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Ultimate Software to Present at the Tenth Annual Needham Growth Stock Conference

Date: January 3, 2008 9:00 AM EDT

Dateline City:

WESTON, Fla.--Ultimate Software (Nasdaq:ULTI), a leading provider of end-to-end strategic human resources, payroll, and talent management solutions, announced today that Scott Scherr, president, CEO, and founder, and Mitchell Dauerman, executive vice president and CFO, will present at the upcoming Tenth Annual Needham Growth Stock Conference on January 10, 2008, at 10:30 a.m. Eastern time. The four-day event will be held January 8 - 11 at The New York Palace Hotel, 455 Madison Avenue, New York, NY.

The presentation will be webcast live at 10:30 a.m. Eastern time on January 10 and will include a discussion of Ultimate Softwares recurring revenue business, as well as an overview of the companys history and overall financial results. The live and archived webcast can be accessed at http://www.wsw.com/webcast/needham21/ulti/.

To schedule an appointment with Mr. Scherr and Mr. Dauerman or to obtain further details on Ultimate Softwares participation at other conferences, call 954-331-7369.

About Needham & Company, LLC

Needham & Company, LLC, a wholly owned subsidiary of The Needham Group, Inc., is a privately held, full-service investment bank with the mission of helping emerging growth companies achieve their potential. The firm is headquartered in New York City with offices in Boston, Menlo Park and San Francisco. In addition to investment banking, Needhams principal activities include institutional sales and trading and asset management. To serve its institutional clients, Needham & Company, LLC produces comprehensive equity research on more than 350 companies in technology, healthcare, consumer and industrial growth. Needham & Company, LLC is a member of FINRA/SIPC. For more information, please see www.needhamco.com.

About Ultimate Software

A leading provider of end-to-end strategic human resources, payroll, and talent management solutions, Ultimate Software markets its award-winning UltiPro products as on-demand services through its software-as-a-service offering, Intersourcing, and as licensed software. Based in Weston, FL, Ultimate Software employs more than 700 professionals who are focused on developing the highest quality products and services. Ultimate Softwares IT team won a first place award for its management of Intersourcing from the American Business Awards in 2007, and its customer service team won two first-place awards for service excellence in 2006, one from the Service & Support Professionals Association and another from the American Business Awards. Ultimate Software was named a Leader in Forrester Research Inc.s 2006 U.S. Midmarket HR solutions Wave ranking and ranked #3 on the 2006 and 2007 lists of the Best Medium-Sized Companies to Work For in America by the Great Place to Work Institute. Ultimate Software customers represent diverse industries and include such organizations as The Container Store, Elizabeth Arden, The Florida Marlins Baseball Team, The New York Yankees Baseball Team, Nintendo of America, Ruths Chris Steak House, and SkyWest Airlines. More information on Ultimate Softwares products and services can be found at www.ultimatesoftware.com.

UltiPro and Intersourcing are registered trademarks of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.


Ultimate Software, Weston
Mitchell Dauerman, CFO and Executive Vice President

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Contact Information:

Ultimate Software
Darlene Marcroft
Senior Director of PR and Communications
Office Phone:954-331-7444
For Sales Information:
Ultimate Software, 800-432-1729
Web site: www.ultimatesoftware.com

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