Ultimate Kronos Group (UKG) is an American multinational technology company with dual headquarters in Lowell, Massachusetts, and Weston, Florida. It provides workforce management and human resource management services. The company was founded in April 2020 as a result of the merger of Ultimate Software and Kronos Incorporated. Former Kronos CEO Aron Ain was the CEO and chairperson of the combined company until July 1, 2022, when he stepped down as CEO to become Executive Chairperson. On February 20, 2020, Ultimate Software and Kronos Incorporated announced they agreed to form a new cloud computing venture specializing in workforce management and human capital management. The combined company, valued at $22 billion, would be one of the largest cloud computing companies. Kronos CEO Aron Ain became CEO and chairman of the new company, with more than 12,000 employees and dual headquarters in Lowell, Massachusetts, and Weston, Florida. The merger was officially completed on April 1, 2020, and in August, the company's name was announced as Ultimate Kronos Group (UKG), which became effective on October 1. When discussing the name, Ain said it was chosen as a "reflection to honor our past as we also thought about what we wanted to be in the future [...] We didn't want to lose who we were and what we've achieved." Ain also said the company planned to primarily call itself UKG. More information...
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