Ultimate Software to Present at the Maxim Group Growth Conference

Ultimate Software (Nasdaq:ULTI), a leading provider of end-to-end strategic human resources, payroll, and talent management solutions, announced today that Scott Scherr, president, CEO, and founder, and Mitchell Dauerman, executive vice president and CFO, will present at the Maxim Group Growth Conference on Thursday, September 20, 2007 at 3:30 p.m. Eastern time. The conference will take place at the Grand Hyatt New York Hotel in New York City. Mr. Scherr and Mr. Dauerman will discuss Ultimate Software’s recurring revenue business, as well as an overview of the company’s history and overall financial results. A live audio webcast of the presentation can be accessed at: http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=ULTI&item_id= 1637383 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) The Maxim Group Growth Conference will feature interactive presentations from over 70 companies, as well as one-on-one meetings with executives from the Healthcare, Technology, and Special Situations sectors. Attendees will include securities analysts, fund managers and institutional investors. To schedule an appointment with Mr. Scherr and Mr. Dauerman or to obtain further details on Ultimate Software’s participation at other conferences, call 954-331-7369. About Maxim Group Maxim Group is a leading investment banking, securities and investment management firm. The Firm provides an array of financial services including: investment banking, equity research, private wealth management, structured products, and global institutional equity, fixed-income and derivative sales and trading to a diverse range of corporate clients, institutional investors and high net worth individuals. Maxim Group is registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: National Association of Securities Dealers (NASD); Municipal Securities Rulemaking Board (MSRB); Securities Insurance Protection Corporation (SIPC); International Securities Exchange (ISE); Nasdaq Stock Market; and NYSE Arca, Inc. For additional information, please visit http://www.maximgrp.com. 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 on-demand services through its software-as-a-service offering, Intersourcing, and as licensed software. Based in Weston, FL, Ultimate Software employs more than 700 professionals who are focused on developing the highest quality products and services. Ultimate Software’s IT team won a first-place award for its management of Intersourcing, from the American Business Awards in 2007, and its customer service team won two first-place awards for service excellence in 2006, one from the Service & Support Professionals Association and another from the American Business Awards. Ultimate Software was named a "Leader” in Forrester Research Inc.’s 2006 U.S. Midmarket HR solutions Wave ranking and ranked #3 on the 2006 and 2007 lists of the Best Medium-Sized Companies to Work For in America by the Great Place to Work Institute. 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.