Ultimate Software Celebrates 15 Years as a Public Company; Putting People First

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Ultimate Software Celebrates 15 Years as a Public Company; Putting People First

WESTON, Fla.--(BUSINESS WIRE)-- Ultimate Software (NAS: ULTI) , a leading cloud provider of people management solutions, is celebrating 15 years of being publicly traded on NASDAQ.

Ultimate was founded in 1990 and later went public in 1998 — with a focus on developing and delivering outstanding human resources technology solutions, backed by a culture of loyalty, passion, and a commitment to excellence. Over the past 15 years, Ultimate has grown to more than 1,700 employees supporting more than 2,500 customers whose operations span 144 countries.

Today, Ultimate is a leading cloud HR and payroll provider, managing more than 10 million people records for some of the world's most recognized and respected brands, such as Adobe, Culligan International, and Texas Roadhouse. Ultimate's company culture has also received national recognition as one of FORTUNE magazine's top 10 Best Companies to Work For.

Ultimate Software's 'People First' culture is the foundation of the company's success and is regularly part of the selection and renewal criteria for customers. The company's 96% customer and employee retention rates are among the very best in the HR technology industry.

"Ultimate's people are professional, on the ball, and go the extra mile when needed. I can see why Ultimate is so successful," said Genia Stuart, HR director at Ripley Entertainment Inc., an Ultimate customer since 2011. Ripley uses the UltiPro solution to handle its payroll and end-to-end HR for both Canada and U.S.-based employees. "I believe people do business with people rather than corporations, and Ultimate's people and culture stand out and make the company extraordinary."

While Ultimate's products have evolved and innovated — from a leader in unified HCM software to pioneering the move to the cloud in 2002— the company's primary commitment to its culture has not changed.

"I have always believed that if we take care of our employees, they will take care of our customers, and our stock holders will be happy with the results," said Scott Scherr, president, CEO and founder at Ultimate Software. "We believe this guiding principle sets us apart from other providers in the human capital management (HCM) market and will continue to differentiate us in the years to come."

'People First' Is the Foundation for Business Success

According to a 2011 Gallup study, organizations with engaged employees and a strong culture have 3.9 times the earnings per share growth rate compared to organizations with lower engagement in the same industry. Also, the stock performance of companies on FORTUNE's list of the "100 Best Companies to Work For" has consistently outperformed the S&P 500. Since Ultimate Software began providing HR solutions in the cloud in 2002, the company has grown recurring revenue from $29.3 million to $266.4 million.

About Ultimate Software

Ultimate is a leading cloud-based provider of people management solutions, with more than 10 million people records in the cloud. Built on the belief that people are the most important ingredient of any business, Ultimate's award-winning UltiPro delivers HR, payroll, and talent management solutions that seamlessly connect people with the information and resources they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and has more than 1,700 professionals focused on developing the highest quality solutions and services. In 2013, Ultimate was ranked #9 on FORTUNE's list of the "100 Best Companies to Work For," and Minyanville Media Inc. named Ultimate among the top 10 most ethical businesses in the U.S. Ultimate has more than 2,500 customers with employees in 144 countries, including Adobe Systems Incorporated, Culligan International, Major League Baseball, The New York Yankees Baseball Team, Pep Boys, and Texas Roadhouse. More information on Ultimate's products and services for people management can be found at www.ultimatesoftware.com.

UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.

Follow Ultimate Software on Twitter: www.twitter.com/UltimateHCM

Follow Ultimate Software on LinkedIn: http://linkd.in/UltimateHCM

Ultimate Software, Weston
Public Relations Contact: Darlene Marcroft, 954-331-7444
For Sales Information:
Ultimate Software, 800-432-1729
Web site: www.ultimatesoftware.com

KEYWORDS:   United States  North America  Florida


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