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Ultimate Software Ranked #15 Best Company to Work For by Fortune, Marking Fifth Consecutive Year on List

Date: March 3, 2016 11:30 AM EDT

Public Company Information:

NASDAQ: ULTI
US90385D1072

Ultimate Software (Nasdaq: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today that Fortune magazine has ranked Ultimate #15 on its 2016 “100 Best Companies to Work For” list. This marks Ultimate’s fifth consecutive year in the top 25 on the prestigious list and honors our trust-focused, employee-centric culture. Ultimate’s culture fosters teamwork, innovation, diversity, professional and personal growth, giving back to our communities, and celebrating together.

“More than 25 years ago, we founded Ultimate on the fundamental belief that putting people first is the principal driver of business success. Talented, caring people make a high-functioning workplace a reality, create award-winning products, and deliver industry-leading services,” said Scott Scherr, CEO, president, and founder of Ultimate. “Ultimate’s strength comes from our people knowing we respect and care for them like family. They reward us with a familial commitment to one another and a passionate dedication to our customers that is second to none. The power of our people’s talent and caring shows in our customer retention rate, which exceeds 97%.”

“This year’s 100 best workplaces show—again—that trust fuels financial performance,” said Michael Bush, CEO of Great Place to Work®. “Great workplaces have significantly less turnover, outperform peers in the stock market, and enjoy high levels of collaboration, communication, and trust—crucial ingredients for innovation. The 100 best are setting the standard for all businesses.”

This top-workplace honor from Fortune builds upon additional recognition Ultimate has received in the last twelve months:
• #1 Best Large Workplace in Technology by Fortune in 2016
• #2 Best Workplace for Camaraderie by Fortune in 2015
• #6 Best Workplace for Millennials by Fortune in 2015
• #4 Best Workplace for Diversity by Fortune in 2015 (in related Fortune lists: #1 for Hispanics and Latinos, as well as #3 for African-Americans)
• #23 Best Workplace for Women by Fortune in 2015

More Information on Ultimate’s Workplace
• Ultimate is now hiring for many key roles.
• Listen to our people describe Ultimate in their own words.
• See Ultimate’s profile on Fortune.
• See Ultimate’s profile on Great Place to Work.

Congratulations to Our Customers
Ultimate congratulates all our customers named to the 2016 Best Companies to Work For list, with special recognition to Google, celebrating its seventh year at #1. Some of our customers who made the list are: Activision Blizzard, ACUITY Insurance, Adobe Systems, American Fidelity Assurance Company, Baker Donelson, Camden Property Trust, David Weekley Homes, First American, Google, Hyland, JM Family Enterprises, Kimley-Horn and Associates, Quicken Loans, Slalom, TDIndustries, The Container Store, and Veterans United Home Loans.

Methodology
To identify the 100 Best Companies to Work For, each year Fortune partners with Great Place to Work to conduct the most extensive employee survey in corporate America. Two-thirds of a company’s survey score is based on the results of the Trust Index Employee Survey, which is sent to a random sample of employees from each company. This survey asks questions related to employees’ attitudes about management’s credibility, overall job satisfaction, and camaraderie. The other third is based on responses to the Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts.

About Fortune
Fortune is a global leader in business journalism known for its unrivaled access to industry leaders and decision makers. Founded in 1930, Fortune has transformed into a digital-first operation with nearly 17 million monthly unique visitors on Fortune.com, as well as 3.4 million global readers in print. Fortune is home to some of the strongest business franchises, including: Fortune 500, Best Companies to Work For, World’s Most Admired Companies, Fastest-Growing Companies, and Most Powerful Women. The Fortune Conference Division extends the brand’s mission into live settings, hosting a wide range of annual conferences for top-level executives, including the FORTUNE Global Forum and the Most Powerful Women Summit.

About Great Place to Work
Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. In the United States, Great Place to Work® produces the annual Fortune “100 Best Companies to Work For®” list and a series of Great Place to Work® Best Workplaces lists, including lists for Millennials, Women, Diversity, Small and Medium Companies, and over a half dozen different industry lists.

Follow Great Place to Work® online at www.greatplacetowork.com and on Twitter at @GPTW_US.


About Ultimate Software
Ultimate is a leading provider of cloud-based human capital management (HCM) solutions, with more than 25 million people records in the cloud. Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and employs more than 2,880 professionals. In 2016, FORTUNE ranked Ultimate #1 on its list of the 10 Best Large Workplaces in Technology. In 2015, for the fourth consecutive year, Ultimate was ranked in the top 25 on FORTUNE’s list of the 100 Best Companies to Work For; recognized by FORTUNE as one of the 100 Fastest-Growing Companies; ranked #7 on Forbes magazine’s list of the 100 Most Innovative Growth Companies; named among the InformationWeek Elite 100, honoring innovation in business technology; and recognized as a “Leader” in Nucleus Research’s HCM Technology Value Matrix. Ultimate has approximately 3,200 customers with employees in 160 countries, including Bloomin’ Brands, Culligan International, Feeding America, Major League Baseball, Pep Boys, SUBWAY, Texas Roadhouse, and Yamaha Corporation of America. 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, Vice President 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