Users of Kronos and Ultimate Software—two of the largest HR technology vendors—may want to get in touch with their account representatives. (954) 331-7000 UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners. For more information visit www.jmi.com. Participants in the Solicitation
The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the holders of Ultimate Software common stock in respect of the proposed merger. Ultimate Software (Nasdaq: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today that Acadia Healthcare, a leader in behavioral health and addiction disorders, is using UltiPro to support the company’s acquisition-based growth while controlling costs. Goldman Sachs & Co. LLC acted as exclusive financial advisor to Ultimate Software, and Stroock & Stroock & Lavan LLP provided legal counsel. Leadership
Breaking News: Ultimate Software, Kronos Inc. merge. April 1st, 2020. This guide to recruitment and talent acquisition tells you all you need to know about building the workforce that will carry your organization into the future. The company’s customers include Subway and Red Roof Inn. Date: February 4, 2019 7:02 AM EDT Ultimate’s award-winning UltiPro delivers HR, payroll During Ultimate Software’s 2016 Connections Conference, Ryan Bergstrom, senior director of products, and Eric Edwards, product manager of talent acquisition solutions, shared three trends they’ve been noticing that recruiting The two companies have announced a … About Ultimate Software. PeopleDoc, as the name implies, built a very good business (over 1,000 customers) automating and streamlining all the HR-related documentation, paperwork, help, and various employment agreements companies need to … May 3, 2019, 7:20 AM PDT. Ian Campbell, CEO of Nucleus Research, based in Boston, said the Ultimate Software acquisition is "fantastic news" for customers. The company deeply understands the essence of human capital management, having itself been recognized with numerous best workplace awards from leading publications for its exceptional mission-driven culture,” said David Tunnell, partner at Hellman & Friedman. Acquisition search results. Cautionary Statements Regarding Forward-Looking Information
Certain statements contained in this communication may constitute “forward-looking statements.” These forward-looking statements may be identified by terms such as “plan to,” “designed to,” “allow,” “will,” “can,” “expect,” “estimates,” “believes,” “intends,” “may,” “continues,” “to be” or the negative of these terms, and similar expressions intended to identify forward-looking statements. The Ultimate Software Group’s largest acquisition to date was in 2018, when it acquired PeopleDoc for $300M. Ultimate will have the right to terminate the merger agreement to accept a superior proposal subject to the terms and conditions of the merger agreement. Advanced. Ultimate Software acquires Vestrics on 2016-05-20 for an undisclosed amount. 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 … Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs more than 5,100 professionals. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. Information about the directors and executive officers of Ultimate Software is set forth in the proxy statement for the Company’s 2018 annual meeting of stockholders, which was filed with the SEC on April 2, 2018, and in other documents filed by Ultimate Software with the SEC. 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. He said he believes it will improve the firm's technology investments and is not expecting a Ultimate Software today announced the successful completion of the acquisition of Ultimate by an investor group led by Hellman & Friedman. Vestrics acquired by Ultimate Software. 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. For more information on GIC, please visit www.gic.com.sg. Try Pro free Solutions. BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS OF ULTIMATE SOFTWARE ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. 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 (Nasdaq: ULTI), a leading global provider of human capital management (HCM) solutions in the cloud, today announced that it has entered into a definitive merger agreement to be acquired by an investor group led by Hellman & Friedman (“H&F”), a leading private equity investment firm, in an all-cash transaction for $331.50 per share in cash—representing an aggregate value of approximately $11 billion—after which Ultimate Software (“Ultimate”) will operate as a privately held company. Ultimate Software has built industry-leading human resources management software in the cloud. 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. Connect with Tina Perkins , Sr. The Ultimate Software Group’s largest acquisition to date was in 2018, when it acquired PeopleDoc for $300M.The Ultimate Software Group has acquired in 3 different US states, and 2 countries. & 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 people … Automate and manage all employee-related documents. The Ultimate Software Group has acquired 4 companies, including 3 in the last 5 years. No other suitors have come public yet. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC in respect of the proposed merger when they become available. Vestrics 2000 Ultimate Way, Our award-winning UltiPro delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. In order to build a diversified portfolio, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. For more information about CPPIB, please visit www.cppib.com or follow us on LinkedIn, Facebook or Twitter. The transaction is expected to close in the third quarter of 2018. 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 Hellman & Friedman
