Ultimate Software to Present June 18 at William Blair & Company's 28th Annual Growth Stock Conference

Business Wire, June 12, 2008

WESTON, Fla. -- Ultimate Software (Nasdaq:ULTI), a leading provider of human resources, payroll and talent management solutions, announced today that Scott Scherr, president, CEO, and founder, and Mitchell Dauerman, executive vice president and CFO, are scheduled to present at William Blair & Company's 28th Annual Growth Stock Conference on Wednesday, June 18, 2008 at 2:30 p.m. Central Time. The three-day event will be held at the Four Seasons Hotel in Chicago, Illinois June 17-19, 2008.

Mr. Scherr and Mr. Dauerman will discuss Ultimate Software's recurring revenue business, as well as an overview of the company's history and financial results. The live and archived Webcast can be accessed at http://www.wsw.com/webcast/blair13/ulti/.> To schedule an appointment with Mr. Scherr and Mr. Dauerman or to obtain further details on Ultimate Software's participation at the conference, call (954) 331-7369.

About William Blair & Company

William Blair & Company, L.L.C. is a Chicago-based investment firm offering investment banking, asset management, equity research, institutional and private brokerage, and private capital to individual, institutional, and issuing clients. Since 1935, they have been committed to helping clients achieve their financial objectives. As an independent, employee-owned firm, their philosophy is to serve their clients' interests first and foremost. William Blair & Company places a high value on the enduring nature of their client relationships, the quality of their products and services, and the continuity and integrity of their people. William Blair & Company has offices in Chicago, Hartford, London, San Francisco, Tokyo, Vaduz, and Zurich. For more information, please visit www.williamblair.com.

About Ultimate Software

A leading provider of end-to-end strategic human resources, payroll, and talent management solutions, Ultimate Software markets its award-winning UltiPro products as on-demand services through its software-as-a-service (SaaS) offering, Intersourcing, and as licensed software. Based in Weston, FL, the Company employs approximately 800 professionals who are focused on developing the highest quality products and services. In January 2008, Ultimate Software was the first HR/payroll SaaS provider to be audited and awarded the ISO/IEC 27001:2005 Certification for security management. The Company's internal technology team won a first place award for its management of Intersourcing from the American Business Awards in 2007, and its customer service team won two first-place awards for service excellence in 2006, one from the Service & Support Professionals Association and another from the American Business Awards. Ultimate Software was ranked #3 on the 2006 and 2007 lists of the Best Medium-Sized Companies to Work For in America by the Great Place to Work Institute, and has approximately 1,600 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 BMG Entertainment. More information on Ultimate Software'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.