HR Software Market: Minority Stake in Kronos Sold for $750 Million

The Blackstone Group and GIC had agreed to pay $750 million for about a 44% equity stake in the HR software giant Kronos ($4.5b enterprise value, including debt). Human resources technology is in strong demand driven by switch to cloud computing model gradually replacing traditional in-house workforce management infrastructure.

Related market reports:
UK Human Resources (HR) Software Market Forecast 2013-2018
Human Resources (HR) Software Market Forecast 2013-2018