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[ clarification needed ]; 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]

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.
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