An inspiring history of innovation spanning four decades.

Kronos History

An inspiring history of innovation spanning four decades.

Building on a spirit of vision, purpose, and engagement

With a dedicated focus on continuous innovation over the years, Kronos has facilitated a revolution in how organizations manage their workforce. That focus not only empowers our employees, but also powers our success and has helped us become a top place to work. Learn more about our company and what has inspired our success.

The Early Years

The Early Years

1977 – 1986

It started with a simple idea from Mark S. Ain: there had to be an easier way to record employee time transactions. With a team of engineers and a hunger for success, his idea came to life with the first patented microprocessor-based time clock. The time clock automatically recorded, totaled, and reported employee hours, transforming an industry that had not seen innovation in many years.

  • 1977 – Kronos Incorporated founded by MIT alum Mark Ain
  • 1979 – Delivered industry’s first microprocessor-based time clock
  • 1983 – Relocated corporate headquarters to Waltham, Mass.
  • 1985 – Introduced PC-based product, Timekeeper Central
  • 1986 – Established presence in Canada

Growth and Going Public

Growth and Going Public

1987 – 1996

In the late 80's, we completed the first of many dealer acquisitions as the company focused on transitioning to a direct sales channel. With strong success in North America, we began to expand internationally.

  • 1990 – Established presence in United Kingdom
  • 1992 – Filed IPO and began trading on Nasdaq
  • 1995 – Established presence in Mexico
    Annual revenues exceeded $100 million
  • 1996 – Introduced client-server product
    Established presence in Australia

Market Leadership

Market Leadership

1997 – 2006

To meet the unique needs of our customers, we verticalized our operations in a major go-to-market strategy shift, developing even deeper industry-specific expertise and product functionality.

  • 1998 – Introduced web-based product
  • 2000 – Relocated world headquarters to Chelmsford, Mass.
  • 2001 – Delivered Workforce Central product suite
  • 2002 – Introduced Kronos 4500 time clock
  • 2003 – Completed 40th acquisition
  • 2005 – Aron Ain assumed role of CEO
    Reported 100th consecutive quarter of revenue growth and surpassed $500 million in revenue
  • 2006 – Established presence in China

Workforce Management Doesn’t Have to Be So Hard

Workforce Management Doesn’t Have to Be So Hard

2007 – 2015

Kronos disrupted the workforce management industry, yet again. After many years of being a public company, we went private with a renewed focus on innovation and a heavy investment in mobile, cloud-based solutions. Cloud continued to be the fastest growing part of the business with 90 percent of all new customers choosing cloud solutions.

  • 2007 – Became private-equity owned company
    Established presence in India
    Launched The Workforce Institute at Kronos
  • 2011 – Introduced Kronos InTouch time clock
  • 2012 – CEO Aron Ain named “Entrepreneur of the Year” by E&Y
    Delivered Workforce Ready cloud human capital management product suite
  • 2014 – Surpassed $1 billion in annual revenue
    Named the top (Large) place to work in Massachusetts by The Boston Globe
    Surpassed products being used in 100 countries
  • 2015 – Shipped one-millionth time clock

Workforce Innovation that Works

Workforce Innovation that Works

2016 – Present

Due to our continued growth and expansion, we announced our world headquarters move to Lowell, Mass. to a building with state-of-the art technology and amenities aimed to inspire employees. We are proud to employ more than 5,000 “Kronites” in 70 offices and 16 countries around the world. Today, we are recognized by industry analysts as the global leader in workforce management and human capital management.

  • 2015 – Shipped one-millionth time clock
  • 2016 – CEO Aron Ain named “Highest-rated CEO” by Glassdoor
    Surpassed 30,000 customers worldwide
    Surpassed 5,000 Kronites worldwide
  • 2017 – Relocated world headquarters to Lowell, Mass.
    Kronos completes 71st acquisition
    Surpassed 22,000 customers in the cloud