OverviewSuggest Edit

Ultimate Software is a technology company that develops and sells UltiPro, a cloud-based human capital management solution for businesses. 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. It includes time and attendance, employee onboarding, performance management, compensation management, succession management, recruiting and other features like predictive analytics. UltiPro is sold SaaS with a per-employee-per-month subscription.

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TypePublic
Founded1990
HQWeston, US
Websiteultimatesoftware.com
Employee Ratings4.6

Latest Updates

Employees (est.) (Feb 2019)5,000(+12%)
Job Openings143
Revenue (FY, 2017)$940.7 M(+21%)
Share Price (Feb 2019)$331.7

Key People/Management at Ultimate Software

Scott Scherr

Scott Scherr

Chairman, President, CEO
Marc D. Scherr

Marc D. Scherr

Vice Chairman, COO
Felicia Alvaro

Felicia Alvaro

CFO
Adam Rogers

Adam Rogers

CTO, SVP, Product Development
Vivian Maza

Vivian Maza

CPO, Company Secretary
Greg Swick

Greg Swick

Global Chief Sales Officer
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Ultimate Software Office Locations

Ultimate Software has offices in Weston, Singapore, Toronto, Montréal and in 1 other location
Weston, US (HQ)
2000 Ultimate Way
Montréal, CA
2400 1000 Rue de la Gauchetière O
Toronto, CA
400 144 Bloor St W
Singapore, SG
1 George St, 04Singapore One George Street
London, GB
4-12 Regent St
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Ultimate Software Financials and Metrics

Ultimate Software Revenue

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Ultimate Software's revenue was reported to be $940.73 m in FY, 2017 which is a 20.4% increase from the previous period.
USD

Revenue (Q3, 2018)

287.8m

Gross profit (Q3, 2018)

176.0m

Gross profit margin (Q3, 2018), %

61.2%

Net income (Q3, 2018)

17.1m

EBIT (Q3, 2018)

15.5m

Market capitalization (13-Feb-2019)

11.9b

Closing stock price (13-Feb-2019)

331.7

Cash (30-Sep-2018)

132.7m
Ultimate Software's current market capitalization is $11.9 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

505.9m618.1m781.3m940.7m

Revenue growth, %

23%22%26%20%

Cost of goods sold

203.6m238.5m300.1m353.7m

Gross profit

302.3m379.5m481.2m587.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

79.8m108.3m109.3m73.8m155.7m

Accounts Receivable

100.2m130.1m162.2m191.0m

Prepaid Expenses

34.8m46.8m61.9m71.6m

Current Assets

466.8m1.0b1.2b779.7m990.8m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Cash

99.9m115.3m104.3m122.1m83.4m82.3m94.8m73.8m98.0m125.7m143.6m132.7m

Accounts Receivable

99.9m108.7m120.0m140.0m147.2m147.7m161.4m168.9m183.9m192.5m

Prepaid Expenses

36.7m40.6m42.9m48.5m53.3m57.2m66.8m72.5m72.3m64.3m

Current Assets

611.3m1.1b662.4m624.1m1.6b1.2b711.3m1.2b842.0m872.1m1.6b1.0b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

25.5m44.7m22.7m30.3m14.1m

Depreciation and Amortization

16.1m19.3m21.7m27.1m34.1m

Accounts Payable

(1.4m)996.0k(23.0k)5.9m2.6m

Cash From Operating Activities

74.2m80.6m110.8m159.5m214.0m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

32.9m4.2m7.8m13.7m2.4m4.1m17.5m7.3m12.3m17.0m21.0m51.8m

Depreciation and Amortization

14.2m5.2m10.6m16.0m6.1m12.6m19.2m8.2m16.6m25.1m9.4m34.6m

Accounts Payable

1.5m2.2m(30.0k)(494.0k)2.1m1.5m4.2m5.4m316.0k(670.0k)(96.0k)(9.1m)

Cash From Operating Activities

64.1m26.1m43.6m75.5m32.1m52.5m115.3m46.3m89.5m139.3m56.6m172.2m
USDY, 2018

Financial Leverage

2.2 x
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Ultimate Software Operating Metrics

Ultimate Software's Backlog was reported to be $456.2m in FY, 2017. Ultimate Software's Customers was reported to be 4.1 k in FY, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

People Records

19 m19 m20 m20 m25 m25 m30 m30 m33 m33 m33 m35 m37 m

Languages

10 10 10 10 12 12 12 12 14 12 12 12 14 14

Backlog

$185.70 m$320.10 m$399.90 m$456.20 m

Customers

2.80 k3.20 k3.20 k3.40 k3.50 k3.70 k3.70 k3.70 k4 k4.10 k
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Ultimate Software Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PeopleDocJuly 17, 2018$300 m
KanjoyaSeptember 30, 2016
VestricsMay 20, 2016
EmployTouchOctober 11, 2013
The Ultimate Software Group of Asia
The Ultimate Software Group of Canada

Ultimate Software Revenue Breakdown

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Ultimate Software revenue breakdown by business segment: 14.7% from Services and 85.3% from Recurring

Human Capital Metrics

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Ultimate Software Online and Social Media Presence

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Ultimate Software News and Updates

SHAREHOLDER ALERT: WeissLaw LLP Investigates The Ultimate Software Group, Inc.

