Jacqui Freeman – jd marketing
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Acquisition strengthens Kronos’ presence in U.K. and supports mid-market initiative
March 19th 2002 – Kronos® Incorporated (Nasdaq: KRON), the leading provider of time and attendance and labour management solutions, today announced that it has acquired Data Collection Systems Ltd (DCS) in a cash purchase transaction. DCS, a provider of time and attendance applications headquartered in Sevenoaks, Kent, was founded in 1986 and boasts a large and prestigious customer base of around 400 customers.
“The acquisition of DCS is consistent with Kronos’ strategy to gain momentum in select international markets,” said Mark S. Ain, Kronos chief executive officer. “The agreement is also consistent with our strategy to increase presence in the mid-market sector. As a result of our acquisition of DCS, Kronos has created the leading and most well-established time and attendance and labour management solutions provider in the U.K.”
Keith Statham, managing director of Kronos in the U.K. commented, “DCS customers have become part of the Kronos customer community during the most exciting product development timeframe in Kronos’ history. We believe that DCS customers will be pleased with the formidable team that we have created by uniting DCS and Kronos.”
DCS is now known as DCS Solutions, a division of Kronos Systems Ltd. DCS management and employees will remain at their Sevenoaks location and work in conjunction with Kronos staff based in Wokingham and Doncaster.
“As a result of this agreement, DCS customers will benefit from labour management solutions and services that only a world class company like Kronos can provide,” said Chris Webster, co-founder of DCS. “Kronos’ commitment to ongoing research and development will surely meet – if not exceed – our customers’ future needs. I am confident that DCS customers will be impressed with what Kronos has to offer.”
The acquisition gives DCS customers access to Kronos’ vast product portfolio, including its Web-based Workforce Central™ and Kronos iSeries Central suites, as well as Timekeeper Central® and ShopTrac Pro®.
Group shot available of key Kronos and DCS personnel
About Kronos Incorporated
Kronos Incorporated is universally recognised as the world’s no.1 provider of solutions for time and attendance and labour management. With approximately 40,000 customers worldwide, Chelmsford, Mass.-based Kronos offers the broadest suite of applications for managing employee time and activity data, scheduling the workforce, and providing frontline managers with the tools they need to measure and improve labour productivity. Kronos applications allow organisations of all sizes to automate labour management for their entire workforce.
About Data Collection Systems
Data Collection Systems ( DCS ) has specialised in attendance recording and data collection software since 1986, offering computerised time management systems across all the major hardware platforms used in business today. Demand is growing for quality human resource information to closely monitor and control key areas in a business such as who is on site, absence, overtime and working hours regulations. DCS solutions provide instant, easy access to the accurate information and analysis that organisations need.
© 2002 Kronos Incorporated. Kronos, Timekeeper Central, ShopTrac Pro and the Kronos logo are registered trademarks and Workforce Central is a trademark of Kronos Incorporated. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
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