Ultimate Software to Present at the Maxim Group Growth Conference

WESTON, Fla.--(BUSINESS WIRE)--Sept. 17, 2007--Ultimate Software
(Nasdaq:ULTI), a leading provider of end-to-end strategic human
resources, payroll, and talent management solutions, announced today
that Scott Scherr, president, CEO, and founder, and Mitchell Dauerman,
executive vice president and CFO, will present at the Maxim Group
Growth Conference on Thursday, September 20, 2007 at 3:30 p.m. Eastern
time. The conference will take place at the Grand Hyatt New York Hotel
in New York City.

Mr. Scherr and Mr. Dauerman will discuss Ultimate Software's
recurring revenue business, as well as an overview of the company's
history and overall financial results. A live audio webcast of the
presentation can be accessed at:
http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=ULTI&item_id=
1637383 (Due to its length, this URL may need to be copied/pasted into
your Internet browser's address field. Remove the extra space if one
exists.)

The Maxim Group Growth Conference will feature interactive
presentations from over 70 companies, as well as one-on-one meetings
with executives from the Healthcare, Technology, and Special
Situations sectors. Attendees will include securities analysts, fund
managers and institutional investors.

To schedule an appointment with Mr. Scherr and Mr. Dauerman or to
obtain further details on Ultimate Software's participation at other
conferences, call 954-331-7369.

About Maxim Group

Maxim Group is a leading investment banking, securities and
investment management firm. The Firm provides an array of financial
services including: investment banking, equity research, private
wealth management, structured products, and global institutional
equity, fixed-income and derivative sales and trading to a diverse
range of corporate clients, institutional investors and high net worth
individuals.

Maxim Group is registered as a broker-dealer with the U.S.
Securities and Exchange Commission and is a member of the following:
National Association of Securities Dealers (NASD); Municipal
Securities Rulemaking Board (MSRB); Securities Insurance Protection
Corporation (SIPC); International Securities Exchange (ISE); NASDAQ
Stock Market; and NYSE Arca, Inc. For additional information, please
visit http://www.maximgrp.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 on-demand services through its
software-as-a-service offering, 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
Mitchell Dauerman, CFO and Executive Vice President
954-331-7369
mitch_dauerman[at]ultimatesoftware.com

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