Ultimate Software to Present at Wedbush Morgan Securities 5th Annual Investor Conference

) Ultimate Software to Present atWedbush Morgan Securities 5th Annual Investor Conferencein New York City
WESTON, Fla.--(BUSINESS WIRE)--May 10, 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, are scheduled to present at the
Wedbush Morgan Securities 5th Annual Institutional Investor Conference
at 9:30 a.m. Eastern time on Thursday, May 17. The two-day event will
be held at Le Parker Meridien Hotel in New York City on May 16 and May
17, 2007.

    The presentation will include a discussion of Ultimate Software's
recurring revenue business, as well as an overview of the company's
history and overall financial results. To listen to the live or
archived presentation, visit
http://www.wsw.com/webcast/wedbush4/ulti/.

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

    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
Mitchell Dauerman, Executive Vice President and CFO,
954-331-7369
mitch_dauerman[at]ultimatesoftware.com
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