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TheStreet Open House

Ultimate Software Ranks In Top 100 On The 2012 InformationWeek 500 List

Ultimate Software (Nasdaq: ULTI), a leading cloud provider of people management solutions, today announced that it ranked among the top 100 on this year’s InformationWeek 500 — a list of the top technology innovators in the U.S.

The annual list was revealed last night at a gala awards ceremony at the InformationWeek 500 Conference, which took place at the St. Regis Monarch Beach Resort in Dana Point, CA. This was Ultimate’s first year applying for and being named to the exclusive list.

InformationWeek identifies and honors the most innovative users of information technology in the U.S. with its annual 500 listing as well as tracks the technology, strategies, investments, and administrative practices of America’s best-known companies. Past companies ranked in the Top 100 have included FedEx, Intuit, Marriott International, Monster Worldwide, Dell, Verizon Wireless, Coca-Cola Enterprises, Salesforce.com, and Google. The InformationWeek 500 ranking is unique among corporate rankings as it spotlights the power of innovation in information technology rather than simply identifying the biggest IT spenders.

“To be successful in today’s technology climate, we must constantly innovate,” said Adam Rogers, senior vice president and chief technology officer at Ultimate Software. “We work very hard to continually reinvent ourselves and introduce leading-edge technology innovation into our strategy, products, and services , so we are extremely honored to receive this validation and recognition of our efforts from InformationWeek.”

One of the successes featured in Ultimate Software’s submission was a unique technology initiative called “48 Hours,” which is based on sharing concepts within a collaborative environment and facilitating the emergence of new innovation within a specific period of time. Employees, working as teams or as individuals, have two full days to develop an idea of their choice without restrictions, and then present them in a showcase that is open to all Ultimate employees. Participants then vote on their favorite concept. Many ideas that have grown from the 48 Hours initiative either have been implemented directly or have inspired other successful ideas.

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