Alight Solutions is an Information technology and consulting company based in

Lincolnshire, Illinois Lincolnshire is a village in Vernon Township, Lake County, in the U.S. state of Illinois. The village is a northern suburb of Chicago. Per the 2020 census, the population was 7,940. Lincolnshire was incorporated on August 5, 1957, from the un ...

. The company provides cloud-based digital business and human capital service solutions; particularly within the areas of wealth, health and Human Resources. The company went public on July 6, 2021, trading in the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...

under ALIT.

History

Alight was formed in May 2017 after the acquisition of the benefits outsourcing department of

Aon Hewitt Aon Hewitt (formerly known as Hewitt Associates) was a provider of human capital and management consulting services headquartered in Lincolnshire, Illinois in the United States. From 500 offices in 120 countries, it provided consulting, outsour ...

by private equity funds affiliated with Blackstone Group L.P. It is headquartered in Lincolnshire, Illinois, with 7 sites located elsewhere within the US.

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 Wipro Limited (formerly, Western India Palm Refined Oils Limited) is an Indian multinational corporation that provides information technology, consulting and business process services. Thierry Delaporte is serving as CEO and managing directo ...

sold their Workday and

Cornerstone OnDemand Cornerstone OnDemand, Inc. is a cloud-based people development software provider and learning technology company. The company was publicly traded on the NASDAQ stock exchange under the ticker symbol until it was acquired by private-equity firm Cle ...

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,

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.

References

{{Reflist American companies established in 2017 Business services companies established in 2017 Companies based in Lake County, Illinois Lincolnshire, Illinois Business process outsourcing companies of the United States Corporate spin-offs Companies listed on the New York Stock Exchange