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by Chris Chiappinelli, MA Editorial Staff
Posted on Monday, July 17, 2006 6:11:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    Kronos Inc. tomorrow will announce that it has acquired SmartTime Software Inc., a 21-year-old workforce management software competitor that enables Kronos to add manufacturing-centric technology, development talent, and blue-chip customers in one fell swoop. Details of the deal were not available at press time. The acquisition comes just days after Kronos of Chelmsford, MA, disclosed an agreement to purchase privately held Unicru, a provider of talent management software, for $150 million. SmartTime, which was on a run rate of about $7.5 million this fiscal year, gives Kronos access to technology that was built from the ground up to integrate with leading MES and ERP applications and a customer base that includes companies such as Aloca, BP Amoco, Carrier, General Dynamics, Gillette Co., and Merck. (Read about SmartTime in our 2005 "Companies to Watch" Special Report.) The acquisition of much larger Unicru, meanwhile, broadens the landscape for Kronos's applications. Until now, Kronos has built and deployed systems that help manage a company's exiting workforce -- empowering management to juggle tasks such as payroll, scheduling, and time and attendance tracking. [Click to continue] |
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