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Ultimate Software Named to List of Top Companies That Promote and Foster Ethical Business Practices

Ultimate Software (Nasdaq: ULTI), a leading cloud provider of people management solutions, announced today that the company has been named as a top leader in ethical businesses policies in “Good Business: 10 Companies with Ethical Corporate Policies,” an article posted on Minyanville.com, an Emmy Award-winning destination site for the professional and active trading and investing audience with more than 1.3 million unique visitors and 8 to 10 million visitors per month.

“There are plenty of companies that hold themselves to a higher standard and show respect for the world around them,” said Anthony Shields, writer for Minyanville.com. “From having the best employee benefits to the championing of education and the environment, this list honors the companies with stellar moral practices.”

Ultimate was singled out for its treatment of its employees such as 100% free healthcare and complete coverage for all dependents as well as a great deal of diversity in its hiring practices. In addition to Ultimate, other businesses on the list included Ultimate customers Google and NuStar Energy as well as Microsoft, Starbucks, Goldman Sachs, Intel, and Salesforce.com. Ultimate also received recognition earlier this year when it was ranked #9 on FORTUNE's list of the “100 Best Companies to Work For.”

According to Scott Scherr, CEO, president, and founder of Ultimate Software, the company was built and continues to stand on a philosophical foundation of putting people first and doing the right thing. “We encourage our employees to respect and earn the trust of others,” said Scherr.

“We believe that because we treat our employees well, they will in turn treat our customers well. Our customers continually confirm that our people-centric philosophy has brought significant value to their organizations and their workforce. We’re proud that our company is fulfilling our commitment to our employees and our thousands of customers, and we’re very happy to have received this recognition from Minyanville.com.”

To read the full article on “Good Business: 10 Companies with Ethical Corporate Policies,” visit www.minyanville.com/sectors/consumer/articles/Good-Business253A-Corporations-with-Great-Ethical/2/16/2013/id/48045#ixzz2OlJ3p8ro

About Ultimate Software

Ultimate Software is a leading cloud-based provider of people management solutions, with more than 10 million people records in the cloud. Built on the belief that people are the most important ingredient of any business, Ultimate's award-winning UltiPro delivers HR, payroll, and talent management solutions that seamlessly connect people with the information and resources they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and has more than 1,600 professionals focused on developing the highest quality solutions and services. In 2013, Ultimate was ranked #9 on FORTUNE's list of the “100 Best Companies to Work For.” Ultimate has more than 2,500 customers with employees in 144 countries, including Adobe Systems Incorporated, Culligan International, Major League Baseball, The New York Yankees Baseball Team, Pep Boys, and Texas Roadhouse. More information on Ultimate's products and services for people management can be found at www.ultimatesoftware.com.

About Minyanville.com

Minyanville.com is an Emmy Award-winning destination site with more than 1.3 million unique visitors and 8 to 10 million visitors per month. According to Quantcast, Minyanville.com reaches the most affluent, college educated, 35-64 year old demographic in the category, consistently ranking in the top five Quantified websites. Minyanville provides a portfolio of applications and subscription products geared toward the professional and active trading and investing audience. Licensed by many of the world's largest financial institutions, Minyanville provides lead-edge solutions and content that generate ideas and build community.

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

Follow Ultimate Software on LinkedIn: http://linkd.in/UltimateHCM

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