Ultimate Software Named #1 Best Medium-Sized Company to Work for in America

WESTON, Fla., Jun 23, 2008 (BUSINESS WIRE) -- ULTI | Quote | Chart | News | PowerRating -- Ultimate Software (Nasdaq: ULTI), a leading provider of end-to-end strategic human resources, payroll, and talent management solutions, announced today that it has been named the #1 best medium-sized company to work for in America by The Great Place to Work(R) Institute (GPTW), the same research and management consultancy that produces FORTUNE's "100 Best Companies to Work for" list for large companies. The "Top 50 Best Small & Medium Companies to Work for in America" were announced today before an audience of more than 15,000 at the Society for Human Resource Management's (SHRM) 60th Annual Conference & Exposition in Chicago. Ultimate Software was ranked #3 on the same list in both 2007 and 2006.

"It's an honor to be ranked number one in such an important aspect of business. Talented, committed people deliver tangible business results. Our people are fundamental to the success Ultimate Software has had with its world-class suite of software-as-a-service (SaaS) solutions for human capital management, and we thank them all for what they do," said Scott Scherr, founder, president, and CEO of Ultimate Software. "Our culture at Ultimate Software, passion for excellence, and sense of ownership have always been, and continue to be, huge differentiators for us."

This annual list, now in its fifth year, ranks the top 25 small and top 25 medium-sized companies in America that use smart people management strategies to develop successful organizations with highly productive and satisfied workforces. The organizations, ranging in size from 50 to 999 employees, were announced by SHRM and selected and ranked by GPTW. The results were based on a randomly distributed employee opinion survey. Each company evaluated was given a score based on employees' responses to a detailed questionnaire about the organizations' workplace cultures.

Stories about the winning organizations will appear in the July issue of HR Magazine, the Society's flagship publication with a circulation of 210,000 (available at http://www.shrm.org/hrmagazine). The winning organizations will also be listed on the GPTW web site at http://www.greatplacetowork.com.

"Small and medium-sized companies make up the majority of the American economy and workforce," said SHRM President and CEO Susan R. Meisinger, SPHR. "These winning organizations demonstrate that making effective use of their workforce is key to their success, and their accomplishments deserve recognition."

Great Place to Work(R) Institute co-founder Robert Levering said, "These companies stand out because their employees find them to be places where they can trust the management, take pride in their work and have fun. Other companies have much to learn about how to be productive and do right by their people."

SHRM is the world's largest association devoted to human resource management. Representing more than 210,000 individual members, the Society's mission is to serve human resource management professionals and to advance the profession. Founded in 1948, SHRM currently has more than 550 affiliated chapters and members in more than 100 countries.

Great Place to Work(R) Institute, Inc. is an international research and consulting firm dedicated to building great workplaces. Great Place to Work Institute uses its employee survey and assessment process to select the companies appearing on the annual "Best Small & Medium Companies to Work For in America" list and FORTUNE's 100 Best Companies to Work For(R) list. In addition to its global headquarters in San Francisco, Great Place to Work Institute has 29 affiliates in countries throughout North America, South America, Europe, and Asia. www.greatplacetowork.com. About Ultimate Software

A leading provider of end-to-end strategic human resources, payroll, and talent management solutions, Ultimate Software markets its award-winning UltiPro products as on-demand services through its software-as-a-service (SaaS) offering, Intersourcing, and as licensed software. Based in Weston, FL, the Company employs approximately 800 professionals who are focused on developing the highest quality products and services. In 2008, Ultimate Software was the first HR/payroll SaaS provider to be audited and awarded the ISO/IEC 27001:2005 Certification for security management, and its Development team was named the #1 "Best Product Development Team" in the nation by the American Business Awards. Ultimate Software's internal technology team won a first place award for its management of Intersourcing from the American Business Awards in 2007, and its customer service team won two first-place awards for service excellence in 2006, one from the Service & Support Professionals Association and another from the American Business Awards. Ultimate Software was ranked #3 on the 2006 and 2007 lists of the Best Medium-Sized Companies to Work For in America by the Great Place to Work Institute, and has approximately 1,600 customers representing diverse industries, including such organizations as The Container Store, Elizabeth Arden, Major League Baseball, The New York Yankees Baseball Team, Nintendo of America, Ruth's Chris Steak House, and Sony BMG Entertainment. More information on Ultimate Software's products and services can be found at www.ultimatesoftware.com.

UltiPro and Intersourcing are registered trademarks of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.

SOURCE: Ultimate Software

Ultimate Software, Weston Public Relations Contact: Darlene Marcroft, 954-331-7444 darlene_marcroft@ultimatesoftware.com or For Sales Information: Ultimate Software, 800-432-1729 Web site: www.ultimatesoftware.com

Morning Coffee with TradingMarkets -- Free Newsletter

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index