Ultimate Software Expands Performance Management, Competency-Based Suite of
Products with Acquisition of RTIX
WESTON, Fla., Oct. 25 /PRNewswire-FirstCall/ -- Ultimate Software
(Nasdaq: ULTI), a leading provider of end-to-end strategic human resources,
payroll, and talent management solutions, announced today its acquisition of
R.T.I.X. Limited, a United Kingdom company, and its wholly owned subsidiary
R.T.I.X. Americas, Inc. (RTIX) The acquisition of RTIX expands the performance
management and competency-based talent management feature-sets that Ultimate
Software can provide midsized and large businesses in the United States and
globally.
Ultimate Software has resold RTIX's performance management and appraisals
solution to its customers since February 2006. In the third quarter of 2006,
30% of Ultimate Software's new buyers of core UltiPro also purchased the
performance management solution. Branded UltiPro Performance Management, the
product is a critical component in talent management and includes goal-setting
and management, appraisal management, 360 and multi-rater evaluation
capabilities, and security-protected ongoing journal notes on competencies for
both managers and their reports.
RTIX brings a client base of approximately 250 organizations, including
Research International, Peugeot Citroen, Fujitsu Telecom, ABN Amro Bank
(United Kingdom), The Ministry of Defence (England), Ogilvy and Mather
Advertising Agency (Hong Kong and Southeast Asia divisions), Fonterra
(headquartered in New Zealand, the world's largest exporter of dairy
products), and Weatherford Oil (a U.S.-headquartered company with 29,000
employees worldwide).
RTIX's developers, support and services people, and founders have joined
Ultimate Software to continue the extension and enhancement of the UltiPro
Talent Management components, including Learning Management, which is
currently being offered to Ultimate Software customers, and Compensation
Management and Succession Planning in 2007. All are competency-based and
tightly integrated.
"Our entire RTIX team is excited about the opportunity for our products to
become an integral part of a solution with UltiPro's reputation for
excellence," said Daniel Taylor, CEO and cofounder of the RTIX companies.
"Because our technologies and company cultures are so similar, we expect many
long-term benefits for both companies' customers and employees."
"The acquisition of RTIX fits perfectly into our strategic plan to provide
our customers continuously enhanced strategic human resources functionality
and an integrated, single-source talent management solution that provides the
best all-around set of tools for businesses to acquire, manage, and retain
their most talented employees," said Scott Scherr, CEO, president, and founder
of Ultimate Software. "We could not be happier with the solutions, knowledge
exchange, people, and value that come with the RTIX acquisition."
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 licensed software and as on-demand services through
Intersourcing. Employing more than 600 professionals who are focused on
developing the highest quality products and services, Ultimate Software was
positioned in the Leaders quadrant of Gartner, Inc.'s "Magic Quadrant for U.S.
Midmarket Human Resource Management Systems, 2006" and as a Leader in
Forrester Research Inc.'s 2006 U.S. Midmarket HR solutions Wave ranking.
Ultimate Software was also named the 2005 Payroll Provider of the Year by the
Human Resources Outsourcing Association and ranked #3 on the 2006 Top 25 Best
Medium-Sized Companies to Work for in America list by the Great Place to Work
Institute. Also in 2006, Ultimate Software won two customer service awards,
one from American Business Awards as the Best Customer Service Organization,
and the other a first-place SSPA STAR Award from Service & Support
Professionals Association. 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.
For Sales Information:
Ultimate Software
Phone: (800) 432-1729
Web site: www.ultimatesoftware.com
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