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Ultimate Software Ranked #1 on FORTUNE’s Best Workplaces in Technology List for 2016

Date: January 26, 2016 12:35 PM 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 the company has been ranked #1 on the Best Large Workplaces in Technology list for 2016. Created by FORTUNE and Great Place to Work, the list is a “best of the best” ranking of the top 10 large workplaces in technology and is determined entirely by employee feedback.

“We are extremely proud to have been named the top workplace in technology by FORTUNE,” said Scott Scherr, CEO, president, and founder of Ultimate. “For more than 25 years, we’ve focused on developing a positive and productive culture that’s built on trust and teamwork—one where the core principle has always been putting our employees first. In the high-tech sector, it is especially crucial to build an environment that promotes innovation at a rapid pace—and we are honored to be in the company of other technology businesses that have accomplished this, while also understanding the equivalent importance of respect, appreciation, camaraderie, and philanthropy. There is nothing more rewarding than being named #1 on a list of great places to work that is based completely on our own employees’ input.”

Ultimate is dedicated to cultivating a culture of performance, inclusion, and recognition, with a commitment to providing industry-leading benefits such as 100% employer-paid health coverage; a 401(k) plan with 40% company match on every dollar; paternity and adoption leave; and two paid service days each year for employees to volunteer in their communities.

Ranking on the Best Workplaces in Technology list is determined by the Great Place to Work Trust Index Employee Survey. As part of the survey, employees answer questions about how frequently they experience the behaviors that create a great workplace, considering factors such as how well the company fares on career development, risk-taking, work-life balance, financial and non-financial rewards, transparency in its communications to employees, business vision, and workplace camaraderie. The winners were selected from among all companies that identified themselves as part of the tech industry and evaluated by Great Place to Work. In all, results reflect the opinions of more than 48,000 randomly selected employees surveyed nationwide.

Ultimate congratulates our three customers who were also named to the Best Workplaces in Technology list this year: eVestment, Hyland Software, and Google.

“The perks and benefits the best tech companies are known for are just what outsiders looking in get dazzled by,” said Chinwe Onyeagoro, a business strategy expert and EVP of U.S. consulting at Great Place to Work. “This can be a false positive of sorts. These companies are great because they invest in trust. They stand on trust. They use trust as a competitive differentiator. They know that, to be great, you have to invest in better relationships—not in more things. Simply investing in things will not create a Great Place to Work.”

For more information on FORTUNE’s list of the Best Workplaces in Technology for 2016, visit http://reviews.greatplacetowork.com/rankings/2016-best-workplaces-for-technology.

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 employer branding programs, including Best Companies lists and workplace reviews, Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. Great Place to Work’s Trust Index©, a 58-question employee survey that measures trust, is used around the world to help companies increase the levels of trust across their organizations and improve business results. Annually, Great Place to Work produces the research for the annual FORTUNE 100 Best Companies to Work For list and the Great Place to Work Best Small and Medium Workplaces list. 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 20 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 2,700 professionals. 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 more than 3,000 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