Hellman & Friedman is a leading private equity investment firm with offices in San Francisco, New York, and London. The 29-year-old human capital management company, which provides a suite of tools including payroll, benefits management and talent acquisition, has more than 5,000 customers in 160 countries, and delivered $1.1 billion in revenues in 2018, up from $940 million in 2017. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com. Ultimate Software is a leading global provider of cloud human capital management and employee experience solutions, with more than 51 million people records in the cloud. Investors and security holders will be able to obtain the documents (when available) free of charge at the SEC’s website, www.sec.gov, and the Company’s website, https://www.ultimatesoftware.com. No other suitors have come public yet. About Ultimate Software Ultimate is a leading provider of Earn 60+ HR credits with Ultimate's HCM Online Academy. Since all of our employees are given equity in Ultimate when they join us, as stockholders, this transaction will result in immediate financial upside for them. Ian Campbell, CEO of Nucleus Research, based in Boston, said the Ultimate Software acquisition is "fantastic news" for customers. Further information is available at www.blackstone.com. The two companies have announced a … 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. The Ultimate Software (ULTI) deal to be taken private was announced on February 4 and has a 50-day go-shop clause in it. In connection with the proposed merger, Ultimate Software will file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including the Company’s proxy statement on Schedule 14A (the “Proxy Statement”). Ultimate Software, which generated over $1.1bn in revenue last year, expects the deal to close in mid-2019. Products. Ultimate Software has recently announced that they have put forth their Letter of Intent (LOI) regarding the acquisition of PeopleDoc and its controlling shareholders. The company has been doing incredibly well on the stock market, consistently going up … LOWELL, Mass. You are cautioned not to unduly rely on these forward-looking statements, which speak only as of the date of this communication. 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. The acquisition was previously announced on February 4, 2019, and […] One comprehensive cloud solution that delivers business benefits for your organization. In the News
A human resource management system (HRMS), or core HR system for managing employee records, payroll and benefits, is usually the first HR technology installed at an organization. United States, The Ultimate Software (ULTI) deal to be taken private was announced on February 4 and has a 50-day go-shop clause in it. The acquisition frenzy in HR Tech continues with Friday’s announcement that the ATS vendor Ultimate Software has purchased Kanjayo based out of San Francisco. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. 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. The third deal I want to point out is one that my ERP friends are watching: Ultimate Software’s acquisition of PeopleDoc, a fast-growing employee experience platform. Ultimate delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. Ultimate Software was an American multinational technology company that developed and sold UltiPro, a cloud-based human capital management (HCM) software system for businesses. In private equity, GIC invests through funds as well as directly in companies, partnering with its fund managers and management teams to help world class businesses achieve their objectives. This merger is yet another sign of the consolidation now well […] & 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's fourth-quarter results showed how steady the company's growth has been. Under the terms of the agreement, all Ultimate stockholders of record will receive $331.50 in cash for each share of Ultimate’s common stock held upon the closing of the transaction. Public company Ultimate Software is acquiring French startup PeopleDoc for $300 million in cash and stock. Ultimate Software today announced the successful completion of the acquisition of Ultimate by an investor group led by Hellman & Friedman. Our decision was also made with the best interests of our 5,144 employees and our more than 5,600 customers at heart. The privately held company will be owned by an investor group led by Hellman & Friedman in partnership with significant investors Blackstone, GIC, and Canada Pension Plan Investment Board (CPPIB), and other investors including JMI Equity. Join Mergr and gain access to The Ultimate Software Group’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the internet software and services sector. In 2018, Fortune ranked Ultimate #3 on its prestigious 100 Best Companies to Work For list, our seventh consecutive year in the top 25; #1 on its 100 Best Workplaces for Women list; and #1 on its Best Workplaces for Millennials list, our second year at the top. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. 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