Cincinnati Time Systems, Inc.
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Cincinnati Time Systems, Inc. - overview
Established
1896
Location
Farmington Hills, MI, US
Primary Industry
Software
About
Based in Michigan, US, and founded in 1896 by James Gamble of Proctor and Gamble, Cincinnati Time Systems, Inc. is a time and attendance solutions company. The company was formerly known as Cincinnati Time Recorder and was renamed Cincinnati Time Systems in 1993 when President Mark Dykstra bought CTS. In August 2021, Ascentis acquired the company.
CTS provides time-based service offerings to businesses and institutions. The company offers hardware and software solutions used in time and attendance, parking systems, video surveillance, and access control. CTS also provides installation and training services. With Ascentis acquisition, the company aims to strengthen its market presence in the Midwest, a region dependent on labor-driven workforces to support their economies.
Current Investors
Ascentis Corporation
Primary Industry
Software
Sub Industries
Consumer Electronics, Education & Training Services, Computer & Related Peripherals, HR & Workforce Software, Monitoring & Security Software, Systems Management Software
Website
www.cintimesys.com
Verticals
Cloud Computing, IoT (Internet of Things), Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Cincinnati Time Systems, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Cincinnati Time Systems, Inc. | - |
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Cincinnati Time Systems, Inc. - employee data
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