Alight Solutions

This article is about the consulting company. For the nonprofit organization, see Alight.

Alight Solutions is an information technology and consulting company based in Chicago, Illinois. The company provides cloud-based digital business and human capital service solutions^{[clarification needed]}; particularly within the areas of wealth and health resources.^[1] The company went public on July 6, 2021, trading in the New York Stock Exchange under ALIT.^[2]

Alight, Inc.

Company type	Public company
Traded as	NYSE: ALIT (Class A) Russell 2000 component
Industry	Professional services
Founded	May 2017; 7 years ago (2017-05)
Headquarters	Chicago, Illinois , U.S.
Number of locations	15 (2024)
Area served	US, Canada
Key people	Dave Guilmette (CEO)
Services	401(k) retirement Benefits consulting Financial management Human resources Health benefits administration
Revenue	US$2.915 billion (FY ended Dec 31, 2021)
Operating income	US$167 million (FY ended Dec 31, 2021)
Net income	US$–73 million (FY ended Dec 31, 2021)
Total assets	US$10.988 billion (FY ended Dec 31, 2021)
Total equity	US$4.928 billion (FY ended Dec 31, 2021)
Number of employees	≈ 10,000 (July 2024)
Website	alight.com

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 Chicago, Illinois.^[5][6]

In August 2024, Dave Guilmette was hired as a new CEO of the company.^[7]

Acquisitions

In March 2018, Alight entered into a definitive agreement to acquire Future Knowledge, an HR advisory company in Australia and New Zealand.^[8] In July 2018, Alight acquired Compass Professional Health Services, a healthcare technology company based in Dallas, Texas.^[9][10] In February 2019, India's third largest software services exporter Wipro sold their Workday and Cornerstone OnDemand business 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]

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.^[15][16]

Awards

Alight was certified as a Great Place to Work in October 2018.^[17] The International Association of Outsourcing Professionals (IAOP) named Alight to The Best of the Global Outsourcing 100 in May 2019.^[18] In April 2024 Fortune magazine awarded Alight 74 of 100 companies to work for.^[19]