Market Overview

Ultimate Software Ranked #2 Best Workplace for Women by Fortune

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Ultimate Software (NASDAQ:ULTI), a leading provider of human capital
management (HCM) solutions in the cloud, announced today that it has
been ranked #2 on this year's 100 Best Workplaces for Women list
by Fortune and Great Place to Work. Rankings are drawn from surveys of
more than 400,000 women at Great Place to Work-Certified organizations
throughout the United States. Results also take into account
representational data, such as the total percentages of women and number
of women in executive and managerial roles at these companies.

"At Ultimate, we're focused on putting people first, every day. We
especially realize the essential role women play as innovators and
leaders not only in tech, but in workplaces everywhere," said Vivian
Maza, chief people officer at Ultimate. "We're committed to providing a
caring, productive environment where women feel respected, are
empowered, and have the necessary resources to excel as professionals.
At the same time, Ultimate wholeheartedly supports those wishing to
raise families while developing their careers, and we offer diverse
programs and comprehensive benefits to ensure all employees can maintain
a healthy work-life balance as they serve our customers, our
communities, and one another."

Women comprise nearly half (49%) of Ultimate's total workforce, and 42%
of females at Ultimate hold leadership positions of manager or above.
Employees are encouraged to join Ultimate's Women in Leadership (WIL)
group, one of three companywide Communities of Interest that promote
inclusivity, equality, respect, and care for all individuals, aligning
with the company's "People First" core philosophy. WIL offers Ultimate's
women at all job levels an outlet to learn, connect, and succeed through
a variety of networking, social, and community service events that
"aspire to inspire" women everywhere.

To help develop the next generation of female leaders, this past summer
Ultimate and WIL introduced the Athena Scholarship, awarding two annual
college scholarships of up to $20,000 each to graduating daughters of
Ultimate employees, as well as rising seniors graduating high school
next year. The scholarships will be awarded to young women pursuing
studies in tech (such as computer science, engineering, programming,
user experience and test programming, and user experience design) or who
demonstrate superior leadership skills in their school and/or community,
with the potential to become a woman leader.

Ultimate continues to expand its support and care for employees, within
the workplace and beyond its walls. In January, Ultimate added coverage
for infertility treatments as part of the company's healthcare plan,
which already includes 100% employer-paid medical, dental, and vision
premiums for all employees and their families (including same-sex
married couples). As part of its comprehensive benefits package,
Ultimate also offers employees paid maternity and adoption leave (10
weeks each), as well as paid paternity leave (4 weeks); unlimited PTO
throughout the year; $300 annually (per child) to help cover costs of
extracurricular activities; and such onsite benefits as access to
private "Mommy's Rooms" for nursing women.

In determining final rankings on Fortune's list, women across the United
States completed Great Place to Work's anonymous Trust Index©
survey, rating their organizations in more than 50 areas, such as
respect, fairness, management, and camaraderie. The ranking also
considered women's survey results compared with their colleagues', to
ensure women had as positive an experience as men. This considered an
index of factors, including access to meaningful work, fair pay, and
plans for a future with their organizations. Great Place to Work also
analyzed demographic patterns to ensure companies created great
workplaces for all women, regardless of who they are or what jobs they
do.

For more information and to view Fortune's 2017 list of the 100 Best
Workplaces for Women
, visit http://fortune.com/best-workplaces-for-women.

About Great Place to Work®

Great Place to Work is the global authority on high-trust,
high-performance workplace cultures. Through its certification
programs
, Great Place to Work recognizes outstanding workplace
cultures and produces the annual Fortune 100 Best Companies to Work
For
® and Great Place to Work Best Workplaces lists
for millennials, women, diversity, small and medium companies,
industries and, internationally, countries and regions. Through its culture
consulting services
, Great Place to Work helps its clients
create great workplaces that outpace peers on key business metrics like
revenue growth, profitability, retention, and stock performance.

About Ultimate Software

Ultimate is a leading provider of cloud-based human capital management
solutions, with more than 33 million people records in the cloud.
Ultimate's award-winning UltiPro delivers HR, payroll, talent, and time
and labor management 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 3,950
professionals. In 2017, Ultimate ranked #7 on Fortune's 100 Best
Companies to Work For
list, its sixth consecutive year in the top
25; #7 on Forbes' list of 100 Most Innovative Growth Companies; #2
on People's 50 Companies That Care list; and the
National Customer Service Association named Ultimate Service
Organization of the Year
in the Large-Business category. Ultimate
has more than 3,700 customers with employees in 160 countries, including
Bloomin' Brands, Culligan International, Feeding America, Major League
Baseball, 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://linkd.in/UltimateHCM

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