Ultimate Software

{{Short description|Former American multinational technology company}}

{{Infobox company

| name = Ultimate Software Group, Inc.

| logo = Ultimate Software logo.svg

| type = Private

| fate = Merged with Kronos Incorporated

| successor = Ultimate Kronos Group

| founded = {{Start date and age|1990}}{{cite web|url=http://www.ultimatesoftware.com/about.asp|title=HR Software Solutions & Payroll for Human Capital Management - Ultimate Software|access-date=22 April 2016}}

| founder = Scott Scherr

| defunct = April 1, 2020

| key_people = Scott Scherr (CEO)

| area_served = {{Unbulleted list|United States|Canada}}

| industry = SaaS HCM Software

| products = {{Unbulleted list|Human Resources|Payroll|Recruiting|Onboarding|Talent Management|Time Management| Global HCM}}

| services = {{Unbulleted list|Managed Services|Payment Services|Print Services|Check Printing}}

| revenue = $940.1 million (2017) {{cite web|url=https://seekingalpha.com/article/4143827-ultimate-software-group-ulti-q4-2017-results-earnings-call-transcript |title=The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript |publisher=Seeking Alpha|date=2018-02-06 |access-date=2017-04-23}}

| num_employees = 5,144 (2019)

| owner = Hellman & Friedman

| website = {{url|http://www.ultimatesoftware.com/}}

| location = Weston, Florida

}}

Ultimate Software was an American multinational technology company that developed and sold UltiPro, a cloud-based human capital management (HCM) software system for businesses. Headquartered in Weston, Florida, the company was founded in 1990 by Scott Scherr, and it released its first version of software in 1993. As of the fourth quarter in 2017, Ultimate Software reported total revenues of over $940.7 million.{{cite web|url=https://seekingalpha.com/article/4143827-ultimate-software-group-ulti-q4-2017-results-earnings-call-transcript|title=The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript|website=The Ultimate Software Group (ULTI) Q4 2017 Results - Earnings Call Transcript|date=6 February 2018 |publisher=Seeking Alpha|access-date=2018-02-06}} As of 2017, the company employed more than 5,000 people and serviced 4,100 customers in 160 countries.{{Cite web|title = Working at Ultimate Software|url = http://www.glassdoor.com/Overview/Working-at-Ultimate-Software-EI_IE7900.11,28.htm|website = Glassdoor|access-date = 2015-09-25}} Ultimate had offices around the U.S., Canada, UK, and Singapore.{{Cite web|title = Ultimate Software - Contact an Ultimate Software Representative, Your Source for HRIS|url = http://www.ultimatesoftware.com/ContactUs?from=search&searchTerm=singapore&searchPos=1&searchCount=98|website = www.ultimatesoftware.com|access-date = 2015-09-25}} On February 4, 2019, Hellman & Friedman Capital Partners announced it would purchase Ultimate Software Group for $11 billion;{{Cite news|title = Ultimate Software to Go Private in $11 Billion Cash Deal|url = https://www.bloomberg.com/news/articles/2019-02-04/hellman-friedman-to-buy-ultimate-software-in-11-billion-deal|website = Bloomberg| date=4 February 2019 |access-date = 2019-02-04}} the purchase closed on May 3, 2019.

In February 2020, Ultimate Software announced its plan to merge with Kronos Incorporated to form a cloud-computing venture specializing in human resource software.{{Cite web |date=20 February 2020 |title=Kronos, Ultimate Software merge to form $22 bln workplace software co |url=https://www.reuters.com/article/technology/kronos-ultimate-software-merge-to-form-22-bln-workplace-software-co-idUSL4N2AK4HM/ |access-date=28 January 2025 |website=Reuters}} The merger was completed on April 1, 2020. The company is named Ultimate Kronos Group.{{Cite web |last= |first= |date=August 2020 |title=Welcome to Ultimate Kronos Group |url=https://www.ukg.com/?src=kronos-legacy |access-date=2020-08-28 |website=Ultimate Kronos Group |language=en}}{{Cite web |last1=Payne |first1=Emily |date=February 24, 2020 |title=Kronos, Ultimate Software announce merger |url=https://www.benefitspro.com/2020/02/24/kronos-ultimate-software-announce-merger/ |access-date=2020-02-28 |website=BenefitsPRO |language=en}}