Ultimate Software

Ultimate Software Group, Inc.
Company type	Private
Industry	SaaS HCM Software
Founded	1990
Founder	Scott Scherr
Defunct	April 1, 2020
Fate	Merged with Kronos Incorporated
Successor	Ultimate Kronos Group
Headquarters	Weston, Florida
Area served	United States; Canada;
Key people	Aron Ain (CEO)
Products	Human Resources; Payroll; Recruiting; Onboarding; Talent Management; Time Management; Global HCM;
Services	Managed Services; Payment Services; Print Services; Check Printing;
Revenue	$940.1 million (2017)
Owner	Hellman & Friedman
Number of employees	5,144 (2019)
Website	www.ultimatesoftware.com

Ultimate Software was an American multinational technology company that developed and sold UltiPro, a cloud-based human capital management (HCM) software system for businesses. Headquartered in Weston, Florida, the company was founded in 1990 by Scott Scherr, and it released its first version of software in 1993. As of the fourth quarter in 2017, Ultimate Software reported total revenues of over $940.7 million.^[3] As of 2017, the company employs more than 5,000 people and services 4,100 customers in 160 countries.^[4] Ultimate had offices around the U.S., Canada, UK, and Singapore.^[5] On February 4, 2019, Hellman & Friedman Capital Partners announced it would purchase Ultimate Software Group for $11 billion;^[6] the purchase closed on May 3, 2019.

In February 2020, Ultimate Software announced its plan to merge with Kronos Incorporated to form a cloud-computing venture specializing in human resource software. The merger was completed on April 1, 2020. The company is named Ultimate Kronos Group.^[7]^[8]

^ "HR Software Solutions & Payroll for Human Capital Management - Ultimate Software". Retrieved 22 April 2016.
^ "The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript". Seeking Alpha. 2018-02-06. Retrieved 2017-04-23.
^ "The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript". The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript. Seeking Alpha. 6 February 2018. Retrieved 2018-02-06.
^ "Working at Ultimate Software". Glassdoor. Retrieved 2015-09-25.
^ "Ultimate Software - Contact an Ultimate Software Representative, Your Source for HRIS". www.ultimatesoftware.com. Retrieved 2015-09-25.
^ "Ultimate Software to Go Private in $11 Billion Cash Deal". Bloomberg. 4 February 2019. Retrieved 2019-02-04.
^ August 2020, Ultimate Kronos Group 22. "Welcome to Ultimate Kronos Group". Ultimate Kronos Group. Retrieved 2020-08-28.{{cite web}}: CS1 maint: numeric names: authors list (link)
^ February 24, Emily Payne |; PM, 2020 at 01:12. "Kronos, Ultimate Software announce merger". BenefitsPRO. Retrieved 2020-02-28.{{cite web}}: CS1 maint: numeric names: authors list (link)

[1] "HR Software Solutions & Payroll for Human Capital Management - Ultimate Software". Retrieved 22 April 2016.

[2] "The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript". Seeking Alpha. 2018-02-06. Retrieved 2017-04-23.

[3] "The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript". The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript. Seeking Alpha. 6 February 2018. Retrieved 2018-02-06.

[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] "Ultimate Software to Go Private in $11 Billion Cash Deal". Bloomberg. 4 February 2019. Retrieved 2019-02-04.

[7] August 2020, Ultimate Kronos Group 22. "Welcome to Ultimate Kronos Group". Ultimate Kronos Group. Retrieved 2020-08-28.{{cite web}}: CS1 maint: numeric names: authors list (link)

[8] February 24, Emily Payne |; PM, 2020 at 01:12. "Kronos, Ultimate Software announce merger". BenefitsPRO. Retrieved 2020-02-28.{{cite web}}: CS1 maint: numeric names: authors list (link)

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