UKG Inc.

About UKG Inc.

Financials

Dated, source-cited figures. Estimates are marked.

Products by UKG Inc.

All products by UKG Inc. reviewed by our AI panel of experts.

UKG ProAI Workforce Management

HR, payroll, and workforce management for large and mid-size employers

Free7.4/10

How Our Review Panel Scores UKG Inc.

Six independent reviewer personalities assessed UKG Inc.'s product on their own terms. They disagreed by 1.6 points — The Finance Lead was the hardest to convince, The Decision Maker the most positive.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who UKG Inc. competes with, and how they differ.

Dayforce7.9/10

Dayforce (formerly Ceridian) markets a single continuous-calculation payroll engine that recomputes pay as data changes, competing head-to-head with UKG for large, multi-state enterprise payroll deals rather than UKG's more batch-oriented payroll cycle.

1 product reviewed on TopReviewed

Workday

Workday is the enterprise benchmark for very large global organizations (10,000+ employees), with multi-year partner-led implementations and premium list pricing, versus UKG's stronger fit for shift-based, hourly workforces at lower total cost of ownership.

ADP7.4/10

ADP Workforce Now grew out of ADP's decades-old payroll-bureau business and is typically chosen for compliance-first, payroll-heavy mid-market and enterprise deployments, whereas UKG leads on workforce scheduling and time-and-attendance depth.

1 product reviewed on TopReviewed

SAP

SAP SuccessFactors is embedded in the broader SAP ERP ecosystem with payroll and localization across 100+ countries, making it the default pick for existing SAP customers rather than a shift-scheduling specialist like UKG.

Company Timeline

Key milestones in UKG Inc.'s history, with sources.

1. Jul 30, 2024Milestone

   Jennifer Morgan named UKG CEO

   Jennifer Morgan, former SAP co-CEO and, most recently, Blackstone's global head of portfolio operations, was named UKG CEO, succeeding Chris Todd, who had led UKG since 2022 after 17 years at the company.

   techrseries.com
2. July 2024Milestone

   UKG cuts ~14% of workforce to redirect spend to AI

   UKG laid off roughly 2,100 of its ~15,000 employees, redirecting an estimated $250-350 million toward AI investment, customer success and SMB/mid-market sales and marketing.

   joshbersin.com
3. Feb 9, 2024Milestone

   UKG refinances debt with $2.5B notes offering

   UKG completed a $2.5 billion Senior Secured Notes offering (6.875% due 2031) alongside a new $5.385 billion first-lien term loan and a $945 million revolving credit facility, refinancing its existing credit facilities.

   stblaw.com
4. Jul 18, 2023Milestone

   UKG settles ransomware class-action lawsuit

   UKG agreed to settle a class-action lawsuit tied to the 2021 Kronos Private Cloud ransomware attack for up to $6 million, while denying wrongdoing, and committed roughly $1.5 million to improve its cybersecurity defenses.

   cybersecuritydive.com
5. Dec 11, 2021Milestone

   Ransomware attack disables Kronos Private Cloud

   A ransomware attack, discovered Dec. 11, 2021, took down UKG's Kronos Private Cloud platform (UKG Workforce Central, TeleStaff, Healthcare Extensions, Banking Scheduling Solutions), disrupting payroll and scheduling for roughly 2,000 customer organizations for weeks.

   shrm.org
6. Oct 1, 2020Milestone

   Combined company takes the name UKG

   Six months after the merger closed, the combined Kronos/Ultimate Software entity adopted the name UKG (Ultimate Kronos Group), effective October 1, 2020.

   hrdive.com
7. Apr 1, 2020Milestone

   Kronos and Ultimate Software complete merger

   The all-stock merger closed, combining the two companies (~$3B revenue, ~12,000 employees) under Kronos CEO Aron Ain, with Hellman & Friedman as controlling shareholder and Blackstone, GIC, CPP Investments and JMI Equity as minority investors.

   hcamag.com
8. February 2020Milestone

   Kronos and Ultimate Software announce merger agreement

   The two Hellman & Friedman-owned companies announced a definitive merger agreement to combine into one company valued at $22 billion.

   hrdive.com
9. May 3, 2019Acquisition

   Ultimate Software acquired by Hellman & Friedman-led group (UKG predecessor)

   An investor group led by Hellman & Friedman, with Blackstone, GIC, CPP Investments and JMI Equity, completed the ~$11B acquisition of Ultimate Software at $331.50/share, taking it private ahead of its 2020 merger with Kronos.

   sec.gov
10. Jun 11, 2007Acquisition

    Kronos taken private by Hellman & Friedman (UKG predecessor)

    Hellman & Friedman Capital Partners VI, with JMI Equity, completed the $1.8B acquisition of Kronos Incorporated at $55.00/share, taking it private. Hellman & Friedman remains UKG's controlling shareholder today.

    sec.gov
11. 1990Founded

    The Ultimate Software Group founded (UKG predecessor)

    Scott Scherr founded The Ultimate Software Group, Ltd., maker of the UltiPro HCM platform, per Ultimate Software's own SEC proxy filing. Ultimate later merged with Kronos in 2020 to form UKG.

    sec.gov
12. 1977Founded

    Kronos Incorporated founded (UKG predecessor)

    Mark S. Ain founded Kronos Incorporated, a time-and-attendance systems maker that later became one of the two companies whose 2020 merger formed UKG.

    fundinguniverse.com