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 | 59 (2024) |
Area served | Worldwide |
Key people | Stephan Scholl (CEO) |
| Services |
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| Revenue |  US$2.915 billion (FY ended 12/31/2021) |
| US$167 million (FY ended 12/31/2021) | |
| US$–73 million (FY ended 12/31/2021) | |
| Total assets | US$10.988 billion (FY ended 12/31/2021) |
| Total equity | US$4.928 billion (FY ended 12/31/2021) |
Number of employees | ‹See Tfd› ≈ 18,000 (December 2023) |
| Website | alight |
Alight Solutions is an Information technology and consulting company based in Lincolnshire, Illinois. The company provides cloud-based digital business and human capital service solutions; particularly within the areas of wealth, health and Human 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 Lincolnshire, Illinois, with 7 sites located elsewhere within the US.[5][6]
Acquisitions[edit]
In March 2018, Alight entered into a definitive agreement to acquire Future Knowledge, an HR advisory company in Australia and New Zealand.[7] In July 2018, Alight acquired Compass Professional Health Services, a healthcare technology company based in Dallas, Texas.[8][9] In February 2019, India's third largest software services exporter Wipro sold their Workday and Cornerstone OnDemand business to Alight Solutions for $110 million.[10] On February 22, 2019, Alight announced the acquisition of Carlson Management Consulting, an Adaptive Insights implementation partner.[11] On August 1, 2019, Employee benefits platform Hodges-Mace was acquired by Alight Solutions.[12] On August 22, 2019, Alight Solutions announced the acquisition of NGA Human Resources, a provider of digital human resources and global payroll services.[13]
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.[14][15]
Awards[edit]
Alight was certified as a Great Place to Work in October 2018.[16] The International Association of Outsourcing Professionals (IAOP) named Alight to The Best of the Global Outsourcing 100 in May 2019.[17]
References[edit]
- ^ "Alight Solutions LLC - Company Profile and News". Bloomberg.com. Retrieved 2023-02-08.
- ^ 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 6 January 2020,
SOURCE Alight Solutions
- ^ "Alight Solutions Office Locations and Headquarters: Woodbury, NY". www.zippia.com. 2021-01-29. Retrieved 2023-02-08.
- ^ "Alight - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2023-02-08.
- ^ 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
External links[edit]
- Official website
- Business data for Alight, Inc.: