Ultimate Software's Development Team Wins First Place in 2008 American Business Awards

Business Wire, June 13, 2008

WESTON, Fla. -- Ultimate Software (NASDAQ:ULTI), a leading provider of end-to-end strategic human resources, payroll, and talent management solutions, announced today that its Development team was selected as the "Best Product Development Team" by the American Business Awards in its Stevie Award competition. More than 2,600 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories. The awards were presented on June 12 in New York City.

Among the achievements of the Ultimate Software Development team in 2007 were its delivery of the first single-database software-as-a-service (SaaS) payroll and human resources solution for management of Canadian employees and the successful execution of three very different strategies simultaneously:

* changing to Microsoft C#.NET and ASP.NET, enhancing the UltiPro product through Web Services and service-oriented architecture (SOA), and increasing product development speed and accuracy with new testing tools;

* changing its development methodology to Scrum, the Agile collaborative development approach; and

* creating a highly successful internship program to bring in very bright, "cream-of-the-crop" college programmers and hiring the best performers.

"Having a high-performance development team that operates strategically using state-of-the-art technologies is critical to our product and business success," said Scott Scherr, president, founder, and CEO of Ultimate Software. "This award is strong third-party validation that our development team stands out not only within our industry but also compared with other such teams in diverse industries nationwide."

The American Business Awards are the only national, all-encompassing awards program honoring great performances in business. The winners were selected from the finalists by a panel of judges and their staffs, and included such accomplished business professionals as Anthony Robbins, Chairman & CEO, The Anthony Robbins Companies; Donald Trump, Chairman, President & CEO, The Trump Organization; John Fitzgerald, Vice President of Marketing, The Ritz Carlton Club; Timothy P. Keenan, CEO, High Performance Technologies, Inc.; and Tom Peters, best-selling author and business guru.

Stevie Award winners were announced during the annual gala on Thursday, June 12 at the Marriott Marquis Hotel in New York City. More than 600 executives from across the USA attended the ceremonies that were broadcast on radio nationwide by the Business TalkRadio Network and hosted by Liz Claman of FOX Business Network.

About The Stevie Awards

Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in business worldwide. Learn more about The Stevie Awards at www.stevieawards.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.