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ultimate software acquisition

During its two-decade run on public markets, Ultimate rose 33-fold and grew into a … Further information is available at www.blackstone.com. Try Pro free Solutions. One comprehensive cloud solution that delivers business benefits for your organization. Connect with Tina Perkins , Sr. 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. Follow Blackstone on twitter @Blackstone. Users of Kronos and Ultimate Software—two of the largest HR technology vendors—may want to get in touch with their account representatives. 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. 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. Media Contact & 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 … 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. Now that a couple of weeks have passed, what else Ian Campbell, CEO of Nucleus Research, based in Boston, said the Ultimate Software acquisition is "fantastic news" for customers. About Blackstone Blackstone is one of the world’s leading investment firms. 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 Company’s most targeted sectors include information technology (50%) … “Our customers will benefit from our ability to bring new features and services to market more quickly, while still enjoying the same high level of service they have with Ultimate today, or better, with new innovations to our offerings. 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. Florida-based Ultimate Software was founded in 1990 and is the second-fastest growing provider in its sector. 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. About GIC GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. 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. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs more than 5,100 professionals. Its existing leadership will stay in place once the acquisition has gone through. About Hellman & Friedman Hellman & Friedman is a leading private equity investment firm with offices in San Francisco, New York, and London. The two companies have announced a … Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labor management, as well as HR service delivery solutions. Ultimate Software has entered into an agreement to be acquired by an investment group for $11 billion. Ultimate Software was an American multinational technology company that developed and sold UltiPro, a cloud-based human capital management (HCM) software system for businesses. Ultimate Software's fourth-quarter results showed how steady the company's growth has been. Now that a couple of weeks have passed, what else should we be looking at? 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. 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. 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 … Ultimate will be repackaging their product as “UltiPro Perception“. In February, Ultimate Software was sold to Hellman & Friedman for $11 billion, or $331.50 a share. Vestrics countries. Pricing. There can be no assurance that this 50-day “go-shop” will result in a superior proposal, and Ultimate does not intend to disclose developments with respect to the solicitation process unless and until the Board of Directors makes a determination requiring further disclosure. Hellman & Friedman is in full alignment with our vision to serve the global HR market, while preserving our unique company culture and mission,” said Scherr. 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. 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 1992, JMI has invested in over 140 businesses in its target markets, successfully completed over 90 exits and raised more than $4 billion of committed capital. The Ultimate Software Group, Inc. is a provider of cloud-based human capital management (HCM) solutions. Hellman & Freidman are leading the buyout, which is set to be completed in the second half of 2019. Ian Campbell, CEO of Nucleus Research, based in Boston, said the Ultimate Software acquisition is "fantastic news" for customers. April 1st, 2020. 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. Headquartered in Singapore, GIC employs over 1,500 people across 10 offices in key financial cities worldwide. Ultimate Software's fourth-quarter results showed how steady the company's growth has been. Breaking News: Ultimate Software, Kronos Inc. merge. Multimedia Center In the News He said he believes it will improve the firm's technology investments and is not expecting a private equity takeover that results in major cutbacks. Ultimate Software has recently announced that they have put forth their Letter of Intent (LOI) regarding the acquisition of PeopleDoc and its controlling shareholders. Top content on 2019, Talent Acquisition and Ultimate Software as selected by the Human Resources Today community. 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. 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. For more information visit www.jmi.com. 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. Resources. 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. No other suitors have come public yet. Follow Ultimate Software LinkedIn: https://ulti.pro/LinkedIn Twitter: www.twitter.com/UltimateHCM Facebook: http://www.facebook.com/UltimateSoftware, Newsroom In addition, the documents (when available) may be obtained free of charge by directing a request to Mitch Dauerman by email at mitch_dauerman@ultimatesoftware.com or by calling 954-331-7069. The Ultimate Software Group’s largest acquisition to date was in 2018, when it acquired PeopleDoc for $300M. Breaking News: Ultimate Software, Kronos Inc. merge 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 Ultimate Software pense que l’acquisition aura lieu durant le 3e trimestre 2018. 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 will have the right to terminate the merger agreement to accept a superior proposal subject to the terms and conditions of the merger agreement. 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. Organizations can choose from a wide variety of recruiting and talent acquisition software. Finally, Ultimate Software is spending around $175 million in stock for the rest of the acquisition. The Ultimate Software Group was founded in 1990 and is based in Weston, Florida. Ultimate is committed to putting people first, always. 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. Ultimate Software is a leading global provider of cloud-based human capital management and employee experience solutions, with more than 48 … Weston, Florida 33326 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. Ultimate Software, which generated over $1.1bn in revenue last year, expects the deal to close in mid-2019. 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. 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. Ultimate Software Group said it agreed to be acquired by an investor group led by Hellman & Friedman Capital Partners in a deal valued at about $11 billion. 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. UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners. 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