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Alight Solutions
Company typePublic company
IndustryProfessional services
FoundedMay 2017
Headquarters
Lincolnshire, Illinois
,
United States
Number of locations
59 (2024)
Area served
Worldwide
Key people
Stephan Scholl (CEO)
Services
  • 401(k) retirement
  • Benefits consulting
  • Financial management
  • Human resources
  • Health benefits administration
  • Payroll
RevenueIncrease US$2.915 billion (FY ended 12/31/2021)
Increase US$167 million (FY ended 12/31/2021)
Increase -US$73 million (FY ended 12/31/2021)
Total assetsIncrease US$10.988 billion (FY ended 12/31/2021)
Total equityIncrease US$4.928 billion (FY ended 12/31/2021)
Number of employees
16,000 (2024)
Websitealight.com

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

  1. ^ "Alight Solutions LLC - Company Profile and News". Bloomberg.com. Retrieved 2023-02-08.
  2. ^ Miller, Ben (July 6, 2021). "Alight Solutions goes public after $7.3 billion SPAC merger with Foley". Chicago Business Journal. Retrieved August 19, 2021.
  3. ^ 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
  4. ^ "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
  5. ^ "Alight Solutions Office Locations and Headquarters: Woodbury, NY". www.zippia.com. 2021-01-29. Retrieved 2023-02-08.
  6. ^ "Alight - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2023-02-08.
  7. ^ Alight Solutions to Acquire Future Knowledge, March 1, 2018
  8. ^ Isbell, Faith (June 13, 2018), Dallas-based health care company acquired by Alight Solutions, Dallas Business Journal
  9. ^ Chaudhary, Mayuri (March 1, 2018), Alight Solutions Acquires Compass Professional Health Services to Grow Health Navigation Capabilities, HR Technologist
  10. ^ Wipro To Sell Workday, Cornerstone OnDemand Business To Alight For Up To $110 Million, Bloomberg, February 27, 2019
  11. ^ Alight Solutions Acquires Carlson Management Consulting, HR Technologist, February 22, 2019
  12. ^ Employee Benefits Platform Hodges-Mace Acquired by Alight Solutions, AtlantaInno, July 10, 2019
  13. ^ Alight Solutions acquires NGA Human Resources, Chicago Daily Herald, August 22, 2019
  14. ^ Wipro can't believe its luck at sealing 10-year deal worth $1.6bn with Alight Solutions, The Register, September 8, 2018
  15. ^ Mohapatra, Debasis (September 3, 2018), "Wipro wins biggest contract of over $1.5 billion from Alight Solutions", Business Standard India, Business Standard
  16. ^ Alight Solutions – Great Place to Work United States
  17. ^ The Best of the Global Outsourcing 100 - Leaders - iaop.org
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