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Kronos Celebrates 35 Years of Innovation

Source : BUSINESS_WIRE
Last Updated: Fri, Jan 04, 2013 13:30 hrs

Chelmsford, Massachusetts, United States and Bangalore, Karnataka, India:At an event held at its world headquarters in Chelmsford, Mass. today, Kronos Incorporated celebrated 35 years as a pioneering innovator in the field of workforce management. Since its founding in 1977, the company has grown to be the global leader in the workforce management software market with more than 3,500 employees and annual revenues of more than $865 million.


News Facts

-- Kronos software is used in more than 100 countries by tens of thousands of organisations –including more than half of the Fortune 1000 – to fundamentally change the way they manage their workforces. More than 30 million people around the world use a Kronos solution every day.

-- Kronos commenced its India operations in 2005 and today has a strong and growing customer base. The India market – particularly in the manufacturing, healthcare, retail, and services sectors – is increasingly embracing the benefits of using workforce management solutions. With a labour force of 487 million workers within organisations that typically rely on manual processes to manage the time and attendance process, India represents a tremendous opportunity for Kronos to revolutionize the way businesses manage their workforces.

-- Kronos’ customer base in India includes leading multi-nationals and local organisations such as: GENPACT, a global leader in managing business processes; Medanta – The Medicity, one of India's largest multi-super specialty institutes; Viraj Profiles Limited, one of the world’s largest producers of stainless steel products; PVR, a leading motion picture exhibitor in India; Croma, the largest specialty electronics retailer; Encore BPO,a leading provider of debt management and recovery solutions; and Takshasila Healthcare- a joint venture of healthcare institutes between Kirloskar, Secom, and Toyota Tsusho of Japan and Renault-Nissan Automotive India, the Indian subsidiary of Renault-Nissan.

-- Today Kronos also celebrated the opening of a new, $7 million state-of-the-art technology center on its Chelmsford, Mass. campus where the company occupies 322,000 square feet. This latest technology center joins a network of such facilities across the United States, and in Canada, India, and the United Kingdom.

-- Known for its continuous innovation and growth, the company has moved aggressively into the areas of mobile, cloud, and big data management, introducing revolutionary new ways for organisations to manage their workforces.

-- The company recently announced its 64thacquisition and in the last year hired more than 600 new employees around the world.

-- Mark Ain, a graduate of the Massachusetts Institute of Technology (MIT)founded Kronos with the idea of automating the standard mechanical time clock. In 1979, the company delivered the first automated time clock. When he transitioned out of the chief executive officer role in 2005, he had been the longest-running founder leading a technology company in Massachusetts. Current chief executive officer Aron Ain joined Kronos in 1979 and has played a role in nearly every functional department at Kronos. Earlier this year he was named an Ernst & Young Entrepreneur of the Year.

Supporting Quotes

-- Mark Ain, founder and chairman of the board of directors, Kronos
“Kronos was born out of a desire to start a company that used technology to solve a problem. From simple beginnings, the company has grown beyond my wildest dreams into a global software powerhouse. We are excited and energized by Kronos’ 35 years of continuous innovation and growth – the future is very bright!”

-- Aron Ain, chief executive officer, Kronos
“Anniversaries are an opportunity to reflect on progress made, and it’s amazing to think about our accomplishments. We are immensely grateful to our employees, customers, and partners for their support over three-and-a-half decades. After 35 years in the business, the pace of change in technology and communication has never been faster. As the business world becomes ever more global and sophisticated in leveraging consumer-oriented technology, there has never been a more exciting time to be innovating to help our customers manage their employees around the world.”

-- James Thomas, Country Manager, Kronos India
"On the occasion of our 35th anniversary we thank all our Indian customers, partners and Kronites in extending Kronos leadership in workforce management and continuous innovation to the India market and for our success. It's been such an exciting journey evangelizing workforce management in India and enabling Corporates in India to manage their workforces better in a growing, labor intensive emerging economy - to have better visibility, compliance and productivity from an inclusive workforce."

Supporting Resources

-- View a timeline of Kronos’ 35 years of innovation.
-- Connect with Kronos via Facebook, Twitter, Google+, LinkedIn, and YouTube.
-- Subscribe to our workforce management blogs.
-- Take a look at the lighter side of workforce management in our Time Well Spent cartoons.

About Kronos Incorporated

Kronos is the global leader in delivering workforce management solutions in the cloud. Tens of thousands of organisations in more than 100 countries — including more than half of the Fortune 1000 — use Kronos to control labor costs, minimize compliance risk, and improve workforce productivity. Learn more about Kronos industry-specific time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications at www.kronos.com. Kronos: Workforce Innovation That Works™.

Ω 2012 Kronos Incorporated.All rights reserved.Kronos is a registered trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Contact:
Sumeet Doshi, Kronos Incorporated, +91 9892506857

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