{{short description |Information Technology and consulting company based in Chicago, Illinois}} {{Use American English |date=August 2024}} {{Use mdy dates |date=August 2024}} {{about |the consulting company |the nonprofit organization |Alight}} {{Infobox company | name = Alight, Inc. | logo = Alight Solutions Logo.png | type = Public company | traded_as = {{ubl|{{NYSE|ALIT}} (Class A)|Russell 2000 component}} | industry = Professional services | founded = {{Start date and age|2017|05}} | hq_location_city = Chicago, Illinois | hq_location_country = United States | num_locations = 15 | num_locations_year = 2024 | area_served = United States, Canada | key_people = Dave Guilmette (CEO) | services = {{plainlist| *401(k) retirement *Benefits consulting *Financial management *Human resources *Health benefits administration }} | net_income = {{increase}} US$–73 million | net_income_year = 2021 | num_employees = Approx. 10,000 | num_employees_year = 2024 | website = {{URL|alight.com}} }}
'''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.
The company is headquartered in Chicago, Illinois. The company went public on July 6, 2021, trading in the New York Stock Exchange under ALIT.<ref name=ALIT>{{cite news|last1=Miller|first1=Ben|title=Alight Solutions goes public after $7.3 billion SPAC merger with Foley|url=https://www.bizjournals.com/chicago/news/2021/07/06/alight-solutions-goes-public-after.html|access-date=August 19, 2021|work=Chicago Business Journal|date=July 6, 2021|url-access=subscription}}</ref>
== 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.<ref>{{Citation|last=Jamerson|first=Joshua|date=February 10, 2017|title=Blackstone to Buy Aon's Human Resources Outsourcing Platform for $4.3 Billion|publisher=The Wall Street Journal|publication-place=New York City|url=https://www.wsj.com/articles/blackstone-to-buy-aons-human-resources-outsourcing-platform-for-4-3-billion-1486728608?tesla=y}}</ref><ref>{{Citation|date=June 6, 2017|title=Introducing Alight Solutions: Leading benefits administration and cloud-based HR services provider re-launches with new name|url=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|website=PR Newswire|publisher=Cision|accessdate=6 January 2020|quote=SOURCE Alight Solutions}}</ref><ref>{{Cite web |date=2021-01-29 |title=Alight Solutions Office Locations and Headquarters: Woodbury, NY |url=https://www.zippia.com/alight-com-careers-102608/locations/ |access-date=2023-02-08 |website=www.zippia.com |language=en-US}}</ref><ref>{{Cite web |title=Alight - Products, Competitors, Financials, Employees, Headquarters Locations |url=https://www.cbinsights.com/company/aon-hewitt-benefits-hr-service-platform |access-date=2023-02-08 |website=www.cbinsights.com}}</ref>
=== 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.<ref>{{Citation|date=March 1, 2018|title =Alight Solutions to Acquire Future Knowledge|url=https://www.hrtechnologist.com/news/benefits-administration/alight-solutions-to-acquire-future-knowledge-to-strengthen-cloud-deployment-capabilities/}}</ref> In July 2018, Alight acquired Compass Professional Health Services, a healthcare technology company based in Dallas, Texas.<ref>{{Citation|last=Isbell|first=Faith|publisher=Dallas Business Journal|date=June 13, 2018|title=Dallas-based health care company acquired by Alight Solutions|url=https://www.bizjournals.com/dallas/news/2018/06/13/dallas-based-health-care-company-acquired-by.html}}</ref><ref>{{Citation|last=Chaudhary|first=Mayuri|publisher=HR Technologist|date=March 1, 2018|title=Alight Solutions Acquires Compass Professional Health Services to Grow Health Navigation Capabilities|url=https://www.hrtechnologist.com/news/health-medical/alight-solutions-acquires-compass-professional-health-services-to-grow-health-navigation-capabilities/}}</ref>
