CHELMSFORD, Mass., Oct. 31, 2007 - Solidifying its leadership in
field-based recruiting and forging deeper into the talent management
market, Kronos(r) Incorporated today announced it has acquired Deploy
Solutions Inc., a privately held company headquartered in Newton, Mass.
Deploy delivers selection and hiring solutions that help organizations
increase applicant flow, reduce costs, and improve quality of hires.
Financial terms of the transaction were not disclosed.
"Kronos' acquisition of Deploy marks yet another exciting advancement in
our talent management strategy," said Aron Ain, Kronos chief executive
officer. "This acquisition fortifies our ability to help organizations
hire the best people and maximize their performance." Listen to Aron
Ain's audio recording about Kronos' acquisition of Deploy.
A successful software-as-a-service (SaaS) provider founded in 1997,
Deploy processes a job candidate or employee request every 20 seconds.
Deploy brings strengths in Kronos' existing target markets such as
retail and dining. As a result of the acquisition, Kronos expects to
leverage Deploy's expertise and technology to penetrate new markets.
Deploy customers include The Home Depot, Securitas, and Wawa.
"We are excited to join forces with Kronos, a respected company with a
laser-like focus on helping organizations to hire the best people and
maximize their performance," said Nicole Stata, founder and former chief
executive officer of Deploy. "This is a great opportunity for Deploy
employees and products to make valuable, long-term contributions to
Kronos, and for our customers to reap significant benefits as a result
of partnering with an innovative and stable company such as Kronos."
Bringing together the best of the best
Former Deploy employees have joined Kronos' Talent Management Division,
a business unit which the company created upon completion of its 2006
acquisition of Unicru, Inc. The Talent Management Division is led by
Peter George, Kronos chief technology officer.
"Our integration team is delighted with how well the Deploy platform
complements Kronos' existing field-based hiring offering," said George.
"And, without a doubt, our existing, industry-specific behavioral
assessments and workforce analytics expertise will be of great value to
Deploy's customer base. There are many synergies between our platforms
and our people."
As a clear proof point of these synergies, Kronos is making an initial
combined version of its Workforce Acquisition for Field Hiring and
Deploy's Enterprise Talent Suite available for immediate purchase. The
combined solution - Workforce Acquisition Version 8 - capitalizes on the
best capabilities of each platform.
About Kronos Incorporated
Kronos Incorporated empowers organizations around the world to
effectively manage their workforce. At Kronos, we are experts who are
solely focused on delivering software and services that enable
organizations to reduce costs, increase productivity, improve employee
satisfaction, and ultimately enhance the level of service they provide.
Kronos serves customers in more than 60 countries through its network of
offices, subsidiaries, and distributors. Widely recognized as a market
and thought leader in managing the workforce, Kronos has unrivaled reach
with more than 30 million people using a Kronos solution every day.
Learn more about Kronos at
www.kronos.com.
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