Company:Alight Solutions
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| Type | Public company |
|---|---|
| Industry | Professional services |
| Founded | May 2017 |
| Headquarters | Lincolnshire, Illinois , |
Number of locations | 59 (2024) |
Area served | Worldwide |
Key people | Stephan Scholl (CEO) |
| Services |
|
| Revenue |  United States dollar 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 | 16,000 (2024) |
| 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
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
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
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
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
- ↑ "Alight Solutions LLC - Company Profile and News" (in en). https://www.bloomberg.com/profile/company/1553943D:US.
- ↑ Miller, Ben (July 6, 2021). "Alight Solutions goes public after $7.3 billion SPAC merger with Foley". Chicago Business Journal. https://www.bizjournals.com/chicago/news/2021/07/06/alight-solutions-goes-public-after.html.
- ↑ 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, https://www.wsj.com/articles/blackstone-to-buy-aons-human-resources-outsourcing-platform-for-4-3-billion-1486728608?tesla=y
- ↑ Introducing Alight Solutions: Leading benefits administration and cloud-based HR services provider re-launches with new name, Cision, June 6, 2017, https://www.prnewswire.com/news-releases/introducing-alight-solutions-leading-benefits-administration-and-cloud-based-hr-services-provider-re-launches-with-new-name-300469128.html, retrieved 6 January 2020, "SOURCE Alight Solutions"
- ↑ "Alight Solutions Office Locations and Headquarters: Woodbury, NY" (in en-US). 2021-01-29. https://www.zippia.com/alight-com-careers-102608/locations/.
- ↑ "Alight - Products, Competitors, Financials, Employees, Headquarters Locations". https://www.cbinsights.com/company/aon-hewitt-benefits-hr-service-platform.
- ↑ Alight Solutions to Acquire Future Knowledge, March 1, 2018, https://www.hrtechnologist.com/news/benefits-administration/alight-solutions-to-acquire-future-knowledge-to-strengthen-cloud-deployment-capabilities/
- ↑ Isbell, Faith (June 13, 2018), Dallas-based health care company acquired by Alight Solutions, Dallas Business Journal, https://www.bizjournals.com/dallas/news/2018/06/13/dallas-based-health-care-company-acquired-by.html
- ↑ Chaudhary, Mayuri (March 1, 2018), Alight Solutions Acquires Compass Professional Health Services to Grow Health Navigation Capabilities, HR Technologist, https://www.hrtechnologist.com/news/health-medical/alight-solutions-acquires-compass-professional-health-services-to-grow-health-navigation-capabilities/
- ↑ Wipro To Sell Workday, Cornerstone OnDemand Business To Alight For Up To $110 Million, Bloomberg News, February 27, 2019, https://www.bloombergquint.com/business/wipro-to-sell-workday-cornerstone-on-demand-business-to-alight-for-up-to-usd-110-mn
- ↑ Alight Solutions Acquires Carlson Management Consulting, HR Technologist, February 22, 2019, https://www.hrtechnologist.com/news/performance-management-hcm/alight-solutions-acquires-carlson-management-consulting/
- ↑ Employee Benefits Platform Hodges-Mace Acquired by Alight Solutions, AtlantaInno, July 10, 2019, https://www.americaninno.com/atlanta/fundings/employee-benefits-platform-hodges-mace-acquired-by-alight-solutions/
- ↑ Alight Solutions acquires NGA Human Resources, Chicago Daily Herald, August 22, 2019, https://www.dailyherald.com/business/20190822/alight-solutions-acquires-nga-human-resources#comments
- ↑ Wipro can't believe its luck at sealing 10-year deal worth $1.6bn with Alight Solutions, The Register, September 8, 2018, https://www.theregister.co.uk/2018/09/03/alight_solutions_to_fling_up_to_16bn_at_wipro_over_10_years/
- ↑ Mohapatra, Debasis (September 3, 2018), "Wipro wins biggest contract of over $1.5 billion from Alight Solutions", Business Standard India (Business Standard), https://www.business-standard.com/article/companies/wipro-wins-biggest-ever-contract-worth-over-1-5-bn-from-alight-solutions-118090200519_1.html
- ↑ Alight Solutions – Great Place to Work United States, https://www.greatplacetowork.com/certified-company/7010374
- ↑ The Best of the Global Outsourcing 100 - Leaders - iaop.org, https://www.iaop.org/Content/19/165/5076
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