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STRATEGY > BUSINESS ALIGNMENT
TECHNOLOGY > BLENDED INTEGRATION
Kronos Acquires SmartTime
CHELMSFORD, Mass.—July 18, 2006—As reported in a recent announcement, Kronos has acquired the labor management business of SmartTime.
According to the announcement, SmartTime provides workforce management solutions intended to enable organizations to capture actionable labor activity data, which can be shared with other systems throughout an organization.
Under the terms of the agreement, Kronos has acquired certain assets of SmartTime in a cash purchase transaction. In conjunction with the asset acquisition, Kronos reportedly will hire certain key SmartTime employees who will continue to provide service and support for SmartTime solutions.
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