{"id":1762,"date":"2019-02-08T12:03:42","date_gmt":"2019-02-08T12:03:42","guid":{"rendered":"https:\/\/ejobsitesoftware.com\/blog\/?p=1762"},"modified":"2019-02-08T12:03:51","modified_gmt":"2019-02-08T12:03:51","slug":"cloud-based-hrm-software-company-ultimate-acquired-in-11-bn-deal","status":"publish","type":"post","link":"https:\/\/ejobsitesoftware.com\/blog\/cloud-based-hrm-software-company-ultimate-acquired-in-11-bn-deal\/","title":{"rendered":"Cloud-based HRM software company Ultimate acquired in $11 Bn deal"},"content":{"rendered":"\n<p>Ultimate Software, which creates a cloud-based human resources management software has been acquired by Hellman &amp; Friedman Capital Partners in an $11 Bn deal.<\/p>\n\n\n\n<p>Florid-based HRM software company, Ultimate Software, was founded in 1990 by Scott Scherr. He will continue in his existing role along with the rest of the senior management team. The company helps in managing employee relationships from the time of recruitment to their retirement.<\/p>\n\n\n\n<p>The cash deal will enable the HRM software company to invest in innovative products and services and also reward deserving employees.<\/p>\n\n\n\n<p>According to Scherr, this change will translate into long-term and short-term benefits for about 5,144 employees of Ultimate.<\/p>\n\n\n\n<p>\u201cSince 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,\u201d said Scherr in a company statement.<\/p>\n\n\n\n<p>Read More:<br \/> <a href=\"https:\/\/www.peoplematters.in\/news\/mergers-acquisitions\/cloud-based-hrm-software-company-ultimate-acquired-in-an-11-bn-deal-20740\">https:\/\/www.peoplematters.in\/news\/mergers-acquisitions\/cloud-based-hrm-software-company-ultimate-acquired-in-an-11-bn-deal-20740<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ultimate Software, which creates a cloud-based human resources management software has been acquired by Hellman &amp; Friedman Capital Partners in an $11 Bn deal. Florid-based HRM software company, Ultimate Software, was founded in 1990 by Scott Scherr. He will continue in his existing role along with the rest of the senior management team. The company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[66],"tags":[569],"class_list":["post-1762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hr-2","tag-ultimate-software"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2019\/02\/ultimate-software.png?fit=225%2C225&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p4vlXG-sq","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1019,"url":"https:\/\/ejobsitesoftware.com\/blog\/online-recruitment-software-market-research-report\/","url_meta":{"origin":1762,"position":0},"title":"Online Recruitment Software Market &#8211; Research Report","author":"admin","date":"February 23, 2018","format":false,"excerpt":"Research Report Online recruitment software provides integral recruitment solution to streamline recruitment processes, which include contact management, resume management, mobile recruitment, reporting & analytics, and workflow management. Various industry key players such as SAP SE, Sum Total Systems, Ultimate Software, and Talentsoft offer solutions to manage the entire recruitment lifecycle\u2026","rel":"","context":"In &quot;HR&quot;","block_context":{"text":"HR","link":"https:\/\/ejobsitesoftware.com\/blog\/category\/hr-2\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3367,"url":"https:\/\/ejobsitesoftware.com\/blog\/the-ultimate-guide-to-staffing-building-a-high-performing-workforce\/","url_meta":{"origin":1762,"position":1},"title":"The Ultimate Guide to Staffing: Building a High-Performing Workforce","author":"admin","date":"January 31, 2025","format":false,"excerpt":"Introduction: The Key to Business Success Lies in the Right People Picture this: A restaurant launches with an incredible menu, great ambiance, and a promising location. However, within months, customer complaints start piling up\u2014slow service, incorrect orders, and disengaged staff. The problem? 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An effec\u00adtive per\u00adfor\u00admance man\u00adage\u00adment sys\u00adtem requires com\u00admit\u00adment and ded\u00adi\u00adca\u00adtion from the human resources depart\u00adment, man\u00adagers and employ\u00adees which with a larger\u2026","rel":"","context":"In &quot;HR&quot;","block_context":{"text":"HR","link":"https:\/\/ejobsitesoftware.com\/blog\/category\/hr-2\/"},"img":{"alt_text":"jobs","src":"https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2019\/01\/jobs.jpg?fit=1000%2C465&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2019\/01\/jobs.jpg?fit=1000%2C465&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2019\/01\/jobs.jpg?fit=1000%2C465&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2019\/01\/jobs.jpg?fit=1000%2C465&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3363,"url":"https:\/\/ejobsitesoftware.com\/blog\/the-ultimate-guide-to-recruitment-finding-the-right-talent-for-business-success\/","url_meta":{"origin":1762,"position":5},"title":"The Ultimate Guide to Recruitment: Finding the Right Talent for Business Success","author":"admin","date":"January 31, 2025","format":false,"excerpt":"Introduction: Why Recruitment is the Backbone of Business Growth Imagine this: You\u2019re launching a new project that could revolutionize your industry. 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