Kronos Incorporated, a Lowell, Mass.-based provider of HCM solutions acquired Optimum Solutions, Inc., a Nashville, Tenn.-based national provider of human capital management (HCM) services and solutions.
The amount of the deal was not disclosed.
The acquisition will extend the reach of Kronos HCM solutions, including Workforce Ready and Workforce Dimensions HCM, to Optimum customers, which are concentrated in the manufacturing, healthcare, and retail industries.
Kronos will continue to support all acquired customers through a dedicated Optimum team.
Led by Bob Farnsworth, chief executive officer, Optimum provides human resources (HR), payroll, and timekeeping solutions to more than 600 organizations.
Led by CEO Aron Ain, Kronos is a provider of workforce management and human capital management cloud solutions. Its industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, and government agencies of all sizes. Tens of thousands of organizations — including half of the Fortune 1000® — and more than 40 million people in over 100 countries use Kronos every day.