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| Company type | Public company |
|---|---|
| Traded as |
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| Industry | Professional services |
| Founded | May 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 |
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| Revenue |  US$2.915 billion (FY ended Dec 31, 2021) |
| Operating income | US$167 million (FY ended Dec 31, 2021) |
| Net income | US$–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; particularly within the areas of wealth and health resources. The company went public on July 6, 2021, trading in the New York Stock Exchange under ALIT.
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. It is headquartered in Chicago, Illinois.
In August 2024, Dave Guilmette was hired as a new CEO of the company.
Acquisitions
In March 2018, Alight entered into a definitive agreement to acquire Future Knowledge, an HR advisory company in Australia and New Zealand. In July 2018, Alight acquired Compass Professional Health Services, a healthcare technology company based in Dallas, Texas. In February 2019, India's third largest software services exporter Wipro sold their Workday and Cornerstone OnDemand business to Alight Solutions for $110 million. On February 22, 2019, Alight announced the acquisition of Carlson Management Consulting, an Adaptive Insights implementation partner. On August 1, 2019, Employee benefits platform Hodges-Mace was acquired by Alight Solutions. On August 22, 2019, Alight Solutions announced the acquisition of NGA Human Resources, a provider of digital human resources and global payroll services.
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.
Awards
Alight was certified as a Great Place to Work in October 2018. The International Association of Outsourcing Professionals (IAOP) named Alight to The Best of the Global Outsourcing 100 in May 2019. In April 2024 Fortune magazine awarded Alight 74 of 100 companies to work for.
References
- "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
- Business data for Alight, Inc.: