Kronos Incorporated has announced that CEO Aron Ain '79 has received an Ernst & Young Entrepreneur of the Year Award in New England.
The prestigious awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in areas such as innovation, financial performance, and personal commitment to their business and community. Ain was recognized in the Technology category at a ceremony in Boston on June 21.
"I'm honored to be recognized by Ernst & Young among so many inspiring and visionary business leaders," said Ain. "Running a company is not an individual sport - it's a team effort. It's also not a spectator sport - it takes active participation, innovative thinking, and commitment from our employees and so many others who support our company. Kronos has a wonderfully bright future ahead!"
Since he joined Kronos in 1979, Ain has played a role in nearly every functional area at the company, helping to build what is today a 3,500-employee, $800-million global enterprise software company. Ain assumed the role of chief executive officer and member of the Kronos Board of Directors in 2005. In 2007, Ain played the leading role in negotiating the sale of Kronos to private equity firm Hellman & Friedman for $1.8 billion.
At Hamilton, Ain majored in economics and government. He serves on the Board of Trustees.
Kronos is one of New England’s largest technology employers, and the largest private employer in Chelmsford, Mass. where the company is headquartered. More than half of the Fortune 1000 companies use Kronos software to control labor costs, minimize compliance risk, and improve workforce productivity.