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by Jeff Moad, MA Editorial Staff Posted on Sunday, November 25, 2007 1:00:00 AM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Now privately owned, human capital management provider Kronos plans to continue with its heretofore successful growth-through-acquisition strategy and a global expansion initiative. |
| Keywords: | Kronos acquisition, Kronos acquisitions |
The acquisition last year of human capital management software leader Kronos Inc. by private equity investors won't slow the company's plans to continue to grow through acquisition, according to Aron Ain, the company's CEO. In an interview with Managing Automation at Kronos' annual KronosWorks customer conference in Las Vegas, Ain said the company will be free to pursue new acquisitions under its new private ownership structure, and he added that Kronos will most likely next seek an acquisition in the corporate staff recruiting software sector, where Kronos currently has a partnership with London talent management software provider Mr. Ted Ltd. Kronos, now marking its 30th year, was itself acquired in June 2007 by private equity investment firms Hellman & Friedman Capital Partners and JMI Equity for $1.8 billion. Prior to that, Kronos' shares had been publicly traded. [Click to continue] |
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