Ultimate Software to PresentNovember 15 at UBS Global Communications and Technology Conference

    WESTON, Fla.--(BUSINESS WIRE)--Nov. 7, 2006--Ultimate Software
(Nasdaq:ULTI), a leading provider of end-to-end strategic human
resources, payroll, and talent management solutions, announced today
that Mitchell Dauerman, executive vice president and CFO, is scheduled
to present at 4:30 pm Eastern time on Wednesday, November 15, 2006.
The event will be held at the Grand Hyatt in New York City.

    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 schedule an appointment with 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 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.

CONTACT: Ultimate Software, Weston
Mitchell Dauerman, Executive Vice President and CFO,
954-331-7369, mitch_dauerman[at]ultimatesoftware.com