Ultimate Software (Nasdaq: ULTI), a leading provider of unified human capital management (HCM) SaaS solutions for global businesses, today issued the following statement. Ultimate's policy is not to comment on rumors and speculation. Nevertheless, Ultimate believes that investors need to be aware that Ultimate has no present intention to engage in a sale of the company.

Ultimate remains focused on continuing to invest in, develop, and support its market-leading HCM solution and servicing its customers.

Ultimate disclaims any obligation to comment on rumors or speculation, or to update statements made herein. Any decision by Ultimate to not comment on rumors should not be interpreted to mean that such rumors or press are accurate.

About Ultimate

A leading provider of unified human capital management SaaS solutions for global businesses, Ultimate markets its award-winning UltiPro solution as an on-demand service through Software-as-a-Service (SaaS). Based in Weston, FL, Ultimate employs approximately 1,100 professionals who are focused on developing the highest quality products and services. In 2010, Ultimate was named an Optimas Award winner by Workforce Management magazine. 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 2,000 customers representing diverse industries, including such organizations as Adobe Systems Incorporated, The Container Store, Culligan International, Elizabeth Arden, Major League Baseball, The New York Yankees Baseball Team, and Ruth's Chris Steak House. More information on Ultimate's products and services can be found at www.ultimatesoftware.com.

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

Ultimate Software, Weston
Public Relations Contact: Darlene Marcroft, 954-331-7444 darlene_marcroft@ultimatesoftware.com
or
For Sales Information:
Ultimate Software, 800-432-1729
Web site: www.ultimatesoftware.com