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Charlotte, NC; April 27, 2006 - DecisionPoint International (“DecisionPoint”), a boutique investment bank providing merger and acquisition services to middle-market services and technology clients, announced today that its client, ClarityMatters, Inc. (“ClarityMatters”), an Atlanta-based workforce analytics solution provider and business analytics consulting firm, has been acquired by Kronos® Incorporated (“Kronos”), a publicly-traded (NASDAQ: KRON) leading workforce management company. 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.
Gary Giles, founder and former chief executive officer of ClarityMatters, commented, “ClarityMatters, recognized for its depth of expertise in business intelligence and custom consulting engagements, and Kronos, the market- and thought-leader in workforce management, have created a powerful combination of forces to address the market’s workforce analytics needs.”
The ClarityMatters workforce analytics solution will soon be available as Workforce Analytics(TM), a fully integrated application within Kronos’ Workforce Central® suite.
“Acquiring ClarityMatters accelerates Kronos’ ability to further extend our workforce analytics vision,” said Aron Ain, Kronos chief executive officer. “Our vision is to deliver powerful analytics tools that provide unique insight into utilization of the workforce relative to corporate objectives–empowering organizations to more effectively manage the workforce.”
About ClarityMatters
ClarityMatters is a workforce analytics solution provider and business analytics consulting firm. ClarityMatters has been a certified Kronos partner since 2004, during which time the company developed a robust workforce analytics solution specifically designed to integrate with Kronos’ Workforce Central suite. For more information, visit www.claritymatters.com.
About Kronos.
Kronos Incorporated is the most trusted name in workforce management. Kronos helps organizations staff, develop, deploy, track, and reward their workforce, resulting in reduced costs, increased productivity, better decision-making, improved employee satisfaction, and alignment with organizational objectives. More than 20 million people use a Kronos solution every day. For more information, visit www.kronos.com.
About DecisionPoint
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Doug Ellis, Managing Partner; (704) 916-9070; DEllis@DecisionPointINT.com.