Ultimate Software Ranked #1 Best Medium Company to Work For in America For Second Consecutive Year

Ultimate Software (Nasdaq:ULTI), a leading provider of strategic end-to-end human resources, payroll, and talent management solutions, announced today that it has been named the #1 medium company to work for in America for the second consecutive year by the Great Place to Work® Institute (GPTW), the same research and management consultancy that produces FORTUNE’s “100 Best Companies to Work for” list for large companies, and the Society for Human Resource Management (SHRM). A family-like culture, unique benefits, and a down-to-earth management style contribute to the cohesive, productive business environment at Ultimate.

No other company has ever been recognized as the #1 place to work twice in the medium company rankings. This is the fourth consecutive year that Ultimate has been ranked in the top three. The “Top 50 Best Small & Medium Companies to Work for in America” for 2009 were announced today in New Orleans at SHRM’s 61st Annual Conference & Exposition.

“We are honored to be ranked the number one medium company to work for again. Taking care of our people is the cornerstone of all that we do at Ultimate, and our people have rewarded us by creating a first-rate suite of software-as-a-service (SaaS) solutions for human capital management and by providing our customers with world-class service,” said Scott Scherr, Ultimate’s founder, president, and CEO. “We are grateful to have a business culture driven by a passion for excellence, respect, and honor, and that combination has given us a significant competitive edge in our industry.”

Hundreds of companies across the United States submitted entries in the very detailed and competitive analysis conducted by GPTW. The rankings are primarily determined from employee opinion surveys that analyze an organization’s workplace culture. Employee-survey responses count for two-thirds of an organization’s score. The evaluation process also includes the assessment of organization practices and perspectives from the leadership team, which accounted for one-third of the group’s score.

Full coverage of the award ceremony and other details are available at www.shrm.org . Organizations on the “Top 50 Best” list will also be listed at www.greatplacetoworkinstitute.com and www.cnnmoney.com .

About the Society for Human Resource Management

The Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Representing more than 250,000 members in over 140 countries, the Society serves the needs of HR professionals and advances the interests of the HR profession. Founded in 1948, SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China and India. Visit SHRM Online at www.shrm.org .

About the Great Place to Work Institute, Inc.

The Great Place to Work Institute, Inc. is an international research and consulting firm dedicated to building great workplaces. The Institute uses its employee survey and assessment process to select the companies appearing on the annual “Society for Human Resource Management 50 Best Small & Medium Companies to Work for in America” list and “FORTUNE’s 100 Best Companies to Work For” list. In addition to its global headquarters in San Francisco, it has 29 affiliates in countries throughout North America, South America, Europe and Asia.

About Ultimate Software

A leading provider of end-to-end strategic human resources, payroll, and talent management solutions , Ultimate markets its award-winning UltiPro products as on-demand services through software-as-a-service (SaaS) and as on-premise software. Based in Weston, FL, the Company employs more than 900 professionals who are focused on developing the highest quality products and services. In 2009, Ultimate was awarded first place in the People’s Choice Stevie® competition for Favorite New SaaS Product and was ranked the #1 best medium-sized company to work for in America by the Great Place to Work® Institute for the second consecutive year. In 2008, Ultimate was the first HR/payroll SaaS provider to be audited and awarded the ISO/IEC 27001:2005 Certification for security management and was recognized for having the #1 “Best Product Development Team” in the nation by the American Business Awards. Ultimate has more than 1,700 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 Music Entertainment. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com .