“Eric Edmondson, Dave Dolan and the team at Signal Hill were fantastic partners who helped us locate the right home for this business. Kronos is the global leader in workforce management and our AutoTime customers will be in great hands.”
Kaba Holding AG Has Divested AutoTime Business to Kronos
Signal Hill is pleased to announce that its client, Kaba Holding AG, a leading provider of high quality access management solutions and enterprise data and time recording for a variety of industries, and a global market leader for high security systems, has entered into an agreement to divest its AutoTime® business to Kronos Incorporated, the global leader in delivering workforce solutions in the cloud.
AutoTime®, a time and attendance and labor management solution, provides real-time labor data visibility and tracks product costs, increasing operational efficiency and improving productivity. It is used by more than 100 organizations, including seven of the top 10 Fortune 500 aerospace and defense companies operating globally.
About Signal Hill
Signal Hill, named 2014 Boutique Investment Bank of the Year by the Global M&A Network, is a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®. For more information visit www.signalhill.com.