Ultimate Software logo — company profile

Ultimate Software

Founded 1990 United States Weston, United States 612 employees Post-IPO Equity Total: $19.09M AI, Cloud Infrastructure +4

General Information

Company Name Ultimate Software
Founded Year 1990
Location United States Weston, United States
Founders / Decision Makers
Team member
Employees 612
Industries AI, Cloud Infrastructure, Enterprise Software +3
Funding Stage Post-IPO Equity
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Usage Based, Service Fee
Social

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About Ultimate Software

Ultimate Software, now operating under the name UKG following its merger with Kronos Inc, is a formidable player in the realm of #HCM, #payroll, and #workforcemanagement solutions. Founded in 1990 in the United States, the company leverages cutting-edge innovations in the fields of AI, Cloud Infrastructure, and SaaS. As a comprehensive provider of Enterprise Software and Information Technology services, UKG addresses vital human resources needs across the globe.

The company's most recent financial activity was a $3.44M Post-IPO Equity investment on 25 November 2013. Despite this, it continues to be a robust force in its sector, suggesting a solid financial underpinning and a long-standing market presence that invite further investment opportunities. Such attributes make UKG a compelling consideration for those looking to invest in a well-established tech entity that continues to merge comprehensive industry experience with future-ready innovations.

Business keywords: Human Resources, Payroll, Human Capital Management, Talent Management, Recruitment, Onboarding, Performance Management, Benefits Management, Time and Attendance, Cloud Solutions, Employee Experience, Global Workforce Management

Services & Products

Human Capital Management
Workforce Operating Platform
Payroll and Compliance
People-First AI Solutions
HR Service Delivery

Target Customers

Small Business Midsize Business Enterprise Healthcare Providers Retail Chains Government Agencies Manufacturers Financial Service Providers Field and Contract Services

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Equity $3.44M -
25 Nov 2013
Post IPO Equity $2.65M -
15 Oct 2013
Series B $8.00M 1
HarbourVest Partners
01 Jun 1997
Series A $5.00M -
01 Apr 1996

Ultimate Software Alternatives & Competitors

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Ultimate Software vs

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Ultimate Software vs
Dayforce
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#makesworklifebetter

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Ultimate Software vs
Paycor
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Paycor’s HR, payroll, and talent platform connects leaders to people, data, and expertise. We help l...

Post-IPO Secondary
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FAQ About Ultimate Software

Built from the merger of Ultimate Software & Kronos Inc, we are now UKG. We provide global #HCM, #payroll and #workforcemanagement solutions.
Ultimate Software was founded in 1990.
Ultimate Software is headquartered in Weston, United States.
Ultimate Software operates in AI, Cloud Infrastructure, Enterprise Software, Information Technology, SaaS and Human Resources. Its work centres on Human Resources, Payroll, Human Capital Management and Talent Management. Its customers include Small Business, Midsize Business and Enterprise.
Ultimate Software has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Usage Based and Service Fee.
Ultimate Software has approximately 612 employees.
Ultimate Software has completed 4 funding rounds, raising a total of $19.09M. The latest funding stage is Post-IPO Equity.
Ultimate Software offers: Human Capital Management, Workforce Operating Platform, Payroll and Compliance, People-First AI Solutions, HR Service Delivery.
Top alternatives and competitors to Ultimate Software include Kronos, Dayforce, Paycor, Keka HR, Cornerstone OnDemand. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ultimate Software and Kronos are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Ultimate Software, https://bouncewatch.com/company/ultimate-software, updated 11 April 2026. When citing, please name BounceWatch and link this page.

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