Kronos knows time is money for its customers. The company makes and implements staffing management software particularly for organizations with large, complex workforces. With a goal of controlling labor costs and improving employee productivity, its software automatically collects time and attendance data, manages scheduling and absences, oversees administrative, HR, payroll, and hiring processes, and provides data analytics on cost and performance problems. Boasting over $1 billion in annual revenue, Kronos serves over half of the Fortune 1000 and thousands of organizations working in several sectors across 100-plus countries. The company is owned by investors led by private equity firm Hellman & Friedman.
Kronos' services and products deal with time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics. The company has broadened its service offerings and developed Web-based versions of its software, responding to the general trend in the software market of companies offering clients the choice of both installed and hosted subscription versions of their products.
Kronos' divisions serve a variety of labor and management needs, and include: Hiring Solutions Group, AD OPT Solutions Group, Labor Analytics Solutions Group, Kronos iSeries Solutions Group, Kronos TeleStaff Solutions Group, Indianapolis Technology Center, and the EZCall Solutions Group.
Outside the US, Kronos has offices in Australia, Belgium, Brazil, Canada, China, France, Germany, India, the Netherlands, Spain, the United Arab Emirates, and the UK.
Sales and Marketing
Kronos, with its more than 4,000 employees (as of August 2015), serves organizations from a variety of industries and sectors, including: business services, education, energy, financial services, government, health care, hospitality, logistics, manufacturing, public safety, and retail markets. The company claimed that over 35 million people around the world used its services every day in 2015.
It sells directly to its customers, as well as through its partnerships with hardware, software, and services firms. Clients include Briggs & Stratton, Clemson University, Constellation Brands, John Q. Hammons Hotels & Resorts, and United Supermarkets.
Kronos' has been expanding its business in developing markets over the past several years, such as those of the EMEA and the faster-growing BRIC countries (Brazil, Russia, India, and China). In 2015, it opened its new EMEA headquarters in Bracknell, England to support plans for continued expansion in the region (even after 25 years of operating there). In 2014, Kronos launched the subscription model of its popular Kronos Workforce Central suite (workforce management solutions) to grow its business with small and mid-sized businesses in China.
The company's acquisition strategy includes purchasing independent resellers and distributors of its products and buying other software companies with applications that expand Kronos' product line.
Mergers and Acquisitions
In September 2015, Kronos purchased the AutoTime business from Kaba Workforce Solutions (the North American subsidiary of Switzerland-based Kaba Holding AG). AutoTime was a time and attendance, and labor management service used by more than 100 organizations, including seven of the top 10 Fortune 500 aerospace and defense companies.
In June 2015, the company purchased Chicago-based physician scheduling vendor Productive Scheduling Solutions, expanding its exposure in the fast-growing healthcare market.
In 2013, it bought rival workforce management software company TimeLink, which counted enterprise customers in more than 30 countries.
In 2012, Kronos expanded its health care portfolio with the purchase of Portland, Oregon-based OptiLink, a provider of staff management software used by nursing departments. OptiLink's customers include Seton Healthcare and Intermountain Health Care. Also that year it acquired SaaShr.com, and its parent WebApps, Inc., which offers cloud-based workforce management software for small and mid-sized businesses.
Bolstering its presence in the EMEA region, in 2012 it bought UK-based SMART Computer Holdings and its Spanish affiliate SMART Human Logistics. SMART provided onsite and cloud-based workforce management software to manufacturing, services, retail, hospitality, and public sector markets; it was a leader in the health care workforce management market, serving a number of National Health Service customers in the UK.
In 2011, Kronos bought Principal Decision Systems International (PDSI), which provides public safety workforce management software. PDSI's TeleStaff application offers scheduling and notification tools used by more than 600 city and county fire, emergency, police, and corrections organizations in the US.
Some of its past purchases have included ClarityMatters, Compu-Cash Systems, Deploy Solutions, SmartTime Software, Stromberg, TimeWorks, and Unicru.