Ultimate Software Ranked #8 on List of 100 Most Innovative Growth Companies

June 23, 2016

Ultimate Software

Ultimate Software (Nasdaq: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today that it has been ranked #8 on Forbes magazine’s 2016 list of the “Most Innovative Growth Companies.” Companies are ranked by their Innovation Premium—the difference between their market capitalization and the net present value (NPV) of cash flows from existing businesses. Forbes’ method relies on investors’ ability to identify firms they expect to be innovative now and in the future. To be included, firms needed seven years of public financial data and between $2–10 billion in market cap.

“For more than 25 years, Ultimate has delivered innovative, industry-leading HCM technology, driven by a ‘People First’ culture that fuels new ideas and continuous evolution,” said Scott Scherr, CEO, president, and founder of Ultimate. “We are honored to rank so highly for the third consecutive year on Forbes’ prestigious list. We remain focused on innovation and growth, consistently investing approximately 20% of our annual revenue in research and development and are committed to creating a culture that encourages new ideas.”

Forbes Innovation Premium calculation first projects the cash flows a company produces from its existing business without any growth and looks at the NPV of those cash flows. Forbes compares this base value of the existing business with the company’s current total Enterprise Value (EV). Companies with an EV above their base value have an innovation premium built into their stock price.

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To learn more about HRchitect and how we can help your organization and your Human Capital Management (HCM) technology needs, please request a consultation. As the leader in HCM Systems strategic consulting, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation and selection, change management, implementation, project management and ongoing support of HCM systems of all types including Talent Acquisition, Talent Management, Learning Management, Workforce Management, Benefits, Core HR/Payroll, and more. Over the past two decades, working on thousands of successful engagements for clients of all sizes and industries across the globe, our experience is vast and unsurpassed. We have expertise around all major HCM systems including BenefitFocus, WorkForce Software, Ultimate Software, Oracle, Taleo, Saba, IBM Kenexa, SumTotal Systems, SAP, SuccessFactors, Lumesse, PeopleFluent, Cornerstone OnDemand, Infor, and more. HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

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