# The Ultimate Software Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-ultimate-software-group

- Industry: Software
- Headquarters: Weston, US
- Website: www.ultimatesoftware.com
- Total disclosed funding: $13M
- Latest round: Series B (Jun 1, 1997)
- Investors on record: 2

## About

Founded in 1990 and based in Florida, US, The Ultimate Software Group, Inc. operates as a software developer creating solutions for human capital management. In February 2019, an investor group led by Hellman & Friedman, along with Blackstone Group, CPP Investment Board, GIC, and JMI Equity agreed to acquire full ownership of The Ultimate Software Group, Inc for USD 11 billion in cash.

The Ultimate Software Group, Inc. develops UltiPro software platform that provides services including benefits management, HR workforce technology, payroll tracking, and employee satisfaction feedback. The software also provides services including talent acquisition and onboarding, performance management, salary planning, budgeting, succession management, and reporting.

## Funding rounds

- Series B, Jun 1, 1997, $8M — HarbourVest Partners
- Series A, Apr 1, 1996, $5M — JP Morgan Asset Management

## Investors

- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series A
- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series B