Alight Solutions
| Company type | Public |
|---|---|
| Industry | IT and consulting |
| Founded | May 2017 |
| Founder | Private equity firms connected to Blackstone Group L.P. |
| Headquarters | Chicago , United States |
Area served | Global |
Key people | Dave Guilmette (CEO, since August 2024) |
| Products | Cloud-based platforms, outsourcing, advisory services, health benefits administration, financial oversight, retirement solutions, 401(k) plan services |
Alight Solutions is an American IT and consulting company focused on cloud-based platforms, outsourcing, and advisory services tailored to human resource management. Its portfolio encompasses administration of health benefits, financial oversight, retirement solutions, and 401(k) plan services for major corporations.
Based in Chicago, Illinois, Alight debuted on the New York Stock Exchange on July 6, 2021, where it trades under the symbol ALIT.
Establishment
Alight was founded in May 2017 following the acquisition of Aon Hewitt’s benefits outsourcing division by private equity firms connected to Blackstone Group L.P.. This transaction established Alight as a prominent entity in benefits administration and cloud HR solutions.
Expansion via acquisitions
In March 2018, Alight expanded its presence by acquiring Future Knowledge, an HR consultancy operating in Australia and New Zealand. Later that year, in July, it purchased Compass Professional Health Services, a Dallas-based healthcare technology firm.
September 2018 saw Wipro, India’s third largest software exporter, secure a $1.5 billion digital transformation agreement spanning ten years with Alight Solutions. Subsequently, in February 2019, Wipro divested its Workday and Cornerstone OnDemand implementations to Alight for $110 million.
On February 22, 2019, Alight enhanced its Adaptive Insights capabilities by acquiring Carlson Management Consulting. The company further broadened its offerings in August 2019 with the purchase of Hodges-Mace, an employee benefits platform, along with NGA Human Resources, a global provider of digital HR and payroll services.
Alight launched its initial public offering on the New York Stock Exchange on July 6, 2021. In August 2024, Dave Guilmette was named the organization’s new chief executive officer.
Recognition
In October 2018, Alight earned certification as a Great Place to Work. The International Association of Outsourcing Professionals (IAOP) recognized the company within The Best of the Global Outsourcing 100 list in May 2019. Additionally, Fortune magazine included Alight among the 100 Best Companies to Work For in April 2024.