NEW YORK, Feb. 8, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of The Ultimate Software Group, Inc. ("ULTI" or the "Company") (NASDAQ: ULTI) in connection with the proposed acquisition of the...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of The Ultimate Software Group, Inc.

NEW YORK, Feb. 4, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against The Ultimate Software Group, Inc. (NASDAQ: ULTI) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by an investor group led by Hellman...

Ultimate Software agrees to $11 billion buyout by investor group

Ultimate Software Group Inc said on Monday it agreed to be bought by an investor group led by private equity firm Hellman & Friedman for about $11 billion.

Ultimate Software to be taken private in $11 billion all-cash deal

Ultimate Software Group Inc. shares soared 16% in premarket trade Monday, after the company said it has agreed to be acquired by an investor group led by Hellman & Friedman in an all-cash deal valued at about $11 billion. Shareholders will receive $331.50 in cash per share, equal to a 32% premi…

Competitive & Strategic Intelligence on Employee Engagement Software Market with focus on VibeCatch, MyHub Intranet, Ultimate Software

The study of the Employee Engagement Software market by HTF MI provides the market size information and market trends along with factors and parameters impacting it in both short- and long-term. The study provides a 360° view and insights, outlining the key outcomes of the industry. These insights h…

Human Capital Management Solution 2018 Global Market Key Players - Oracle Corporation (U.S.), SAP SE (Germany), International Business Machines Corporation (U.S.), NetSuite Inc. (U.S.), Workday, Inc. (U.S.), Ultimate Software Group, Inc. (U.S.).....

Human Capital Management Solution – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday
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Ultimate Software Blogs

An Easier Way to Have a Tough Conversation

From time to time, we invite guest contributors to provide their personal perspectives about trending HCM topics. The views, opinions, and comments expressed below are solely those of the author and do not represent Ultimate Software. This post was commissioned by Ultimate Software and the author ha…

Where to Find Ultimate Software, PeopleDoc at HR Tech 2018

It’s that time of year! Tomorrow marks the 21st Annual HR Technology Conference & Exposition, and all of us at Ultimate Software are excited to once again join the thousands of HR professionals, tech innovators, and industry experts convening in Las Vegas to explore the latest advancements in HC…

Women in Technology: United We Stand

It’s conference season and at Ultimate Software, we are excited that preparations for our participation in the HR Technology Conference & Expo and the Grace Hopper Celebration—the world’s largest gathering of women technologists, produced by AnitaB.org—are in full swing. I am honored to be part …

Data-Based Strategies to Recognize, Reward, & Retain High-Potential Employees

This blog post originally appeared on Forbes. Finding, retaining, and engaging top talent is consistently one of the hardest challenges organizations face. Developing high-potential employees is crucial for priming future leaders and improving organizational performance while building a culture that…

Employee Engagement in the Augmented Age

Fretting about the security of your job because of the Fourth Industrial Revolution? In our marvelous age of cognitive computing technologies, the good news is that people will perform less boring and repetitive manual tasks. The bad news is that individuals may lose their jobs as a consequence. The…

How to Improve C-Suite Visibility by Linking Engagement to Business Outcomes

Proper data collection and analysis play a crucial role in today’s organizations, guiding decision makers through difficult decisions and directing overall corporate strategy. Considering human capital typically accounts for anywhere between 50-80% of variable costs within companies, HR departments …
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Ultimate Software Company Life and Culture

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Ultimate Software Frequently Asked Questions

  • When was Ultimate Software founded?

    Ultimate Software was founded in 1990.

  • Who are Ultimate Software key executives?

    Ultimate Software's key executives are Scott Scherr, Marc D. Scherr and Felicia Alvaro.

  • How many employees does Ultimate Software have?

    Ultimate Software has 5,000 employees.

  • What is Ultimate Software revenue?

    Latest Ultimate Software annual revenue is $940.7 m.

  • What is Ultimate Software revenue per employee?

    Latest Ultimate Software revenue per employee is $188.1 k.

  • Who are Ultimate Software competitors?

    Competitors of Ultimate Software include Automatic Data Processing, Workday and Ceridian.

  • Where is Ultimate Software headquarters?

    Ultimate Software headquarters is located at 2000 Ultimate Way, Weston.

  • Where are Ultimate Software offices?

    Ultimate Software has offices in Weston, Singapore, Toronto, Montréal and in 1 other location.

  • How many offices does Ultimate Software have?

    Ultimate Software has 5 offices.