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Ultimate Software Cited as a “Leader” in SaaS HR Management Systems by Independent Research Firm

Date: October 15, 2014 11:05 AM EDT

Public Company Information:

NASDAQ: ULTI
US90385D1072

Weston, FL — Ultimate Software (Nasdaq: ULTI), a leading cloud provider of people management solutions, announced today the company has been identified as a leader in a recent report published by Forrester Research, Inc., an independent research firm.

In the October 2014 report “SaaS HR Management Systems, Q4 2014,” Ultimate Software was cited as a “Leader” and also received the highest possible scores in criteria, including customer satisfaction, customer experience, long-term vision for HRM, research and development, and SaaS HRMS. In the report, which evaluated vendors against 60 criteria, Ultimate also achieved the highest scores possible in 18 categories.

As written in the report by Forrester Analyst Paul Hamerman, “Ultimate has a well-rounded solution with depth in core HR and payroll functions as well as good talent management functionality and innovative new recruitment and onboarding offerings.”

In the report, Forrester evaluated eight vendors across three major elements of an HR solution — current offering, strategy, and market presence. Current offering evaluates the completeness of business process functionality across the full breadth of human resource processes. Strategy assesses the vendors’ strategies factored into their business vision, product roadmaps, market positioning, technology strategies, time-to-value, pricing strategies, research and investment development investment, and strategic alliances. Market presence factors in overall financial considerations, the installed base of customers, the number of sales offices, and the implementation resources at each vendor.

“We are honored to have been cited in Forrester’s Wave as a Leader in SaaS HR management systems human resource management solutions,” said Scott Scherr, CEO, president, and founder at Ultimate Software. “I believe the report acknowledges our tenure in the industry, strength and breadth of our solution, as well as our focus on customers as we continue to grow our cloud offering.”

About Ultimate Software
Ultimate Software is a leading cloud provider of people management solutions content, with more than 17 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, talent, compensation, and time and labor 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 2,000 professionals focused on developing the highest quality solutions and services. In 2014, Ultimate was ranked #20 on FORTUNE’s list of the 100 Best Companies to Work For; ranked #8 on Forbes magazine’s list of the 100 Most Innovative Growth Companies; and recognized as a ‘Leader’ in Nucleus Research’s HCM Technology Value Matrix. Ultimate has 2,700 customers with employees in 150 countries, including Adobe Systems Incorporated, Bloomin’ Brands, Culligan International, Major League Baseball, Pep Boys, Texas Rangers Baseball, 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
LinkedIn: http://linkd.in/UltimateHCM
Twitter: www.twitter.com/UltimateHCM
Facebook: http://www.facebook.com/UltimateSoftware

Contact Information:

Darlene Marcroft, Senior Director of PR and Communications at Ultimate Software
phone: 954-331-7444; email: darlene_marcroft@ultimatesoftware.com

For sales information, phone: 800-432-1729; website: www.ultimatesoftware.com