About Ultimate Software
Ultimate Software is a company based in Weston (United States) founded in 1990 was acquired by Hellman & Friedman in February 2019.. Ultimate Software has completed 4 acquisitions, including EmployTouch, Kanjoya and PeopleDoc. Ultimate Software operates in a competitive market with competitors including Gusto, Paycor, Payflow, Paychex and TriNet, among others.
- Headquarter Weston, United States
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Ultimate Software Group, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$3.44 M (USD), Post-IPO
Nov 18, 2013
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Investors
Blackstone
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
EmployTouch
& 3 more
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Acquired by
Hellman & Friedman
(Feb 04, 2019)
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Software Development Team
199 people
Sales and Marketing
123 people
Leadership Team
114 people
Product Management Team
90 people
Lead Team
26 people
Senior Team
25 people
Human Resources and Administration
22 people
Finance and Accounting
21 people
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Funding Insights of Ultimate Software
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $3.4M
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First Round
First Round
(01 Oct 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2013 | Amount | Post-IPO - Ultimate Software | Valuation |
investors |
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| Oct, 2013 | Amount | Post-IPO - Ultimate Software | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ultimate Software
Ultimate Software has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackstone, CPP Investments and JMI Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Private equity firm investing in software companies
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ultimate Software
Ultimate Software has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include EmployTouch, Kanjoya and PeopleDoc. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Tablet-based solution is utilized for employee management and self-service.
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2011 | ||||
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Cloud-based HR document and employee management systems are provided.
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2010 | ||||
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Emotion-based intuitive analytics
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ultimate Software
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ultimate Software Comparisons
Competitors of Ultimate Software
Ultimate Software operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gusto, Paycor, Payflow, Paychex and TriNet, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium businesses.
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| domain | founded_year | HQ Location |
Cloud-based HR management suite is provided for employee operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ultimate Software
Frequently Asked Questions about Ultimate Software
When was Ultimate Software founded?
Ultimate Software was founded in 1990 and raised its 1st funding round 23 years after it was founded.
Where is Ultimate Software located?
Ultimate Software is headquartered in Weston, United States. It is registered at Weston, Florida, United States.
What does Ultimate Software do?
Ultimate Software was founded in 1990 and is headquartered in Weston, United States. Cloud-based solutions for payroll and talent management are provided to businesses in the human resources sector. Services encompass talent acquisition, onboarding management, payroll processing, benefits administration, performance reviews, time and attendance tracking, succession planning, compensation management, and reporting. Operations focus on software delivery through the ultimatesoftware.com domain.
Who are the top competitors of Ultimate Software?
How many acquisitions has Ultimate Software made?
Ultimate Software has made 4 acquisitions, including EmployTouch, Kanjoya, and PeopleDoc.
Who are Ultimate Software's investors?
Ultimate Software has 5 investors. Key investors include Blackstone, CPP Investments, JMI Management, GIC, and Hellman & Friedman.
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