infrastructure network, Kronos announced a new cloud collaboration relationship with Oracle HCM.

Furthermore, Kronos and NGA Human Resources formed a strategic global alliance to simplify the delivery of workforce management, HR, and payroll services to organizations with complex global workforces.

Kronos Incorporated Recent Developments

Since the merger of Ultimate Software and Kronos in April 2020, their entire portfolio (HCM/WFM/HRSD/Employee Feedback & Sentiment Analysis) have been working in unison defining solutions to aid organizations in these sweeping challenges that they are facing, largely due to the global pandemic. The main focus of these solutions have been centered around the employee: identifying their needs, locating them, and understanding what they need in order to feel safe as well as gain a sense of belonging. While undergoing merger activities, Kronos and Ultimate exceeded their customers expectations, not allowing the merger to distract them from their ultimate goal: - Kronos and Ultimate each developed external thought-leadership resource hubs that provides customers, HR professionals, and business leaders with tools to lead through times of uncertainty. It is updated regularly with webcasts, whitepapers, blog posts, and other assets to aid companies of all sizes and industries navigate COVID-19 and the impact it has on employees and business. - In terms of technology solutions, they delivered numerous enhancements to help our customers manage and navigate through these challenges—even via philanthropic efforts, their internal employees responded in non-technical ways. - In their Perception solution, several new survey templates were launched, tackling issues affecting employees at various stages: --- At-Risk/Crisis Survey - helps organizations better understand how employees are feeling and how the organization can help employees manage during a crisis by checking in on some common issues and challenges --- Equity at Work Survey, The Diversity and Inclusion Experience Survey - measures how diverse and inclusive an organization’s culture is. Employees provide feedback about their environment, their behaviors, the resources available to them, and their interactions with other employees. They also express their attitudes and their opinions about inclusion. The feedback they provide enables organizations to decide if they should conduct a more in-depth exploration of what drives inclusion at Company X, and the ways in which they can add value to the experience --- Return to Office Readiness Survey - Provides insight into employee readiness. Important topics covered are practical safety concerns, as well as emotions and attitudes around the transition. Just knowing these key pieces of information can help empower change management efforts to facilitate a smooth transition - In the workforce management arena, being such high-touch, high-interaction solutions, they responded quickly, enabling organizations to foster a safe work environment--the first to release contact-tracing tools, purely from a workforce management approach. Customers have been able to trace potential threats to other to workers when an employee is diagnosed (or having symptoms) of COVID-19. Upon its release, the contact-tracing tool was downloaded by 600 customers looking combat the spread of the virus. - In addition to contact tracing, their HR service delivery (HRSD) solutions have also been ripe for customers to take advantage of. From the rollout of workflows to help facilitate CDC guidelines (e.g., 14-day quarantines from work, etc.) to the AI-enabled document classification, our customers are realizing the power of HRSD as a help-meet as they undergo this shift.

Kronos Incorporated Mergers and Acquisitions (M&A) Activities

Almost five months after Kronos and Ultimate Software merged to create a $3 billion HCM application powerhouse, the combined company has a new name: UKG as in Ultimate Kronos Group with Our Purpose is People as its tagline.

The new company will bring together the best of each company’s award-winning solutions – Ultimate’s UltiPro HCM and Employee Experience products with Workforce Dimensions from Kronos, Kronos Workforce Ready, and other solutions from Kronos – with an unwavering commitment to delighting customers and exceeding their expectations. Upon closing, the combined company will have revenues of approximately $3 billion, more than 12,000 employees worldwide, and an enterprise value of $22 billion, with further plans for growth including the addition of 3,000 employees over the next three years.

In October 2019, Kronos acquired Optimum Solutions Inc, expanding its reach and client base to over 600 organizations. Kronos will continue to support all acquired customers through a dedicated Optimum team.

In mid-July 2018, Ultimate Software acquired the Paris-based HR service delivery provider PeopleDoc for about $300 million in cash and stock.

