Recognizing the growing role of business intelligence in managing the workforce, Kronos Incorporated announced that it has acquired privately held ClarityMatters, Inc., a workforce analytics solution provider and business analytics consulting firm. Under the terms of the agreement, Kronos acquired ClarityMatters in a cash purchase transaction. The amount of the transaction was not disclosed.
This acquisition extends Kronos' leadership in workforce management by addressing a segment of the market that has been underserved by business intelligence vendors and other workforce management players. Together, Kronos and ClarityMatters combine best-in-class business intelligence tools with deep workforce management expertise to deliver the most powerful workforce analytics solution available.
As a result of the acquisition, Kronos has gained a wealth of business intelligence domain expertise spanning product development and professional services as well as business intelligence consulting. Acquiring ClarityMatters also extends the value of Kronos solutions by gaining a proven workforce analytics product for customers who desire unique insight into their data to make better business decisions related to the workforce.
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