Human Resources: Ultimate Software Named a Finalist in Four Categories, Including Best Overall Company

    WESTON, Fla.--(BUSINESS WIRE)--May 16, 2007--Ultimate Software
(Nasdaq:ULTI), a leading provider of end-to-end strategic human
resources, payroll, and talent management solutions, announced today
that it has been chosen as a finalist in the categories of Best
Overall Company (Up to 2,500 Employees), Best Customer Service
Organization, Best Support Team, and Best IT Team for the 2007
American Business Awards.

    More than 2,000 entries from companies of all sizes and in nearly
every industry were submitted for consideration in more than 40
categories. Dubbed "the business world's own Oscars" by the New York
Post in April 27, 2005, The American Business Awards is the only
national, all-encompassing awards program honoring great performances
in business. In previous years, Ultimate Software was recognized as a
winner in the categories of Best Customer Support Organization, Best
Development Team, and Best Salesperson.

    "Being named a finalist in The American Business Awards' Best
Overall Company category is an honor," said Scott Scherr, president,
founder, and CEO of Ultimate Software. "We are also very pleased to
see that our Technology team that supports our on-demand,
software-as-a-service Intersourcing solution and our Customer Services
teams are finalists as well."

    Stevie Award winners will be announced during the annual gala on
Monday, June 11 at the Marriott Marquis Hotel in New York City. More
than 700 executives from across the country are expected to attend.
The ceremonies will be hosted by Larry Wilmore of TV's THE DAILY SHOW
with Jon Stewart, and will be videocast on the Internet and broadcast
on radio.

    Members of the Awards' Board of Distinguished Judges & Advisors
and their staffs will select Stevie Award winners this week from among
finalists. Finalists were chosen by business professionals nationwide
during preliminary judging in April through early May.

    "Being named a Finalist in The American Business Awards is an
important achievement," said Michael Gallagher, founder and president
of The Stevie Awards. "It means that independent business executives
have agreed that the nominee is worthy of national recognition. We
congratulate all of the finalists on their achievement and wish them
well in the competition."

    Premier Sponsors of The 2007 American Business Awards include
EMCOR Group, Silverjet, and ValueVision Associates. Presentation
sponsor is the German State of Bavaria's U.S. Office for Economic
Development. Supporting sponsors include Harris Corporation, High
Performance Technologies, Inc., John Hancock, Starwood Hotels &
Resorts, and Ultimate Software. Media sponsors include the Business
TalkRadio Network, Chief Executive, CIO Decisions, CRMAdvocate, and
Human Resource Executive. The Business TalkRadio Network will host the
live radio broadcast of the June 11 awards ceremonies, and HB Group
will videocast the ceremonies worldwide.

    Details about the American Business Awards and the list of
finalists in all categories are available at www.stevieawards.com/aba.

    About the American Business Awards

    Hailed as "the business world's own Oscars," Stevie Awards are
conferred in four programs: The American Business Awards, The
International Business Awards, The Stevie Awards for Women in
Business, and the Selling Power Sales Excellence Awards. Honoring
companies of all types and sizes and the people behind them, the
Stevies recognize outstanding performances in the workplace worldwide.
Learn more about The Stevie Awards at www.stevieawards.com.

    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 approximately 650
professionals who are focused on developing the highest quality
products and services, Ultimate Software was identified 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.

CONTACT: Ultimate Software, Weston
Darlene Marcroft, 954-331-7444
darlene_marcroft[at]ultimatesoftware.com

For Sales Information:
Ultimate Software, 800-432-1729
Web site: www.ultimatesoftware.com