Alight Solutions

Last updated

Alight, Inc.
Company type Public company
Industry Professional services
FoundedMay 2017;7 years ago (2017-05)
Headquarters
Chicago, Illinois
,
U.S.
Number of locations
15 (2024)
Area served
US, Canada
Key people
Dave Guilmette (CEO)
Services
  • 401(k) retirement
  • Benefits consulting
  • Financial management
  • Human resources
  • Health benefits administration
RevenueIncrease2.svg US$2.915 billion (FY ended Dec 31, 2021)
Increase2.svg US$167 million (FY ended Dec 31, 2021)
Increase2.svg US$–73 million (FY ended Dec 31, 2021)
Total assets Increase2.svg US$10.988 billion (FY ended Dec 31, 2021)
Total equity Increase2.svg US$4.928 billion (FY ended Dec 31, 2021)
Number of employees
≈ 10,000 (July 2024)
Website alight.com

Alight Solutions is an information technology and consulting company based in Chicago, Illinois. The company provides cloud-based digital business and human capital service solutions; particularly within the areas of wealth and health resources. [1] The company went public on July 6, 2021, trading in the New York Stock Exchange under ALIT. [2]

Contents

History

Alight was formed in May 2017 after the acquisition of the benefits outsourcing department of Aon Hewitt by private equity funds affiliated with Blackstone Group L.P. [3] [4] It is headquartered in Chicago, Illinois. [5] [6]

In August 2024, Dave Guilmette was hired as a new CEO of the company. [7]

Acquisitions

In March 2018, Alight entered into a definitive agreement to acquire Future Knowledge, an HR advisory company in Australia and New Zealand. [8] In July 2018, Alight acquired Compass Professional Health Services, a healthcare technology company based in Dallas, Texas. [9] [10] In February 2019, India's third largest software services exporter Wipro sold their Workday and Cornerstone OnDemand business to Alight Solutions for $110 million. [11] On February 22, 2019, Alight announced the acquisition of Carlson Management Consulting, an Adaptive Insights implementation partner. [12] On August 1, 2019, Employee benefits platform Hodges-Mace was acquired by Alight Solutions. [13] On August 22, 2019, Alight Solutions announced the acquisition of NGA Human Resources, a provider of digital human resources and global payroll services. [14]

Partnerships

In September 2018, Wipro announced a $1.5 billion, 10-year engagement with Alight Solutions. According to its contract with Alight, Wipro has been mandated to digitally transform the Illinois-headquartered company's business. [15] [16]

Awards

Alight was certified as a Great Place to Work in October 2018. [17] The International Association of Outsourcing Professionals (IAOP) named Alight to The Best of the Global Outsourcing 100 in May 2019. [18] In April 2024 Fortune magazine awarded Alight 74 of 100 companies to work for. [19]

Related Research Articles

<span class="mw-page-title-main">Aon (company)</span> Professional services firm

Aon plc is a global professional services firm that offers a range of risk-mitigation products. Aon has approximately 50,000 employees across 120 countries.

<span class="mw-page-title-main">Paychex</span> American payment technology company

Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses. Founded in 1971 and headquartered in Rochester, New York, the company has more than 100 offices serving approximately 740,000 payroll clients in the U.S. and Europe. Paychex is ranked 681st on the Fortune 500 list of largest corporations by revenue.

<span class="mw-page-title-main">Dayforce</span> American technology company

Dayforce, Inc., formerly Ceridian, is a provider of human resources software and services with employees across its global footprint in the United States, Canada, Europe, Middle East, Latinamerica, Africa (EMEA), and the Asia Pacific Japan (APJ) region. It is a publicly traded company on the New York Stock Exchange and Toronto Stock Exchange.

<span class="mw-page-title-main">Adecco</span> Swiss multinational human resource consulting company

The Adecco Group is a Swiss–French company based in Zürich, Switzerland. It is the world's second largest human resources provider and temporary staffing firm. It is a Fortune Global 500 company and is listed on the SIX Swiss Exchange.

Exult Inc. was a company headquartered in Irvine, California that provided business services related to Human Resources (HR) and Business Process Outsourcing (BPO).

NEC Software Solutions, formerly Northgate Public Services, is a provider of specialist software and outsourcing services for the public sector and is based in the United Kingdom. This followed its acquisition by NEC Corporation in January 2018.

<span class="mw-page-title-main">Towers Perrin</span>

Towers Perrin was a professional services firm that provided human resource consulting, financial services consulting, reinsurance intermediary services, as well as actuarial consulting services via its Tillinghast subsidiary. The firm was entirely owned by its employees. In 2010, the firm merged with Watson Wyatt Worldwide, forming Towers Watson.

The human resource consulting industry has emerged from management consulting and addresses human resource management tasks and decisions.

<span class="mw-page-title-main">Workday, Inc.</span> American software company

Workday, Inc., is an American on‑demand (cloud-based) financial management, human capital management, and student information system software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle's acquisition of PeopleSoft in 2005.

Mercer is an American consulting firm founded in 1945. It is one of the four operating subsidiaries of global professional services firm Marsh McLennan. Mercer is headquartered in New York City with offices in 43 countries and operations in 130 countries. The company primarily provides human resources and financial services consulting services to its clients.

<span class="mw-page-title-main">Mastek</span> Indian multinational technology company

Mastek is an enterprise-level digital engineering and cloud transformation company with operations in 40 countries. Listed on the National Stock Exchange and Bombay Stock Exchange, the company provides digital transformation services and software to large public and private enterprises, with over 5,810 employees globally. The company is headquartered in Mumbai, Maharashtra.

