Ultimate Software (Nasdaq: ULTI), a leading provider of end-to-end strategic human resources, payroll, and talent management solutions, today announced that its UltiPro human capital management (HCM) solution has been named a winner of THINKstrategies’ Best of SaaS Showplace (BoSS) Awards. The BoSS Awards were unveiled in January 2009 by THINKstrategies to bring greater attention to Software-as-a-Service (SaaS) and cloud-computing companies that produce tangible business benefits, such as increased sales, lower costs, higher customer satisfaction, faster operations, and greater profitability.

Delivered through SaaS, UltiPro has become a preferred solution for businesses that want to streamline human capital management (HCM) operations without relying on internal IT resources. Hundreds of companies representing more than 1 million employees use UltiPro’s SaaS model for a wide range of functions, such as payroll, benefits administration, recruitment, onboarding, performance management, learning management, compensation management, time and labor management, employee self-service, compliance reporting, analytics, and more—making it the most widely used end-to-end HCM SaaS solution in North America.

UltiPro’s SaaS model relieves companies of the IT responsibilities required to support an HCM solution, such as hardware procurement and software installation, upgrades, and maintenance—while still providing full control of the areas most critical to HR, like talent management and business intelligence reporting. Because labor costs can account for 60% to 80% of most companies’ operating expenses, UltiPro with SaaS delivery can generate major business savings and bottom-line improvements. For example, Genmar Holding Company, the largest manufacturer of boats in the U.S., is saving approximately $500,000 each year, and Promise Healthcare, one of the largest long-term acute care hospitals in the country with 2,700 employees, is saving approximately $400,000 over a five- year period using UltiPro through SaaS.

"Since labor is the greatest ongoing cost of operations for many organizations, it is essential to tightly control these costs,” stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "Ultimate Software’s UltiPro has achieved a track record of success helping organizations of all sizes generate meaningful reductions in their HR costs while improving the quality of their operations."

“We’re very pleased that UltiPro has earned this important SaaS distinction,” said Bill Hicks, chief information officer at Ultimate Software. “When creating an HCM SaaS solution, we focused on developing a product that would help our clients reap tangible business benefits and enjoy optimal functionality for workforce management, without any of the technology hassles typical of on-premise software. The BoSS honor recognizes the substantial value that companies are deriving from UltiPro.”

About THINKstrategies, Inc.

THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers, and investors today as the technology industry shifts toward a services orientation. THINKstrategies' mission is to help clients re-THINK their corporate strategies and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies. In addition to the Software-as-a-Service Showplace, THINKstrategies is also the founder of the Managed Services Showplace, a vendor-independent, online directory and information resource center of managed service solutions. For more information regarding THINKstrategies' unique consulting services, visit www.thinkstrategies.com, or contact info@thinkstrategies.com.

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 approximately 1,000 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 1,800 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.

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

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