Ultimate Software

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title: "Ultimate Software" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["software-companies-based-in-florida", "companies-based-in-broward-county,-florida", "software-companies-established-in-1990", "american-companies-established-in-1990", "1990-establishments-in-florida", "1998-initial-public-offerings", "companies-formerly-listed-on-the-nasdaq", "cloud-computing-providers", "human-resource-management-software", "weston,-florida", "2019-mergers-and-acquisitions", "2020-mergers-and-acquisitions", "private-equity-portfolio-companies", "defunct-software-companies-of-the-united-states"] description: "Former American multinational technology company" topic_path: "technology/computing" source: "https://en.wikipedia.org/wiki/Ultimate_Software" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Former American multinational technology company ::

::data[format=table title="Infobox company"]

Field	Value
name	Ultimate Software Group, Inc.
logo	Ultimate Software logo.svg
type	Private
fate	Merged with Kronos Incorporated
successor	Ultimate Kronos Group
founded
founder	Scott Scherr
defunct	April 1, 2020
key_people	Scott Scherr (CEO)
area_served
industry	SaaS HCM Software
products
services
revenue	$940.1 million (2017)
num_employees	5,144 (2019)
owner	Hellman & Friedman
website
location	Weston, Florida
::

| name = Ultimate Software Group, Inc. | logo = Ultimate Software logo.svg | type = Private | fate = Merged with Kronos Incorporated | successor = Ultimate Kronos Group | founded = | founder = Scott Scherr | defunct = April 1, 2020 | key_people = Scott Scherr (CEO) | area_served = | industry = SaaS HCM Software | products = | services = | revenue = $940.1 million (2017) | num_employees = 5,144 (2019) | owner = Hellman & Friedman | website = | location = Weston, Florida

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. As of 2017, the company employed more than 5,000 people and serviced 4,100 customers in 160 countries. Ultimate had offices around the U.S., Canada, UK, and Singapore. On February 4, 2019, Hellman & Friedman Capital Partners announced it would purchase Ultimate Software Group for $11 billion; 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.

History

Ultimate Software was founded in 1990 by Scott Scherr. In 1993, the tech company released UltiPro HRMS/payroll sold as on-premise software servicing core HR and payroll. The company went public (NASDAQ: ULTI) in June 1998.

In 2002, UltiPro was reintroduced as a cloud-based model to provide a unified management tool for human resources. This model allowed the company to hold more than 33 million client records in the cloud and provide services to more than 3,400 customers, according to Career Builder. The company expanded outside of the United States and opened an office in London, England. Later that year, Ultimate announced additional expansion in Singapore.

Products and services

The company's UltiPro 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 TrustRadius, UltiPro includes time and attendance, employee onboarding, performance management, compensation management, succession management, recruiting, and other features like predictive analytics.

References

References

1. "HR Software Solutions & Payroll for Human Capital Management - Ultimate Software".
2. (2018-02-06). "The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript". Seeking Alpha.
3. (6 February 2018). "The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript". Seeking Alpha.
4. "Working at Ultimate Software".
5. "Ultimate Software - Contact an Ultimate Software Representative, Your Source for HRIS".
6. (4 February 2019). "Ultimate Software to Go Private in $11 Billion Cash Deal".
7. (20 February 2020). "Kronos, Ultimate Software merge to form $22 bln workplace software co".
8. (August 2020). "Welcome to Ultimate Kronos Group".
9. (February 24, 2020). "Kronos, Ultimate Software announce merger".
10. "Texas Roadhouse Leverages Ultimate Software's Cloud-Based UltiPro for Business Gains, Wins APA's Prestigious Prism Award".
11. "ULTIMATE SOFTWARE GROUP INC (ULTI) IPO".
12. "UltiPro Aligned with The Container Store's Employee Commitment Philosophy".
13. "Ultimate Software Group jobs at Careerbuilder.com".
14. "UltiPro Reviews".

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::