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Ultimate Software Ranks #20 on FORTUNE®’s 2014 List of the 100 Best Companies to Work For

Ultimate Software (Nasdaq: ULTI), a leading cloud provider of people management solutions, announced today that the company has again been named to FORTUNE® magazine’s 2014 100 Best Companies to Work For® list. The list, now in its 17th year, recognizes companies that have exceptional workplace cultures. Ranked #20, Ultimate is the only human capital management (HCM) provider on this prestigious list. Previously, Ultimate was ranked #9 on FORTUNE®’s 2013 list and #25 on its 2012 list as well as #1 on the medium-size company list of Best Places to Work by Great Place to Work® in both 2008 and 2009.

“We are honored to receive this FORTUNE® recognition once again this year. Our success as a company is rooted in our people. Since our inception as a company, we have believed our people to be the secret to customer loyalty, product and service excellence, and building a business,” said Scott Scherr, CEO, president, and founder of Ultimate. “The talent and commitment of our people have enabled us to deliver the finest unified suite of HCM products and services in the industry. I am proud of what our people have accomplished together in both supporting each other and our 2,700 customers.”

In addition to receiving this honor from FORTUNE®, Ultimate’s recent recognition also includes being recognized as one of the Achievers 50 Most Engaged Workplaces™, named a 'Leader' in Nucleus Research’s HCM Technology Value Matrix, and honored with the highest rating by Constellation Research in its Cloud Buyer’s Bill of Rights Certification. Our UltiPro Retention Predictor™, an analytics tool designed to help companies improve employee retention, was named the Gold winner for Best Advance in Unique Talent Technology by Brandon Hall Group and also was awarded Best New Product Feature of the Year in the Best in Biz Awards.

Ultimate extends our congratulations to our customers that also made FORTUNE®’s 2014 list of the 100 Best Companies to Work For. These include Google, Quicken Loans, Camden Property Trust, David Weekley Homes, NuStar Energy, The Container Store, Baker Donelson, JM Family Enterprises, Perkins Coie, Kimley-Horn and Associates, TDIndustries, Adobe Systems, Hyland Software, and Cooley LLP. We offer Google our heartiest congratulations for ranking #1 for the last three years.

Through our cloud services, Ultimate develops, supports, and delivers global people management solutions to companies of all sizes across diverse industries. Ultimate helps thousands of customers manage their workforces with strategic, cost-effective technology that covers the full range of HCM, including HR, benefits, payroll, talent acquisition, talent management, compensation management, and time and labor management.

Ultimate was selected among hundreds of companies vying for a place on the list this year. Applicant companies opt to participate in the selection process, which includes an employee survey and an in-depth questionnaire about their programs and company practices. Great Place to Work® then evaluates each application using its unique methodology based on five dimensions: credibility, respect, fairness, pride, and camaraderie.

Creators of the list, Great Place to Work® has found that employees believe they work for great organizations when they consistently trust the people they work for, have pride in what they do, and enjoy the people they work with. Some of the other companies on the 2014 list along with Ultimate are: Google, American Express, Adobe, Intel, Microsoft, Mayo Clinic, Goldman Sachs, and Whole Foods, to name just a few.

“Part of the magic of the list is its diversity across industries and geographies. As companies’ external reputations become intrinsically linked to who they are internally, being known as a great workplace will become imperative,” said China Gorman, Global Chief Executive Officer of Great Place to Work®. “FORTUNE®'s 100 Best Companies to Work For grows more competitive every year, and this list represents the best of the best. While each company is unique, what they have in common are strong cultures that support positive workplaces.”

Organizations named on this annual list see many benefits that include better financial performance, less employee turnover, higher levels of customer satisfaction and loyalty, more innovative and creative thinking, higher productivity, and enhanced public perception. To see the complete list of the 2014 FORTUNE® 100 Best Companies to Work For, visit money.cnn.com/magazines/fortune/best-companies/2014/list. To learn more about how to build a high-trust workplace culture, visit www.greatplacetowork.com.

About Ultimate Software

Ultimate Software is a leading cloud provider of people management solutions, with more than 14 million people records in the cloud. Built on the belief that people are the most important ingredient of any business, Ultimate’s award-winning UltiPro delivers HR, payroll, and talent management solutions that seamlessly connect people with the information and resources they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and has more than 1,900 professionals focused on developing the highest quality solutions and services. In 2014, Ultimate was ranked #20 on FORTUNE’s list of the 100 Best Companies to Work For; recognized as a ‘Leader’ in Nucleus Research’s HCM Technology Value Matrix; and awarded the highest rating by Constellation Research in its Cloud Buyer’s Bill of Rights Certification. Ultimate has 2,700 customers with employees in 150 countries, including Adobe Systems Incorporated, Bloomin’ Brands, Culligan International, Major League Baseball, Pep Boys, Texas Rangers Baseball, and Texas Roadhouse. 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 on Twitter: www.twitter.com/UltimateHCM

Follow Ultimate Software on LinkedIn: http://linkd.in/UltimateHCM

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