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Ukg Acquires Ascentis Corporation

Mar 09, 2022almost 4 years ago

Acquiring Company

UKG

Acquired Company

Ascentis

information technology & services

Description

UKG Inc., a leading global provider of human capital management (HCM), payroll, HR service delivery, and workforce management solutions, today announced it has acquired Ascentis Corporation.

Company Information

Company

UKG

Location

900 Chelmsford St

About

UKG (Ultimate Kronos Group) is a global leader in human capital management, payroll, HR service delivery, and workforce management solutions. Formed in April 2020 from the merger of Ultimate Software and Kronos Incorporated, UKG is headquartered in Weston, Florida, and Lowell, Massachusetts. The company employs over 12,000 people and serves more than 80,000 organizations in 165 countries. UKG offers a comprehensive suite of cloud-based software solutions designed to enhance HR effectiveness and optimize workforce management. Key products include UKG Pro, a platform that integrates HR, payroll, talent, and workforce management; UKG Dimensions, which focuses on timekeeping and labor analytics; and UKG Ready, tailored for small to medium-sized businesses. UKG is committed to social responsibility, exemplified by initiatives like the Close the Gap Initiative, aimed at addressing salary inequities. The company also acquired Great Place to Work in 2021, reinforcing its dedication to fostering positive workplace cultures.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed