We do this by using extraordinary people and flexible capital to help companies solve problems. The Company’s most targeted sectors include information technology (50%) and internet software and services (25%). Ian Campbell, CEO of Nucleus Research, based in Boston, said the Ultimate Software acquisition is "fantastic news" for customers. Once the merger between the Kronos and Ultimate Software closes, the combined company will have revenues of $3bn with more than 12,000 employees … About Ultimate Software Ultimate is a leading provider of cloud-based human capital management solutions, with more than 40 million people records in the Ultimate cloud. April 1st, 2020. Headquartered in Weston, Florida, the company was founded in 1990 by Scott Scherr, and released its first version of software in 1993. Unless required by law, Ultimate Software undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this communication or to report the occurrence of unanticipated events. Organizations can choose from a wide variety of recruiting and talent acquisition software. Ultimate Software acquires Vestrics on 2016-05-20 for an undisclosed amount. Vestrics Advanced. Scherr and his senior management team will stay in their positions following the acquisition. The Ultimate Software acquisition, which is not expected to close until mid-2019 and is subject to stockholder approval, gives the private equity firm a significant chunk of the human capital management market. At September 30, 2018, the CPP Fund totalled C$368.3 billion. For more information on GIC, please visit www.gic.com.sg. Get Verified Email Id, Phone Number for United States Companies and Executives Database. Global Human Capital Management (HCM) & Payroll Market: Introduction Publication of a new analytical documentation including clear synopsis of ongoing market developments governing Global Human Capital Management (HCM) & Payroll Market t has been accomplished, enabling rapid diversification of report repository.The report is mindfully designed to present a holistic overview of … This change will bring meaningful benefits to our employees and customers—both in the long and short terms. Employee engagement surveys with artificial intelligence (AI). Ultimate Software and Kronos Inc. are merging in a deal creating a big new player in workplace-software products. Ultimate is committed to putting people first, always. The transaction is expected to close in the third quarter of 2018. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. Awards This communication is not a substitute for the Proxy Statement or any other document that Ultimate Software may file with the SEC or send to its stockholders in connection with the proposed merger. Ultimate Software has built industry-leading human resources management software in the cloud. Vestrics acquired by Ultimate Software. Hellman & Friedman (H&F) bought out Kronos in 2007. Products. (954) 331-7000 The Ultimate Software Group, Inc. is a provider of cloud-based human capital management (HCM) solutions. 4 UKG (Ultimate Kronos Group) Talent Acquisition Coordinator interview questions and 3 interview reviews. Ultimate’s award-winning UltiPro delivers HR, payroll Kronos Incorporated and Ultimate Software have completed their planned merger as announced on Feb. 20, creating the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their people more effectively with an unparalleled combination of cloud solutions. Ultimate Software will reasonably accommodate employees with disabilities as defined by the Rehabilitation Act of 1973, the Americans with Disabilities Act (ADA) and other appropriate statutes. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs more than 5,100 professionals. “We look forward to building on Ultimate’s successes, working along with our investment partners: Blackstone, GIC, CPPIB, and JMI Equity.” Martin Brand, senior managing director at Blackstone, added, “We are excited to partner with Ultimate and this investor group to support the strong growth and culture of this exceptional company.” The transaction is expected to close in mid-2019, subject to stockholder approval and other customary closing conditions including regulatory approvals. Ultimate Software, which generated over $1.1bn in revenue last year, expects the deal to close in mid-2019. The Ultimate Software (ULTI) deal to be taken private was announced on February 4 and has a 50-day go-shop clause in it. Today’s announcement will also allow us to make additional, prudent investments in our products and services to better serve our customers,” said Scott Scherr, CEO, president, and founder of Ultimate. Ultimate Software Group Inc, a cloud-based human resources applications developer, said on Monday it agreed to be bought by an investor group led by private equity firm Hellman & … About Ultimate Software. Our asset management businesses, with $472 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Ultimate Software Announces Agreement to be Acquired by an Investor Group Led by Hellman & Friedman to Operate as a Privately Held Company Ultimate Software Stockholders to Receive $331.50 Per Share in Cash; Ultimate to Continue Driving HCM Innovations Under Private Ownership. & WESTON, Fla Kronos Incorporated and Ultimate Software today announced that they have completed their planned merger as announced on Feb. 20, creating the world’s most innovative human capital management (HCM) and workforce management company to help organizations across all industries manage their … Ultimate Software, a technology company in Weston, Florida, was acquired for $11 billion by an investor group led by San Francisco-based private equity firm Hellman & Friedman. In February, Ultimate Software was sold to Hellman & Friedman for $11 billion, or $331.50 a share. About Canada Pension Plan Investment Board Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits in the best interests of 20 million contributors and beneficiaries. This price represents a premium of approximately 32% over Ultimate’s volume-weighted average price during the 30 trading days ending February 1, 2019, and a premium to Ultimate’s all-time high closing share price. The Weston, Florida-based HR software firm Ultimate Software made major headlines this February when San Francisco private equity firm Hellman & Friedman scooped it up for $11 billion. Ultimate Software, a technology company in Weston, Florida, was acquired for $11 billion by an investor group led by San Francisco-based private equity firm Hellman & … You are cautioned not to unduly rely on these forward-looking statements, which speak only as of the date of this communication. Resources. Ultimate Software Enters into Binding Letter of Intent to Acquire PeopleDoc for HR Service Delivery July 17, 2018—Ultimate Software (Nasdaq: ULTI), a leading provider of human capital management (HCM) solutions, announced today that it has entered into a binding Letter of Intent (LOI) with the controlling shareholders of PeopleDoc with respect to the acquisition of PeopleDoc by … Ultimate’s Board of Directors has unanimously approved this transaction and recommended that stockholders vote in favor of the transaction. Earn 60+ HR credits with Ultimate's HCM Online Academy. Ultimate Software's fourth-quarter results showed how steady the company's growth has been.