ULTI on NASDAQ

Ultimate Software

Logo: Ultimate Software, Public domain, via Wikimedia Commons⁴

Former American multinational technology company

Price unavailable

Last updated Oct 19, 2026.

Overview

1990Founded¹

Compare with another stock.

TickerULTI on NASDAQ¹
Industrysoftware industry¹
HeadquartersWeston¹
Websitewww.ultimatesoftware.com
Incorporated inDE⁵
Business addressUltimate Software Group Inc, 2000 Ultimate Way, Weston, Fl 33326⁵
Filer categoryLarge accelerated filer⁵

See how the biggest companies compare on our leaderboards

Ultimate Software was an American multinational technology company that developed and sold UltiPro, a cloud-based human capital management (HCM) software system for businesses. Headquartered in Weston, Florida, the company was founded in 1990 by Scott Scherr, and it released its first version of software in 1993. As of the fourth quarter in 2017, Ultimate Software reported total revenues of over $940.7 million. As of 2017, the company employed more than 5,000 people and serviced 4,100 customers in 160 countries. Ultimate had offices around the U.S., Canada, UK, and Singapore. On February 4, 2019, Hellman & Friedman Capital Partners announced it would purchase Ultimate Software Group for $11 billion; the purchase closed on May 3, 2019.³

The story

Ultimate Software was founded in 1990 by Scott Scherr. In 1993, the tech company released UltiPro HRMS/payroll sold as on-premise software servicing core HR and payroll. The company went public (NASDAQ: ULTI) in June 1998.

In 2002, UltiPro was reintroduced as a cloud-based model to provide a unified management tool for human resources. This model allowed the company to hold more than 33 million client records in the cloud and provide services to more than 3,400 customers, according to Career Builder. The company expanded outside of the United States and opened an office in London, England. Later that year, Ultimate announced additional expansion in Singapore.

From Wikipedia’s article on Ultimate Software, shared under CC BY-SA 4.0.⁶

Leadership

Who has led Ultimate Software, and when. Pick a name to see everywhere that person has worked.

Chief executive

Scott Scherr2006–2019

Chair

President

Scott Scherr2006–2019

Chief financial officer

Chief operating officer

Marc D. Scherr2006–2019

1995200020052010201520202025

Chief executive officerScott Scherr Feb 10, 2006 to May 7, 2019⁷
ChairMarc D. Scherr Feb 10, 2006 to May 7, 2019⁸
ChairScott Scherr Feb 10, 2006 to May 7, 2019⁷
PresidentScott Scherr Feb 10, 2006 to May 7, 2019⁷
Chief financial officerFelicia Alvaro May 8, 2018 to May 7, 2019⁹
Chief financial officerMitchell K. Dauerman Feb 15, 2006 to Feb 13, 2018¹⁰
Chief operating officerMarc D. Scherr Feb 10, 2006 to May 7, 2019⁸

Board members and other officers (13)

Chief Services OfficerJulie Dodd Nov 5, 2018 to May 7, 2019¹¹
Senior VP, TechnologyAdam Rogers Aug 1, 2013 to May 7, 2019¹²
Senior VP, Enterprise SalesGregory Swick Aug 1, 2013 to May 7, 2019¹³
Senior VP, Workplace SalesJohn C. Phenicie Aug 1, 2013 to May 7, 2019¹⁴
Board memberFelicia Alvaro May 8, 2018 to Feb 12, 2019⁹
Board memberJason Dorsey May 22, 2017 to May 7, 2019¹⁵
Board memberJonathan D. Mariner May 22, 2017 to May 7, 2019¹⁶
Board memberJames A. Fitzpatrick Jr. Jan 5, 2006 to May 7, 2019¹⁷
Board memberLeroy Vander Putten Jan 5, 2006 to Aug 22, 2017¹⁸
Board memberRick Wilber Jan 5, 2006 to May 7, 2019¹⁹
Board memberRobert Yanover Jan 5, 2006 to Aug 22, 2017²⁰
Board memberAlois T. Leiter Oct 27, 2006 to May 7, 2019²¹
General counselRobert Manne Aug 1, 2013 to May 7, 2019²²

Products and brands

The company's UltiPro is a cloud-based platform that delivers human capital management to organizations across all industries. UltiPro provides one system of record for HR, payroll, and talent management. According to TrustRadius, UltiPro includes time and attendance, employee onboarding, performance management, compensation management, succession management, recruiting, and other features like predictive analytics.

From Wikipedia’s article on Ultimate Software, shared under CC BY-SA 4.0.⁶

Subsidiaries and ownership

Subsidiaries

PeopleDoc since 2018

From Wikidata.¹

Acquisitions

2018Acquired PeopleDoc¹
Succeeded by Ultimate Kronos Group¹

Employees over time

20184,877¹

Timeline

Feb 10, 2006New chief executive Scott Scherr becomes CEO⁷
Jun 2, 1998Went public Listed on NASDAQ¹
1990Founded Founded¹

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Jane Street Group, LLC	41,614	$482.9K	0.0%	New
Apollon Wealth Management, LLC	33,000	$383.0K	0.0%	−2,250
Old Mission Capital LLC	28,817	$334.4K	0.0%	New
UBS Group AG	487	$5.7K	0.0%	New
Fmr LLC	2	$23	0.0%	No change
Wells Fargo & Company/mn	1	$9	0.0%	No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataUltimate Software on Wikidata
2
SEC EDGARUltimate Software filings on SEC EDGAR
3
WikipediaUltimate Software on Wikipedia
4
Wikimedia CommonsUltimate Software logo by Ultimate Software, Public domain
5
SEC EDGARUltimate Software filings on SEC EDGAR
6
WikipediaUltimate Software on Wikipedia (revision used)
7
SEC EDGARScott Scherr, Chief executive officer
8
SEC EDGARMarc D. Scherr, Chair
9
SEC EDGARFelicia Alvaro, Chief financial officer
10
SEC EDGARMitchell K. Dauerman, Chief financial officer
11
SEC EDGARJulie Dodd, Chief Services Officer
12
SEC EDGARAdam Rogers, Senior VP, Technology
13
SEC EDGARGregory Swick, Senior VP, Enterprise Sales
14
SEC EDGARJohn C. Phenicie, Senior VP, Workplace Sales
15
SEC EDGARJason Dorsey, Board member
16
SEC EDGARJonathan D. Mariner, Board member
17
SEC EDGARJames A. Fitzpatrick Jr., Board member
18
SEC EDGARLeroy Vander Putten, Board member
19
SEC EDGARRick Wilber, Board member
20
SEC EDGARRobert Yanover, Board member
21
SEC EDGARAlois T. Leiter, Board member
22
SEC EDGARRobert Manne, General counsel