Ultimate Software Named a Leader in the 2018 Gartner Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises for Second Consecutive Year

Ultimate Software positioned as Leader based on Ability to Execute and Completeness of Vision

Ultimate Software ULTI, a leading provider of human capital management (HCM) solutions in the cloud, announced today that it has been positioned by Gartner, Inc. as a Leader in the Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises for the second consecutive year, based on Gartner's evaluation criteria of ability to execute and completeness of vision.

Gartner is the world's leading research and advisory company, and the Gartner Magic Quadrant provides a wide-angle view of the relative positions of the market's competitors. The criteria considered in this evaluation include ability to execute (product or service, overall viability, sales execution/pricing, market responsiveness/record, marketing execution, customer experience, and operations) and completeness of vision (market understanding, marketing strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation, and geographic strategy).

"UltiPro has been the backbone of our transformation to a high-performance culture, driven by the solution's people analytics and talent management feature set that give our managers the information and technology they need to be successful," said Leslie Fisher, senior vice president of human resources and training for Red Roof. "Ultimate's focus on people aligns with our vision of developing our employees personally and professionally to raise engagement, and to boost each individual's contribution to our organization. Ultimate Software's commitment to developing solutions that elevate the entire employee experience will enable us to sustain our leadership in our market."

"We believe our recognition as a Leader in HCM Suites for Midmarket and Large Enterprises is a strong validation of our market success and our investments in innovative product and service offerings," said Scott Scherr, CEO, president, and founder of Ultimate. "We pride ourselves on our ability to execute, and we feel that it is a key reason that our customers derive value from their investment in UltiPro year after year. In addition, we continue to develop products that solve our customers' challenges and enable them to achieve their business goals. While our ‘People First' philosophy is the force behind our successful product design, it is also the bridge to trusted, lifelong partnerships with our customers."

Ultimate's UltiPro cloud solution is built to help organizations achieve better business results with its comprehensive HCM functionality that includes everything from talent acquisition, to payroll, to time management, to business intelligence and artificial intelligence technologies. UltiPro enables executives to better understand employees, predict behavior, and prescribe personalized recommendations to drive change from all relevant HCM data.

Gartner states, "In recognition of the growing adoption of loosely coupled HCM and financial applications, this Magic Quadrant focuses solely on vendors that actively sell and develop cloud HCM suites on a stand-alone basis to midmarket and large enterprises."

¹Gartner, "Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises." By Melanie Lougee, Ranadip Chandra, Ron Hanscome, Helen Poitevin, Chris Pang, Jeff Freyermuth, Sam Grinter, John Kostoulas, Jason A. Cerrato, August 15, 2018.

Disclaimer:

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Ultimate Software

Ultimate is a leading provider of cloud-based human capital management solutions, with approximately 40 million people records in the Ultimate cloud. Our award-winning UltiPro delivers HR, payroll, talent, time management, employee sentiment analysis, and HR service delivery solutions that connect people with the information they need to work more effectively. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs approximately 4,700 professionals. In 2018, Ultimate ranked #3 on Fortune's prestigious 100 Best Companies to Work For list, our seventh consecutive year in the top 25; #1 on its Best Workplaces in Technology list for the third year in a row; and #1 on its 100 Best Workplaces for Millennials list, our second year at the top. Also in 2018, PEOPLE magazine ranked Ultimate #3 on its 50 Companies That Care list, and our Services organization was named #1 Customer Service Department of the Year by Customer Sales and Service World Awards. In 2017, Forbes ranked Ultimate #7 on its list of 100 Most Innovative Growth Companies. Ultimate has approximately 4,400 customers with employees in 160 countries, including Bloomin' Brands, Culligan International, Feeding America, Red Roof Inn, SUBWAY, Texas Roadhouse, and Yamaha Corporation of America. More information on Ultimate's products and services for people management can be found at www.ultimatesoftware.com.

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

Follow Ultimate Software on Twitter: www.twitter.com/UltimateHCM and on LinkedIn: https://ulti.pro/LinkedIn

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