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Gartner Positions Ultimate Software in the “Leaders” Quadrant of the Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises

Ultimate positioned as Leader based on Ability to Execute and Completeness of Vision

Date: August 18, 2017 3:50 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 it has been positioned by Gartner, Inc. as a Leader in the Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises based on Gartner’s evaluation criteria of Ability to Execute and Completeness of Vision.

“Ultimate is not just a leader in technology—they are also changing the paradigm in the HCM industry with how a focus on people can grow businesses,” said Debra Punke, SVP of Human Capital for Concord Hotels. “Ultimate continues to innovate its solutions because they know our industry, care about our people, and understand how to support our business. We appreciate the resulting quality of Ultimate’s products and services that elevate our organization every day.”

“We believe this recognition as a Leader for cloud HCM suites validates our commitment to developing innovative technology for managing people by putting people first,” said Scott Scherr, CEO, president, and founder of Ultimate. “Our momentum in the market continues to increase as we launch new solutions that drive a positive employee experience and optimize business decision-making. At the same time, we continuously support our customers not only by delivering services that lead the HCM industry, but also by anticipating how our product design can meet their future needs.”

Ultimate’s UltiPro cloud solution is built to help organizations achieve better business results with its comprehensive HCM functionality that includes business intelligence and artificial intelligence technologies. UltiPro enables executives to better understand employees, predict behavior, and prescribe personalized actions to drive change from all relevant HCM data.

Among other criteria, Gartner’s Magic Quadrant focuses solely on vendors that actively market, sell and implement HCM suites on a stand-alone basis, regardless of any additional bundling with ERP suites or other applications.

1Gartner, “Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises.” By Ron Handscome, Melanie Lougee, Helen Poitevin, Chris Pang, Jeff Freyermuth, Sam Grinter, John Kostoulas, Mike Burden, August 15, 2017.

Disclaimer:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Ultimate Software
Ultimate is a leading provider of cloud-based human capital management solutions, with more than 33 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, Ultimate is headquartered in Weston, Florida, and employs approximately 3,950 professionals. In 2017, Ultimate ranked #7 on Fortune’s 100 Best Companies to Work For list, its sixth consecutive year in the top 25; #7 on Forbes’ list of 100 Most Innovative Growth Companies; #2 on People’s 50 Companies That Care list; and the National Customer Service Association named Ultimate Service Organization of the Year in the Large-Business category. Ultimate has more than 3,700 customers with employees in 160 countries, including Bloomin’ Brands, Culligan International, Feeding America, Major League Baseball, Red Roof Inn, 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