<span class="mw-page-title-main">TriNet</span> American cloud-based professional employer organization

TriNet Group, Inc. is a Dublin, California-based professional employer organization for small and medium-sized businesses. TriNet administers payroll and health benefits and advises clients on employment law compliance and risk reduction, acting in some cases as an outsourced human resources department. TriNet is headquartered in. TriNet partners with organizations between 3 and 2,500 employees.

<span class="mw-page-title-main">Wipro</span> Multinational IT services and consulting company

Wipro Limited is an Indian multinational technology company that provides information technology, consulting and business process services. It is one of the six leading Indian Big Tech companies. Wipro's capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technologies, servicing customers in 167 countries.

Segal is a benefits and human resources consulting firm headquartered in New York City, with 1,100 employees throughout the U.S. and Canada. It is the parent of Segal Marco Advisors, Segal Select Insurance Services, Inc., andSegal Benz.

<span class="mw-page-title-main">Aon Hewitt</span> American consulting company

Aon Hewitt was a provider of human capital and management consulting services headquartered in Lincolnshire, Illinois in the United States. From 500 offices in 120 countries, it provided consulting, outsourcing, and reinsurance brokerage services. The "Aon Hewitt" brand and legal entities have now been absorbed into the "Aon" business, leaving obsolete the names "Hewitt" and "Aon Hewitt."

<span class="mw-page-title-main">Endava</span> Software development company

Endava PLC is a British public-listed software development company, founded in 2000 in London, United Kingdom. It provides digital transformation consulting, agile software development services and various automation solutions.

<span class="mw-page-title-main">Willis Towers Watson</span> Global insurance company

Willis Towers Watson plc, branded as WTW and stylised in its logo as wtw, is a British-American multinational company that provides commercial insurance brokerage services, strategic risk management services, employee benefits and compensation management, and actuarial analysis and investment management for pension plans and financial endowments. Insurance brokerage and risk management services account for 40% of the company's revenues, while employee benefit and wealth-related services account for 60% of revenues. The company operates in more than 140 countries. Customers include 95% of FTSE 100 companies, 89% of Fortune 1000 companies, and 91% of Fortune Global 500 companies. The company is the largest administrator among the 200 largest pension plans in the U.K. and one of the largest in Germany. The company is domiciled in Ireland, with its principal executive offices at the Willis Building in London.

<span class="mw-page-title-main">LifeWorks</span> Canadian professional services company

LifeWorks, formerly known as Morneau Shepell, was a human resources services and technology company headquartered in Toronto, Ontario, Canada. Established in 1966, LifeWorks served approximately 24,000 clients in North America. Besides North American offices, LifeWorks also had offices outside North America, including Brazil, Australia and the United Kingdom. LifeWorks was a publicly traded company on the Toronto Stock Exchange, with market capitalization of $2 billion.

Michael J. Salvino is an American business executive. He was president and CEO of DXC Technology from September 2019 to December 2023.

ScienceSoft USA Corporation, doing business as ScienceSoft, is an international IT consulting and software development company founded in McKinney, Texas, USA and operating in the US, the Gulf Cooperation Council, and the EU.

References

  1. ↑ "Alight Solutions LLC - Company Profile and News". Bloomberg.com. Retrieved February 8, 2023.
  2. ↑ Miller, Ben (July 6, 2021). "Alight Solutions goes public after $7.3 billion SPAC merger with Foley" . Chicago Business Journal . Retrieved August 19, 2021.
  3. ↑ Jamerson, Joshua (February 10, 2017), Blackstone to Buy Aon's Human Resources Outsourcing Platform for $4.3 Billion, New York City: The Wall Street Journal
  4. ↑ "Introducing Alight Solutions: Leading benefits administration and cloud-based HR services provider re-launches with new name", PR Newswire, Cision, June 6, 2017, retrieved January 6, 2020, SOURCE Alight Solutions
  5. ↑ "Alight Solutions Office Locations and Headquarters: Woodbury, NY". www.zippia.com. January 29, 2021. Retrieved February 8, 2023.
  6. ↑ "Alight - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved February 8, 2023.
  7. ↑ "Alight Names Dave Guilmette as Chief Executive Officer". Business Wire. August 26, 2024. Retrieved November 10, 2024.
  8. ↑ Alight Solutions to Acquire Future Knowledge, March 1, 2018
  9. ↑ Isbell, Faith (June 13, 2018), Dallas-based health care company acquired by Alight Solutions, Dallas Business Journal
  10. ↑ Chaudhary, Mayuri (March 1, 2018), Alight Solutions Acquires Compass Professional Health Services to Grow Health Navigation Capabilities, HR Technologist
  11. ↑ Wipro To Sell Workday, Cornerstone OnDemand Business To Alight For Up To $110 Million, Bloomberg, February 27, 2019
  12. ↑ Alight Solutions Acquires Carlson Management Consulting, HR Technologist, February 22, 2019
  13. ↑ Employee Benefits Platform Hodges-Mace Acquired by Alight Solutions, AtlantaInno, July 10, 2019
  14. ↑ Alight Solutions acquires NGA Human Resources, Chicago Daily Herald, August 22, 2019
  15. ↑ Wipro can't believe its luck at sealing 10-year deal worth $1.6bn with Alight Solutions, The Register, September 8, 2018
  16. ↑ Mohapatra, Debasis (September 3, 2018), "Wipro wins biggest contract of over $1.5 billion from Alight Solutions", Business Standard India, Business Standard
  17. ↑ Alight Solutions – Great Place to Work United States
  18. ↑ The Best of the Global Outsourcing 100 - Leaders - iaop.org
  19. ↑ "Fortune Media and Great Place to Work Recognize Alight as a '100 Best Companies to Work For' in 2024". Yahoo Finance. April 4, 2024. Retrieved May 13, 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.