Ultimate Software

Ultimate Software Group, Inc.
Public
Traded as NASDAQ: ULTI
Industry SaaS HCM Software
Founded 1990[1]
Founder Scott Scherr
Headquarters Weston, Florida
Revenue $506 million [2]
Number of employees
 3,300 (2016)
Website www.ultimatesoftware.com

Ultimate Software is an American technology company that develops and sells UltiPro, a cloud-based human capital management (HCM) solution for businesses. Headquartered in Weston, Florida, the company was founded in 1990 by current president and CEO, Scott Scherr, and released its first version of software in 1993. As of December 31, 2014, Ultimate Software reported total revenues of nearly $506 million.[3] As of 2016, the company employs more than 3,300 people and services 3,400 customers in 160 countries.[4] Ultimate has offices around the USA, Canada, UK, and Singapore.[5]

History

Ultimate Software was founded by Scott Scherr, the company’s current CEO and president in 1990. In 1993, the tech company released UltiPro HRMS/ payroll sold as on-premises software servicing core HR and payroll.[6] The company went public (NASDAQ: ULTI) in June 1998.[7]

In 2002, UltiPro was reintroduced as a cloud-based Software-as-a-Service (SaaS) to provide a unified solution to human resources.[8] This model has allowed the company to hold more than 30 million client records in the cloud and service more than 3,400 customers, according to Career Builder. The company announced they were expanding outside of the United States and opened an office in London, England. Later that year, Ultimate announced additional expansions into Singapore. [9]

Products and services

The company's UltiPro solution is a cloud-based platform that delivers human capital management to organizations across all industries. UltiPro provides one system of record for HR, payroll, and talent management. According to SoftwareAdvice, UltiPro now includes time and attendance, employee onboarding, performance management, compensation management, succession management, recruiting, and other features like predictive analytics.[10] UltiPro is sold SaaS with a per-employee-per-month subscription.

Partnering Research

According to the Center for Generational Kinetics, the center partnered with the company in 2014 to conduct research on multiple generations in the workforce. The research looked at work expectations across different generations, with a focus on millennials.[11]

The study explored how millennials differ from prior generations in the way they feel about applying for a job, interviewing, receiving feedback, and leaving a job.[11]

Recognition

In 2016, FORTUNE Magazine ranked Ultimate Software the #15 Best Place to Work For as well as the #1 Best Workplace in Technology.[12] In prior years, FORTUNE ranked Ultimate Software the 6th Best Workplace for Millennials,[13] the 23rd Great Workplace for Women,[14] and the 21st Best Company to Work For.[15] Additionally, Forbes ranked the company the 7th Most Innovative Growth Company[16] and analyst firm, Nucleus Research, deemed the tech company a "Leader" in HCM technology.[17] In the past, Ultimate earned the 2011 Forrester Groundswell Award for achieving business and organizational goals through innovation in social technology applications[18] and the 2013 Brandon Hall Gold Award for the Best New Product Feature of the Year.[19]

References

  1. ↑ "HR Software Solutions & Payroll for Human Capital Management - Ultimate Software". Retrieved 22 April 2016.
  2. ↑ "The Ultimate Software Group, Inc. Revenue & Earnings Per Share (EPS)". Nasdaq. 2015-08-26. Retrieved 2015-08-26.
  3. ↑ "The Ultimate Software Group, Inc. Revenue & Earnings Per Share (EPS)". NASDAQ. Retrieved 2015-09-25.
  4. ↑ "Working at Ultimate Software". Glassdoor. Retrieved 2015-09-25.
  5. ↑ "Ultimate Software - Contact an Ultimate Software Representative, Your Source for HRIS". www.ultimatesoftware.com. Retrieved 2015-09-25.
  6. ↑ "Texas Roadhouse Leverages Ultimate Software's Cloud-Based UltiPro for Business Gains, Wins APA's Prestigious Prism Award". Retrieved 2015-09-28.
  7. ↑ "ULTIMATE SOFTWARE GROUP INC (ULTI) IPO". NASDAQ.com. Retrieved 2015-09-25.
  8. ↑ Inc., The Ultimate Software Group,. "UltiPro Aligned with The Container Store's Employee Commitment Philosophy". www.prnewswire.com. Retrieved 2015-09-28.
  9. ↑ "Ultimate Software Group jobs at Careerbuilder.com". www.careerbuilder.com. Retrieved 2015-09-28.
  10. ↑ "UltiPro HR & Payroll Software - 2015 Reviews & Pricing". www.softwareadvice.com. Retrieved 2015-09-28.
  11. 1 2 "Infographic: Is There Really a Generational Divide? – GEN HQ". Retrieved 2015-09-28.
  12. ↑ "Check Out 2016's Best Companies to Work For". Fortune. Retrieved 2016-03-03.
  13. ↑ "100 Best Workplaces for Millennials". Retrieved 2015-10-06.
  14. ↑ "2015 100 Best Workplaces for Women". reviews.greatplacetowork.com. Retrieved 2015-10-06.
  15. ↑ Institute, Great Place to Work®. "2015 Fortune 100 Best Companies to Work For List". reviews.greatplacetowork.com. Retrieved 2015-10-06.
  16. ↑ "Most Innovative Growth Companies". Retrieved 2015-10-06.
  17. ↑ "Technology Value Matrix 2015: HCM - Nucleus Research | Return On Investment (ROI)". Retrieved 2015-10-06.
  18. ↑ "Ultimate Software Wins Award from Leading Independent Research Firm for Innovative Use of Social Technologies". Bloomberg. 2011-10-28. Retrieved 2014-06-18.
  19. ↑ "Brandon Hall Excellent Technology". MarketWatch. Retrieved 2014-06-18.
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