Alight Solutions
Information Technology and consulting company based in Chicago, Illinois
From Wikipedia, the free encyclopedia
Alight Solutions is an American information technology and consulting company that provides cloud-based systems, outsourcing and consultancy related to human resource. They provide platforms and outsourcing for large companies to manage their human capital this includes health benefit administration, financial management and retirement planning.
- NYSE: ALIT (Class A)
- Russell 2000 component
| |
| Company type | Public company |
|---|---|
| |
| Industry | Professional services |
| Founded | May 2017 |
| Headquarters | , |
Number of locations | 15 (2024) |
Area served | United States, Canada |
Key people | Dave Guilmette (CEO) |
| Services |
|
 US$–73 million (2021) | |
Number of employees | Approx. 10,000 (2024) |
| Website | alight |
The company is headquartered in Chicago, Illinois. The company went public on July 6, 2021, trading in the New York Stock Exchange under ALIT.[1]
History
Foundation
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.[2][3][4][5]
Growth through acquisitions
In March 2018, Alight entered into a definitive agreement to acquire Future Knowledge, an HR advisory company in Australia and New Zealand.[6] In July 2018, Alight acquired Compass Professional Health Services, a healthcare technology company based in Dallas, Texas.[7][8]
In September 2018, India's third largest software services exporter 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.[9][10] In February 2019 Wipro went on to sell their Workday and Cornerstone OnDemand installations 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]
On July 6, 2021, the had an initial public offering (IPO) on the New York Stock Exchange. In August 2024, Dave Guilmette was hired as the new CEO of the company.[15]