How it started
History
Kronos was founded in 1977 by Massachusetts Institute of Technology (MIT) and Simon Business School alumnus Mark S. Ain. Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history.
In 1979, Kronos delivered the world's first microprocessor-based time clock and, in 1985, delivered its first PC-based time and attendance product.
In 1992, Kronos became a publicly traded company on NASDAQ.
Aron Ain succeeded his brother Mark Ain as chief executive officer in 2005.
In March 2007, Kronos went private again, bought out for US$1.74 billion by the lead investor Hellman & Friedman and the secondary investor JMI Equity.
From Wikipedia’s article on Kronos Incorporated, shared under CC BY-SA 4.0.2