Kronos Continues to Outpace Workforce Management Market; Only Leading Vendor to See Market Share Gains

MISSISSAUGA, ON, June 17, 2014 /CNW/ - Kronos Incorporated today announced that according to the latest global study of workforce management solutions published by IHS Technology (NYSE: IHS), Kronos retains its leadership position in the global workforce management market. According to IHS data, during the period from 2011 to 2013, the worldwide workforce management market grew 7.9 percent, and, according to the latest study, during the same period, Kronos outpaced the market, growing at 11.2 percent. Only Kronos was found to have positive market share growth in all regions during such period, while the share of other leading suppliers of workforce management solutions declined.

News Facts

  • In 2013, Kronos led all vendors with a 25.6 percent share of the global workforce management market.
  • Also in 2013, in the Americas, Kronos broadened its number-one position by increasing its share to 37.7 percent. It also maintained its leadership positions in Canada, Oceania, and the United Kingdom and Ireland, while growing share in Europe, Middle East, Africa, Latin America, and Asia.
  • Kronos growth in Asia was particularly strong, growing 30 percent since 2011 to 14.4 percent.
  • The data described in this release was obtained from "The Workforce Management Solutions - World Report" (both the 2012 and 2014 editions), which provides a comprehensive assessment of the workforce management market and estimates market share held by leading suppliers. The latest report was published in April 2014 and written by Sam Grinter, market analyst at IHS.

Supporting Quotes

  • Aron Ain, chief executive officer, Kronos
    "It is an exciting time for Kronos. Not only have we surpassed $1 billion in annual revenue, but as IHS confirms, Kronos continues to outpace the workforce management market and acquire share from our competitors. It proves that our significant investments in the cloud, vertical market expertise, global expansion, and award-winning products are fueling our growth."

About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions in the cloud. Tens of thousands of organizations in more than 100 countries - including more than half of the Fortune 1000® - use Kronos to control labour costs, minimize compliance risk, and improve workforce productivity.  Learn more about Kronos industry-specific time and attendance, scheduling, absence management, HR and payroll, hiring, and labour analytics applications at www.kronos.ca. Kronos: Workforce Innovation That Works™.

© 2014 Kronos Incorporated.  Kronos and the Kronos logo are registered trademarks and Workforce Innovation That Works is a trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Image with caption: "Kronos Incorporated Logo (CNW Group/Kronos Inc.)". Image available at: http://photos.newswire.ca/images/download/20140617_C7318_PHOTO_EN_41442.jpg

SOURCE: Kronos Inc.

For further information:

Michele Glorie
Kronos Incorporated
+1 978.947.2855
michele.glorie@kronos.com

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