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Kronos Buys Workforce Software Operation

Posted on Friday, February 01, 2002 12:00:00 AM       Sign Up to receive Daily News Alerts in your E-mail Inbox                            Digg This Article   Add to Delicious

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    Kronos Inc., a heavyweight in the workforce management market, has acquired the Integrated Software business of the Workforce Solutions Division of SimplexGrinnell in a cash purchase transaction.

    Kronos has retained key Workforce Solutions engineering, sales, service, and support personnel to form the nucleus of the newly created Kronos WinSTAR Group, located with Kronos' corporate headquarters in Chelmsford, Massachusetts. Dan Brown, a Kronos vice president, has been named general manager of the new group.

    The acquisition adds about 8,000 new, largely mid-market customers to Kronos' worldwide base of 30,000, helping to meet a corporate goal to increase mid-market presence.

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