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.<ref>{{Citation|publisher=The Register|date =September 8, 2018|title=Wipro can't believe its luck at sealing 10-year deal worth $1.6bn with Alight Solutions|url=https://www.theregister.co.uk/2018/09/03/alight_solutions_to_fling_up_to_16bn_at_wipro_over_10_years/}}</ref><ref>{{Citation|publisher=Business Standard|date=September 3, 2018|title=Wipro wins biggest contract of over $1.5 billion from Alight Solutions|newspaper=Business Standard India|url=https://www.business-standard.com/article/companies/wipro-wins-biggest-ever-contract-worth-over-1-5-bn-from-alight-solutions-118090200519_1.html|last1=Mohapatra|first1=Debasis}}</ref> In February 2019 Wipro went on to sell their Workday and Cornerstone OnDemand installations to Alight Solutions for $110 million.<ref>{{Citation|publisher=Bloomberg|date=February 27, 2019|title=Wipro To Sell Workday, Cornerstone OnDemand Business To Alight For Up To $110 Million|url=https://www.bloombergquint.com/business/wipro-to-sell-workday-cornerstone-on-demand-business-to-alight-for-up-to-usd-110-mn}}</ref>
On February 22, 2019, Alight announced the acquisition of Carlson Management Consulting, an Adaptive Insights implementation partner.<ref>{{Citation|publisher=HR Technologist|date=February 22, 2019|title=Alight Solutions Acquires Carlson Management Consulting|url=https://www.hrtechnologist.com/news/performance-management-hcm/alight-solutions-acquires-carlson-management-consulting/}}</ref> On August 1, 2019, Employee benefits platform Hodges-Mace was acquired by Alight Solutions.<ref>{{Citation|publisher=AtlantaInno|date=July 10, 2019|title=Employee Benefits Platform Hodges-Mace Acquired by Alight Solutions|url=https://www.americaninno.com/atlanta/fundings/employee-benefits-platform-hodges-mace-acquired-by-alight-solutions/}}</ref> On August 22, 2019, Alight Solutions announced the acquisition of NGA Human Resources, a provider of digital human resources and global payroll services.<ref>{{Citation|publisher=Chicago Daily Herald|date=August 22, 2019|title=Alight Solutions acquires NGA Human Resources |url=https://www.dailyherald.com/business/20190822/alight-solutions-acquires-nga-human-resources#comments}}</ref>
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.<ref>{{cite news |title=Alight Names Dave Guilmette as Chief Executive Officer |url=https://www.businesswire.com/news/home/20240826928141/en/Alight-Names-Dave-Guilmette-as-Chief-Executive-Officer |access-date=November 10, 2024 |work=Business Wire |date=August 26, 2024}}</ref>
== Recognition == Alight was certified as a Great Place to Work in October 2018.<ref> {{Citation|title=Alight Solutions – Great Place to Work United States|url=https://www.greatplacetowork.com/certified-company/7010374}}</ref> The International Association of Outsourcing Professionals (IAOP) named Alight to The Best of the Global Outsourcing 100 in May 2019.<ref>{{Citation|title=The Best of the Global Outsourcing 100 - Leaders - iaop.org|url=https://www.iaop.org/Content/19/165/5076}}</ref> In April 2024 Fortune magazine awarded Alight 74 of 100 companies to work for.<ref>{{cite web |title=Fortune Media and Great Place to Work Recognize Alight as a '100 Best Companies to Work For' in 2024 |url=https://finance.yahoo.com/news/fortune-media-great-place-recognize-122800218.html |website=Yahoo Finance |date=4 April 2024 |access-date=13 May 2024}}</ref>
==References== {{Reflist}}
==External links== {{Finance links | name = Alight, Inc. | symbol = ALIT | reuters = ALIT.N | bloomberg = ALIT:US | sec_cik = 1809104 | yahoo = ALIT | google = ALIT:NYSE }}
Category:American companies established in 2017 Category:Business services companies established in 2017 Category:Companies based in Lake County, Illinois Category:Lincolnshire, Illinois Category:Business process outsourcing companies of the United States Category:Corporate spin-offs Category:Companies listed on the New York Stock Exchange