Human Resources: Boeing Employees Credit Union ``Live'' and Projecting Savings with Ultimate Software's UltiPro

    WESTON, Fla.--(BUSINESS WIRE)--July 11, 2007--Ultimate Software
(Nasdaq:ULTI), a leading provider of end-to-end strategic human
resources, payroll, and talent management solutions, announced today
that Boeing Employees Credit Union (BECU), the largest credit union in
Washington and one of the top 10 financial cooperatives in the
country, is "live" on UltiPro and already experiencing benefits
compared to the enterprise resource planning (ERP) solution it used
previously.

    BECU switched to UltiPro from an ERP built on cumbersome 16-bit
UNIX architecture because the credit union's HR team wanted a
fully-functional, cost-effective solution on a more updated platform
congruent with the company's internal systems. With its agile
Microsoft SQL Server platform, UltiPro was the choice. Having gone
"live" in April 2007, BECU is on track to save more than $250,000 in
the next three years, with additional returns following because of
lower maintenance and overall operating costs.

    "Based upon our return on investment analysis, we expect to save
in excess of a quarter of a million dollars over the next three
years," said Greg Stannard, BECU's HRIS manager. "Part of that savings
is attributed to the implementation, which was very smooth."

    Having already rolled out manager and employee self-service, BECU
is able to take advantage of UltiPro's Internet access to give
associates convenient 24/7 rights to their own human resource and
payroll details. With its previous vendor, BECU's employees and
managers could only access self-service functionality via the
company's internal network, but with UltiPro, BECU can make its
workforce portal available from anywhere via a Web connection.

    "I think our employees appreciate the flexibility of being able to
log on from home whenever they want to update their hours worked,
personal information, direct deposit selections, or beneficiary
choices. Managers also have the flexibility to approve employee
timesheets from hotel, office or home," said Stannard. "The
flexibility of the UltiPro portal allows us to provide links to
outside resources, such as benefit providers, much easier than we
could with our previous vendor."

    UltiPro is also providing BECU's managers with more flexibility by
giving them the ability to delegate approval responsibilities through
UltiPro's workflow tools when they are out of the office -- a feature
they did not have with the ERP. With UltiPro, users have the option to
delegate employee requests to the appropriate manager or management
team for approvals, so there are no bottlenecks in the process.

    "BECU is just beginning to experience the value that UltiPro can
provide compared to an ERP," said Greg Swick, senior vice president of
sales for Ultimate Software. "Our Ultimate Software teams -- from
product development to professional services to customer support
services -- are focused on delivering a very broad, high-quality
product- and service-set for HR professionals and, with the singular
focus on HR, we offer customers a uniquely positive experience in
managing their people, from recruitment to retirement. We look forward
to seeing BECU experience more and more benefits as they continue to
take advantage of UltiPro's features."

    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
Intersourcing and as licensed software. Based in Weston, FL, Ultimate
Software employs more than 700 professionals who are focused on
developing the highest quality products and services. Ultimate
Software's IT 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 named a "Leader" in Forrester Research Inc.'s 2006 U.S.
Midmarket HR solutions Wave ranking and 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. Ultimate Software customers represent
diverse industries and include such organizations as The Container
Store, Elizabeth Arden, The Florida Marlins Baseball Team, The New
York Yankees Baseball Team, Nintendo of America, Ruth's Chris Steak
House, and SkyWest Airlines. 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.

CONTACT: Ultimate Software, Weston
             Darlene Marcroft, 954-331-7444
             darlene_marcroft[at]ultimatesoftware.com
             or
             For Sales Information:
             Ultimate Software, 800-432-1729
             Web site: www.ultimatesoftware.com