Alight Solutions
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| Company type | Public company |
|---|---|
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| Industry | Professional services |
| Founded | May 2017 |
| Headquarters | , U.S. |
Number of locations | 15 (2024) |
Area served | US, Canada |
Key people | Dave Guilmette (CEO) |
| Services |
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| Revenue |  US$2.915 billion (FY ended Dec 31, 2021) |
| US$167 million (FY ended Dec 31, 2021) | |
| US$–73 million (FY ended Dec 31, 2021) | |
| Total assets | US$10.988 billion (FY ended Dec 31, 2021) |
| Total equity | US$4.928 billion (FY ended Dec 31, 2021) |
Number of employees | ≈ 10,000 (July 2024) |
| Website | alight |
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]
History
[edit]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
[edit]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
[edit]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
[edit]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
[edit]- ^ "Alight Solutions LLC - Company Profile and News". Bloomberg.com. Retrieved February 8, 2023.
- ^ Miller, Ben (July 6, 2021). "Alight Solutions goes public after $7.3 billion SPAC merger with Foley". Chicago Business Journal. Retrieved August 19, 2021.
- ^ 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
- ^ "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
- ^ "Alight Solutions Office Locations and Headquarters: Woodbury, NY". www.zippia.com. January 29, 2021. Retrieved February 8, 2023.
- ^ "Alight - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved February 8, 2023.
- ^ "Alight Names Dave Guilmette as Chief Executive Officer". Business Wire. August 26, 2024. Retrieved November 10, 2024.
- ^ Alight Solutions to Acquire Future Knowledge, March 1, 2018
- ^ Isbell, Faith (June 13, 2018), Dallas-based health care company acquired by Alight Solutions, Dallas Business Journal
- ^ Chaudhary, Mayuri (March 1, 2018), Alight Solutions Acquires Compass Professional Health Services to Grow Health Navigation Capabilities, HR Technologist
- ^ Wipro To Sell Workday, Cornerstone OnDemand Business To Alight For Up To $110 Million, Bloomberg, February 27, 2019
- ^ Alight Solutions Acquires Carlson Management Consulting, HR Technologist, February 22, 2019
- ^ Employee Benefits Platform Hodges-Mace Acquired by Alight Solutions, AtlantaInno, July 10, 2019
- ^ Alight Solutions acquires NGA Human Resources, Chicago Daily Herald, August 22, 2019
- ^ Wipro can't believe its luck at sealing 10-year deal worth $1.6bn with Alight Solutions, The Register, September 8, 2018
- ^ Mohapatra, Debasis (September 3, 2018), "Wipro wins biggest contract of over $1.5 billion from Alight Solutions", Business Standard India, Business Standard
- ^ Alight Solutions – Great Place to Work United States
- ^ The Best of the Global Outsourcing 100 - Leaders - iaop.org
- ^ "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.
External links
[edit]- Business data for Alight, Inc.: