<s>
Ultimate	B-General_Concept
Kronos	I-General_Concept
Group	I-General_Concept
(	O
UKG	B-General_Concept
)	O
is	O
an	O
American	O
multinational	O
technology	O
company	O
with	O
dual	O
headquarters	O
in	O
Lowell	O
,	O
Massachusetts	O
,	O
and	O
Weston	O
,	O
Florida	O
.	O
</s>
<s>
It	O
provides	O
workforce	B-Application
management	I-Application
and	O
human	O
resource	O
management	O
services	O
.	O
</s>
<s>
The	O
company	O
was	O
founded	O
in	O
April	O
2020	O
as	O
a	O
result	O
of	O
the	O
merger	O
of	O
Ultimate	B-General_Concept
Software	I-General_Concept
and	O
Kronos	B-Application
Incorporated	I-Application
.	O
</s>
<s>
Former	O
Kronos	B-Application
CEO	O
Aron	O
Ain	O
was	O
the	O
CEO	O
and	O
chairperson	O
of	O
the	O
combined	O
company	O
until	O
July	O
1	O
,	O
2022	O
,	O
when	O
he	O
stepped	O
down	O
as	O
CEO	O
to	O
become	O
Executive	O
Chairperson	O
.	O
</s>
<s>
On	O
February	O
20	O
,	O
2020	O
,	O
Ultimate	B-General_Concept
Software	I-General_Concept
and	O
Kronos	B-Application
Incorporated	I-Application
announced	O
they	O
agreed	O
to	O
form	O
a	O
new	O
cloud	B-Architecture
computing	I-Architecture
venture	O
specializing	O
in	O
workforce	B-Application
management	I-Application
and	O
human	O
capital	O
management	O
.	O
</s>
<s>
The	O
combined	O
company	O
,	O
valued	O
at	O
$22	O
billion	O
,	O
would	O
be	O
one	O
of	O
the	O
largest	O
cloud	B-Architecture
computing	I-Architecture
companies	O
.	O
</s>
<s>
Kronos	B-Application
CEO	O
Aron	O
Ain	O
became	O
CEO	O
and	O
chairman	O
of	O
the	O
new	O
company	O
,	O
with	O
more	O
than	O
12,000	O
employees	O
and	O
dual	O
headquarters	O
in	O
Lowell	O
,	O
Massachusetts	O
,	O
and	O
Weston	O
,	O
Florida	O
.	O
</s>
<s>
The	O
merger	O
was	O
officially	O
completed	O
on	O
April	O
1	O
,	O
2020	O
,	O
and	O
in	O
August	O
,	O
the	O
company	O
's	O
name	O
was	O
announced	O
as	O
Ultimate	B-General_Concept
Kronos	I-General_Concept
Group	I-General_Concept
(	O
UKG	B-General_Concept
)	O
,	O
which	O
became	O
effective	O
on	O
October	O
1	O
.	O
</s>
<s>
Ain	O
also	O
said	O
the	O
company	O
planned	O
to	O
primarily	O
call	O
itself	O
UKG	B-General_Concept
.	O
</s>
<s>
Fortune	O
reports	O
that	O
due	O
to	O
the	O
impact	O
of	O
COVID-19	O
,	O
the	O
majority	O
of	O
UKG	B-General_Concept
's	O
workers	O
switched	O
to	O
remote	O
work	O
from	O
home	O
.	O
</s>
<s>
UKG	B-General_Concept
has	O
been	O
noted	O
for	O
its	O
inclusive	O
,	O
diversified	O
workforce	O
and	O
community-oriented	O
work	O
environment	O
.	O
</s>
<s>
In	O
December	O
2021	O
,	O
UKG	B-General_Concept
launched	O
its	O
Close	O
the	O
Gap	O
Initiative	O
,	O
a	O
$3	O
million	O
campaign	O
funded	O
by	O
the	O
company	O
to	O
address	O
salary	O
inequity	O
for	O
U.S.	O
workers	O
 '	O
wages	O
,	O
in	O
particular	O
for	O
women	O
and	O
people	O
of	O
color	O
.	O
</s>
<s>
In	O
June	O
2022	O
,	O
UKG	B-General_Concept
announced	O
the	O
promotion	O
of	O
Christopher	O
Todd	O
from	O
President	O
to	O
chief	O
executive	O
officer	O
,	O
with	O
Aron	O
Ain	O
becoming	O
Executive	O
Chairperson	O
effective	O
July	O
1	O
,	O
2022	O
.	O
</s>
<s>