Kronos Incorporated Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Kronos Incorporated applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Kronos Incorporated and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified UltiPro Compensation Management, UltiPro Core HR and Payroll, UltiPro Talent Acquisition, UltiPro Talent Management, UltiPro Time Management, Kronos SaaShr, Kronos Workforce Central, Kronos Workforce Ready, customers.

Kronos Incorporated Key Enterprise and Cloud Applications

UltiPro Compensation Management, UltiPro Core HR and Payroll, UltiPro Talent Acquisition, UltiPro Talent Management, UltiPro Time Management, Kronos SaaShr, Kronos Workforce Central, Kronos Workforce Ready,

Kronos Incorporated Revenues, $M:

Type/Year 2018 2019 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Kronos Incorporated Revenue Breakdown By Type, $M:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Kronos Incorporated Revenues By Region, $M

Region % of Total Revenues 2019 Total Revenues, $M 2019 Enterprise Applications Revenues, $M 2019 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Kronos Incorporated Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Kronos Incorporated Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Kronos Incorporated Customers


No. of Kronos Incorporated Customers: 40000

No. of Kronos Incorporated Enterprise Applications Customers: 40000

No. of Kronos Incorporated Cloud Customers: 33000

No. of Kronos Incorporated Cloud Subscribers: 40 million


With overall customer retention across all suites remaining very strong throughout the year, Kronos had another record year converting existing on-premise customers to a SaaS solution, as hundreds of existing on-premise customers migrated to the Kronos Cloud.

In the fourth quarter of Fiscal 2019, Kronos signed agreements with organizations around the world, including: Atlanta Public Schools, one of the largest school districts in Georgia serving 52,000 students across 18 schools, organized into nine K-12 clusters with 58 neighborhood schools, six partner schools, 18 charter schools, two citywide single-gender academies, and three alternative programs; Bond University, Australia’s #1 university for the student experience; City of Southlake, located near Dallas, Texas with a population of 27,000 residents; Community College of Allegheny County, a nationally renowned community college serving 43,000+ students each year; DART, a public transit agency serving Dallas, Texas and 12 surrounding North Texas cities with a multi-modal network of buses, light rail, commuter rail, and paratransit services for more than 200,000 passengers each day; Fishers Service Ltd., a U.K. provider of commercial laundry services; The Distribution Center for Bestseller, a famous Denmark fashion brand with 8,000 stores in China; Healius, one of Australia’s leading healthcare companies; Lifespan Corporation, Rhode Island’s largest health system and largest employer with a network of nationally recognized hospitals; Luxottica, a leader in the design, manufacture, and distribution of fashion, luxury, and sports eyewear; Marriott Middle East, part of the largest hotel operator in the world, encompassing a portfolio of more than 7,000 properties globally; Metro Mechanical Services Ltd., a U.K. commercial drainage specialist; Mingara Recreation Club, the destination for Australia’s Central Coast restaurants and bars, entertainment, promotions, kids play areas, sport and fitness facilities, corporate events, celebrations, and community involvement; Moffitt Cancer Center, a top-10 cancer hospital and National Cancer Institute Comprehensive Cancer Center, pioneering advances such as CAR T cell therapy; Monash Health, Victoria, Australia’s largest public health service; National Timber Group, the largest independent added-value timber distribution and processing group in the U.K. created through the acquisitions of market-leading brands Arnold Laver, North Yorkshire Timber, Rembrand, and Thornbridge; UTMB Health, an academic medical center and comprehensive health system of hospitals and a network of clinics; and Whistl U.K.Ltd., a leading delivery management company, Mackenzie Health, Inframark, and Modell’s.

Kronos Incorporated Market Opportunities, M&A and Geo Expansions

In November 2019 Kronos unveiled the next-generation Kronos InTouch DX. From the inventor of the world’s first computerized time clock 42 years ago, Kronos InTouch DX is the first intelligent time clock to combine consumer-grade personalization, enterprise-level intelligence, and the renowned durability of Kronos time clocks to accelerate digital transformation (DX) and empower all workers – whether an employee or manager, paid hourly or salary, regardless of industry. InTouch DX provides the ease of use and personalization that employees and managers expect while simultaneously harnessing built-in intelligence to identify the most important issues and present relevant actions to users. InTouch DX works seamlessly with Workforce Dimensions and features a future-ready foundation for facial recognition and other emerging technologies.

Kronos invested a record $200 million on R&D in Fiscal 2019 to deliver next-generation enhancements, features, and functionality. Workforce Dimensions saw the launch of AI-powered scheduled with forecasting, enhancements in HR, payroll, talent and benefits, deeper integrations into strategic products such as Telestaff and healthcare extensions, and other vertical capabilities. It also added a scheduling chatbot in Workplace by Facebook and integration with Microsoft Teams, Microsoft Outlook, and Microsoft Power BI. Workforce Ready saw an overhaul of its user experience, the launch of a new mobile app, deeper analytics, and live chat support. Workforce Central investments continue with focus on global compliance, security and user experience.

Kronos Incorporated Risks and Challenges

Over the next few months, UKG will be busy harnessing its two main operations in Lowell, MA, and Weston, FL, in order to build the momentum needed to rally behind the unifying brand, not a trivial task as most of its 12,000+ employees are scattered all over the world as they continue to work remotely amid the pandemic.

Another challenge is to formulate a cohesive strategy across sales, development and customer success in order to leapfrog SAP, Workday and finally become the dominant HCM applications vendors. The pandemic and economic downturn will pose significant risks to UKG given its exposure to a range of customers in struggling verticals such as leisure, hospitality, retail, transportation, travel, and even healthcare that are being upended by the public health crisis. What works to UKG’s advantage is its laser focus on HCM, something that is becoming more critical and perhaps fluid than ever given remote work will be here to stay, unemployment rates in the United States and elsewhere continue to stay elevated and shortages of skilled workers remain the top priority for many employers.

Kronos Incorporated Ecosystem, Partners, Resellers and SI

Kronos has direct sales teams across major markets including North America, UK, Europe, Australia, China, and India. In order to extend its reach across these markets, and emerging markets such as South East Asia, Middle East, and Africa it is very focused on building out its channel ecosystem. This strategy is a combination of signing agreements with local sSolution providers who can sell and implement Kronos, for example Health Matrix who are a provider of technology solutions to the healthcare sector in the Middle East, and also Bytes Technology Group who sell across all industry sectors in Africa and the Middle East.

Expanding its ecosystem by signing new reseller partners such as Valueteam in Brazil, Hyperlink in the Middle East, NGA in Europe and Group Seidor in Spain and Portugal to go after untapped opportunities in different regions.

Kronos also struck a deal with Qimpro to drive workforce transformation in India. Kronos further extended its reach into the Chinese market by forming a reseller agreement with Capgemini. In addition to these reseller based partnerships Kronos direct sales are working extensively with Global Consulting companies such as Accenture, Deloitte, Cap Gemini, PWC, E&Y, IBM, and Cognizant in all sectors.

During 2019, Kronos continued the growth of the Workforce Dimensions Technology Partner Network, expanding its innovation ecosystem with the introduction of new partner integrations and solution extensions that help customers solve specific business challenges across a variety of industries.

New healthcare solution providers joining the Workforce Dimensions Technology Partner Network include ConnectRN, a modern, digital solution to work and fill open per-diem healthcare shifts; Healthcare IT Leaders, a KLAS-rated health IT consulting and workforce solutions firm; PayActiv, a leader in earned wage access for employees; and ShiftMed, an on-demand staffing platform for skilled nursing facilities and hospitals.

Kronos Incorporated Cloud Infrastructure Insights

Subscribe to read more about:

  • Kronos Incorporated Public Cloud and Infrastructure (IaaS)
  • Kronos Incorporated Platform (PaaS)
  • Kronos Incorporated Application Delivery
  • Kronos Incorporated Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


For additional information on our methodologies, here's the link:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ

Copyright © 2021, APPS RUN THE WORLD