Ultimate Software Ranks #25 on FORTUNE’s “100 Best Companies to Work For” List

Top-Ranked Cloud Provider, Only Human Capital Management Provider on 2012 List

WESTON, Fla.--(BUSINESS WIRE)-- Ultimate(Nasdaq:ULTI - News), a leading cloud provider of people management solutions for global businesses, announced today that Ultimate was named to FORTUNE’s 15th annual list of the "100 Best Companies to Work For."

Before growing beyond the 1,000-employee threshold necessary to be eligible for consideration on FORTUNE’s list, Ultimate was ranked #1 on the medium-size company list of “Best Places to Work” in 2008 and 2009 by The Great Place to Work Institute, the same organization that evaluates companies for the FORTUNE list, and was ranked #3 in 2006 and 2007.

Ultimate wants to congratulate its customers who also made FORTUNE’s 2012 Best Companies to Work For list. A few of them are: Baker Donelson, Bright Horizons Family Solutions, Camden Property Trust, The Container Store, Google, JM Family Enterprises, NuStar Energy, Perkins Coie, and Quicken Loans.

“It has always been clear to us at Ultimate that treating our employees as our most important asset is the path to developing world-class products and services,” said Scott Scherr, CEO, president, and founder at Ultimate. “It’s simply the right way to do business, and our business results attest to the success of this philosophy.”

Ultimate has seen continuous growth in its recurring revenues for the past 10+ years. From 2006 to 2010, Ultimate grew its employee population by 82 percent. During the same timeframe, annual recurring revenues grew by 167 percent - more than double its employee count increase.

“Over the years, Ultimate has been able to attract the most talented people in our industry,” added Scherr. “They come with us because of our inclusive, family-like culture and our benefits plans that cover 100 percent of the premium for both employees and their families. They stay because of the respect they experience for their contributions and the fulfillment of working with other highly talented individuals in a team environment.”

Ultimate employees have long been known to be unusually talented, team-oriented, and loyal. Our employees’ long-term tenure translates into long-term customer relationships, knowledge retention, and low recruitment and training costs.

“I’ve been in this industry for more than 20 years, and I’ve never seen or worked anywhere that has the kind of culture and high-performing employees that Ultimate has. You can feel the energy and enthusiasm when you walk into the building,” said Cecile Alper-Leroux, vice president of product strategy and development, who joined Ultimate 18 months ago after working at other leading technology companies. “Ultimate truly is a great place to work, and I think the success of the company is an indicator that happy employees really do benefit the bottom line.”

For the last 18 months, Ultimate has been collecting data from our employees and customers and evaluating these responses to determine the core values Ultimate stands for. From this research, Ultimate developed a new logo and branding message that went live on January 23 and coincidentally aligned with our ranking on FORTUNE’s 2012 list. The core message of Ultimate’s values is clear in our new tag line, People First, and reflects why our people are so happy at Ultimate. For more details, see Ultimate’s press release on our new branding dated January 23, 2012 at news.ultimatesoftware.com/press-release/company-news/ultimate-software-commemorates-10-years-delivering-hcm-cloud-solutions-fo.

Ultimate develops, supports, and distributes cloud technology solutions for human resources, payroll, and talent management to companies of nearly all sizes in diverse industries. Ultimate helps organizations manage their workforces strategically and cost-effectively by providing them business intelligence analytics and administrative functionality in such areas as talent acquisition and onboarding, human resources management and compliance, benefits management and online enrollment, payroll, performance management, salary planning and budgeting for compensation management, succession management, career development, and time and attendance management.

FORTUNE partners with the Great Place to Work Institute® to select the 100 Best Companies and to conduct the most extensive employee survey in corporate America. Two-thirds of a company's score is based on the results of the Institute's Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about the management's credibility, job satisfaction, and camaraderie. The other third of the scoring is based on the company's responses to the Institute's Culture Audit, which includes detailed questions about pay and benefits programs and a series of open-ended questions about hiring, communication, and diversity.

About Ultimate

Ultimate is a leading provider of cloud technology for people management. 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 1,300 professionals focused on developing the highest quality solutions and services. In 2012, Ultimate was ranked #25 on the 2012 100 Best Companies to Work For by FORTUNE. Ultimate has more than 2,300 customers with employees in 115 countries, including Adobe Systems Incorporated, The Container Store, Culligan International, Jockey International, Major League Baseball, Nikon Inc., and Yamaha Corporation of America. More information on Ultimate Software’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.

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