Following	O
the	O
merger	O
of	O
Ultimate	B-General_Concept
Software	I-General_Concept
and	O
Kronos	B-Application
Incorporated	I-Application
,	O
the	O
Ultimate	B-General_Concept
Kronos	I-General_Concept
Group	I-General_Concept
was	O
established	O
in	O
April	O
2020	O
.	O
</s>
<s>
According	O
to	O
Society	O
for	O
Human	O
Resource	O
Management	O
,	O
the	O
new	O
company	O
became	O
one	O
of	O
the	O
largest	O
HR	O
technology	O
vendors	O
in	O
the	O
highly	O
competitive	O
economy	O
section	O
that	O
include	O
ADP	O
,	O
Ceridian	O
,	O
Microsoft	O
,	O
Oracle	B-Application
Taleo	B-Application
,	O
SAP	B-Application
Successfactors	O
,	O
and	O
Workday	B-Application
.	O
</s>
<s>
In	O
June	O
2021	O
,	O
the	O
company	O
acquired	O
EverythingBenefits	O
,	O
a	O
developer	O
of	O
cloud-based	B-Architecture
business	O
software	O
that	O
connects	O
employers	O
to	O
the	O
insurance	O
,	O
retirement	O
and	O
other	O
information	O
.	O
</s>
<s>
The	O
acquisition	O
allowed	O
UKG	B-General_Concept
to	O
incorporate	O
EverythingBenefits’	O
procedural	O
knowledge	O
including	O
its	O
suite	O
of	O
payroll	O
,	O
HR	O
service	O
delivery	O
,	O
and	O
workforce	B-Application
management	I-Application
,	O
among	O
other	O
tools	O
.	O
</s>
<s>
On	O
September	O
1	O
,	O
2021	O
,	O
UKG	B-General_Concept
bought	O
Great	O
Place	O
to	O
Work	O
,	O
the	O
company	O
behind	O
Fortune	O
’s	O
annual	O
list	O
of	O
100	O
Best	O
Companies	O
to	O
Work	O
For	O
.	O
</s>
<s>
In	O
November	O
2022	O
,	O
it	O
was	O
announced	O
UKG	B-General_Concept
had	O
acquired	O
the	O
Oxford-headquartered	O
strategic	O
workforce	O
planning	O
software	O
company	O
,	O
Quorbit	O
.	O
</s>
<s>
In	O
December	O
2021	O
,	O
UKG	B-General_Concept
disclosed	O
that	O
it	O
was	O
targeted	O
by	O
a	O
ransomware	O
attack	O
that	O
was	O
first	O
detected	O
on	O
December	O
11	O
,	O
2021	O
.	O
</s>
<s>
The	O
malware	O
attack	O
affected	O
the	O
Kronos	B-Application
Private	O
Cloud	O
feature	O
used	O
by	O
many	O
large	O
businesses	O
including	O
Boots	O
,	O
Gap	O
Inc.	O
,	O
Marriott	O
International	O
,	O
MGM	O
Resorts	O
International	O
,	O
PepsiCo	O
,	O
Sainsbury	O
's	O
,	O
Samsung	B-Application
,	O
Staples	O
Inc.	O
,	O
Tesla	O
,	O
Inc.	O
,	O
Whole	O
Foods	O
Market	O
,	O
Yamaha	O
Corporation	O
,	O
YMCA	O
,	O
and	O
others	O
while	O
some	O
governmental	O
entities	O
such	O
as	O
the	O
cities	O
of	O
Cleveland	O
,	O
Springfield	O
,	O
Massachusetts	O
as	O
well	O
as	O
the	O
New	O
York	O
Metropolitan	O
Transportation	O
Authority	O
were	O
also	O
affected	O
.	O
</s>
<s>
A	O
number	O
of	O
sources	O
reported	O
that	O
the	O
attack	O
possibly	O
occurred	O
as	O
a	O
result	O
of	O
the	O
Log4Shell	O
zero-day	O
,	O
but	O
UKG	B-General_Concept
claimed	O
it	O
did	O
not	O
have	O
evidence	O
of	O
Log4Shell	O
being	O
responsible	O
for	O
the	O
ransomware	O
incident	O
.	O
</s>
<s>
Private	O
equity	O
firm	O
Hellman	O
&	O
Friedman	O
,	O
who	O
was	O
the	O
controlling	O
shareholder	O
of	O
both	O
Ultimate	O
and	O
Kronos	B-Application
,	O
is	O
the	O
controlling	O
shareholder	O
of	O
UKG	B-General_Concept
.	O
</s>
