About Ultimate Software
Ultimate Software is a Technology company based in Weston (United States) founded in 1990, and was acquired by Hellman & Friedman in February 2019. It operates as a cloud-based payroll and talent management software is offered to businesses. Ultimate Software has completed 4 acquisitions, including EmployTouch, Kanjoya and PeopleDoc. Its website ultimatesoftware.com draws about 15 thousand monthly visits. Its focus areas include Enterprise Applications, HRTech, HRMS and Suite. Its legal entity is THE ULTIMATE SOFTWARE GROUP, INC. Its competitors include Gusto, Paycor, Payflow, Paychex and TriNet and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Weston, United States
- Stage Acquired
- SectorsTechnology
- Website ultimatesoftware.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Hellman & Friedman (Feb 2019)
- Legal Name The Ultimate Software Group, Inc.
- Latest Funding Round$3.44M (USD), Post-IPO
Nov 2013
- InvestorsBlackstone
& 4 more
- Investments & AcquisitionsEmployTouch
& 3 more
- Acquired byHellman & Friedman
(Feb 2019)
Apps and channels of Ultimate Software
its YouTube channel UKG has 5.34K subscribers and 10 videos.
Videos from Ultimate Software
The most watched videos on Ultimate Software's YouTube channel, UKG (5.34K subscribers). Click a video to play it here.
More on UKG.
Funding Insights of Ultimate Software
- Total Rounds 2
- Last Round Post-IPO — $3.44M
- First Round $2.65M
(Oct 2013)
All 2 funding rounds of Ultimate Software with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2013 | $3.44M | Post-IPO | – | – | – |
| Oct 2013 | $2.65M | Post-IPO | – | – | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States | |
Private equity firm investing in software companies | – | jmi.com | Baltimore, United States | |
Sovereign wealth is managed and private equity investments are facilitated. | – | gic.com.sg | Singapore, Singapore | |
Private equity firm focused on acquisitions | – | hf.com | San Francisco, United States | |
Pension fund assets are managed for sustainable long-term growth. | 1997 | cppinvestments.com | Toronto, Canada |
Investor details for Ultimate Software
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Ultimate Software
772 people are tracked at Ultimate Software (252 in leadership, 520 in team).
| Name | Role | Group |
|---|---|---|
Mitch Dauerman | – | Leadership |
Bob Manne | – | Leadership |
Grace M. | Director | Leadership |
Janet Marotta | Senior Director Corporate Applications | Leadership |
Adam Berry | Vp, Deputy General Counsel | Leadership |
Matt Hammack | Director Strategic Alliances | Leadership |
Bob DelPonte | Executive Vice President and Chief Customer Experience Officer | Leadership |
John Woolley | Director Performance Engineering | Leadership |
Richard Lopez | Diverse Partner Program Manager | Leadership |
Ahmed Elshrif | Sales Director, Middle East | Leadership |
Isabel Romero | Project Coordinator - Benefits Administration Partner Support Services | Leadership |
Scott Niblock | Vice President Of Sales | Leadership |
Ryan Coft | Sales Director, Western Canada (enterprise) | Leadership |
Nicolas Fournet | Director - Global Marketing Insights | Leadership |
Kristen Collins Dever | VP Sales, Southeast | Leadership |
Erin Fish | Director Compensation | Leadership |
Jim Joudrey | Chief Technology Officer | Leadership |
Patrick Morris | Director, Trust And Funding Operations | Leadership |
Prakash Kota | Chief Information Officer | Leadership |
Rachel Favorite | Strategic Programs, Office Of The CMO | Leadership |
752 more people are available in the full profile.
Complete people profiles for Ultimate Software
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based HR document and employee management systems are provided. | people-doc.com | New York, United States | 2010 | Jul 2018 | $300M | |
Emotion-based intuitive analytics | kanjoya.com | San Francisco, United States | 2007 | Sep 2016 | •••• | |
HR Predictive Analytics | vestrics.com | Carrboro, United States | 2004 | May 2016 | •••• | |
Tablet-based solution is utilized for employee management and self-service. | employtouch.com | Toronto, Canada | 2011 | Oct 2013 | •••• |
Complete acquisition details for Ultimate Software
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Ultimate Software
9 dated milestones of Ultimate Software across 29 years, from founding to its latest funding, stage changes and deals.
- Founded Ultimate Software is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $2.6M.
- Acquisition Acquires EmployTouch.
- Funding Latest funding round, Post-IPO, of $3.4M.
- Acquisition Acquires Vestrics.
- Acquisition Acquires Kanjoya.
- Acquisition Acquires PeopleDoc.
- Exit Acquired by Hellman & Friedman.
Competitors of Ultimate Software
Ultimate Software has 9 listed competitors in our database, 7 of them funded. They include Gusto, Paycor, Payflow, Paychex and TriNet, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gusto.com | 2012 | San Francisco, United States | $718.35M | 5,876 | Cloud-based HR and payroll solutions are offered for small businesses. | |
| paycor.com | 1990 | Cincinnati, United States | $449.89M | 584 | Cloud-based HRMS platform is provided for small and medium-sized businesses. | |
| payflow.es | 2020 | Alcobendas, Spain | $58.23M | – | Payflow is recognized as a financial wellness application for employees. | |
| paychex.com | 1971 | New York, United States | – | 1,335 | Cloud-based HRMS solutions are delivered for payroll and employee management. | |
| trinet.com | 1988 | Dublin, United States | $60M | 347,500 | Cloud-based HRMS platform is offered for small and medium businesses. | |
| rippling.com | 2016 | San Francisco, United States | $1.85B | – | Cloud-based HR management suite is provided for employee operations. | |
| paylocity.com | 1997 | Arlington Heights, United States | $37.28M | 4,150 | Cloud-based payroll and HR solutions are provided for businesses. | |
| adp.com | 1949 | Roseland, United States | – | 44 | Cloud-based HR management solutions are offered for payroll and compliance. | |
| justworks.com | 2012 | New York, United States | $147.52M | 55,459 | Benefits administration and payroll management are provided for businesses. |
Detailed competitors of Ultimate Software
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Ultimate Software
The website of Ultimate Software (ultimatesoftware.com) receives about 15.3K visits a month.
- Monthly visits15.3K
▼ 17.4% vs previous month
Websites whose visitors overlap most with Ultimate Software. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| taleo.com | 100% | – | – | View details | |
| nuviewinc.com | 100% | – | – | View details | |
| ascentis.com | 86% | 63K | #349,153 | View details | |
| kenexa.com | 85% | 4.9K | #3,520,666 | View details | |
people-trak.com | people-trak.com | 83% | – | #14,065,169 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 23 similar websites and full traffic analytics for Ultimate Software
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 23 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in HR & Workforce Technology
10 companies that operate in the same segment as Ultimate Software (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | 1,695 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | – | 1,218 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
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Related news about Ultimate Software
Complete news archive for Ultimate Software
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Ultimate Software
Ultimate Software was founded in 1990 and raised its 1st funding round 23 years after it was founded.
Ultimate Software is headquartered in Weston, United States. It is registered at Weston, Florida, United States.
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.
Ultimate Software has made 4 acquisitions, including EmployTouch, Kanjoya, and PeopleDoc.
Ultimate Software has 5 investors. Key investors include Blackstone, CPP Investments, JMI Management, GIC, and Hellman & Friedman.
Ultimate Software operates through The Ultimate Software Group, Inc..
Yes. Ultimate Software was acquired by Hellman & Friedman in February 2019.