HRchitect Tech Vendor News: Ultimate Software Celebrates 15 Years as a Public Company; Putting People First

WESTON, Fla.–(BUSINESS WIRE)–Ultimate Software (Nasdaq: ULTI), a leading cloud provider of people management solutions, is celebrating 15 years of being publicly traded on NASDAQ.

Ultimate was founded in 1990 and later went public in 1998 — with a focus on developing and delivering outstanding human resources technology solutions, backed by a culture of loyalty, passion, and a commitment to excellence. Over the past 15 years, Ultimate has grown to more than 1,700 employees supporting more than 2,500 customers whose operations span 144 countries.

Today, Ultimate is a leading cloud HR and payroll provider, managing more than 10 million people records for some of the world’s most recognized and respected brands, such as Adobe, Culligan International, and Texas Roadhouse. Ultimate’s company culture has also received national recognition as one of FORTUNE magazine’s top 10 Best Companies to Work For.

Ultimate Software’s ‘People First’ culture is the foundation of the company’s success and is regularly part of the selection and renewal criteria for customers. The company’s 96% customer and employee retention rates are among the very best in the HR technology industry.

“Ultimate’s people are professional, on the ball, and go the extra mile when needed. I can see why Ultimate is so successful,” said Genia Stuart, HR director at Ripley Entertainment Inc., an Ultimate customer since 2011. Ripley uses the UltiPro solution to handle its payroll and end-to-end HR for both Canada and U.S.-based employees. “I believe people do business with people rather than corporations, and Ultimate’s people and culture stand out and make the company extraordinary.”

While Ultimate’s products have evolved and innovated — from a leader in unified HCM software topioneering the move to the cloud in 2002 — the company’s primary commitment to its culture has not changed.

“I have always believed that if we take care of our employees, they will take care of our customers, and our stock holders will be happy with the results,” said Scott Scherr, president, CEO and founder at Ultimate Software. “We believe this guiding principle sets us apart from other providers in the human capital management (HCM) market and will continue to differentiate us in the years to come.”

‘People First’ Is the Foundation for Business Success

According to a 2011 Gallup study, organizations with engaged employees and a strong culture have 3.9 times the earnings per share growth rate compared to organizations with lower engagement in the same industry. Also, the stock performance of companies on FORTUNE’s list of the “100 Best Companies to Work For” has consistently outperformed the S&P 500. Since Ultimate Software began providing HR solutions in the cloud in 2002, the company has grown recurring revenue from $29.3 million to $266.4 million.


To learn more about HRchitect and how we can help your organization, please visit HRchitect is the leader in HR systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.

Matt Lafata, HRchitect


Comments are closed.

%d bloggers like this: