<s>
Ultimate	B-General_Concept
Software	I-General_Concept
was	O
an	O
American	O
multinational	O
technology	O
company	O
that	O
developed	O
and	O
sold	O
UltiPro	O
,	O
a	O
cloud-based	B-Architecture
human	O
capital	O
management	O
(	O
HCM	O
)	O
software	O
system	O
for	O
businesses	O
.	O
</s>
<s>
As	O
of	O
the	O
fourth	O
quarter	O
in	O
2017	O
,	O
Ultimate	B-General_Concept
Software	I-General_Concept
reported	O
total	O
revenues	O
of	O
over	O
$940.7	O
million	O
.	O
</s>
<s>
On	O
February	O
4	O
,	O
2019	O
,	O
Hellman	O
&	O
Friedman	O
Capital	O
Partners	O
announced	O
it	O
would	O
purchase	O
Ultimate	B-General_Concept
Software	I-General_Concept
Group	O
for	O
$11	O
billion	O
;	O
the	O
purchase	O
closed	O
on	O
May	O
3	O
,	O
2019	O
.	O
</s>
<s>
On	O
18	O
February	O
2020	O
,	O
Ultimate	B-General_Concept
Software	I-General_Concept
announced	O
that	O
Fortune	O
and	O
Great	O
Place	O
to	O
Work	O
ranked	O
the	O
company	O
#2	O
on	O
the	O
100	O
Best	O
Companies	O
to	O
Work	O
For	O
list	O
for	O
2020	O
.	O
</s>
<s>
In	O
February	O
2020	O
,	O
Ultimate	B-General_Concept
Software	I-General_Concept
announced	O
its	O
plan	O
to	O
merge	O
with	O
Kronos	B-Application
Incorporated	I-Application
to	O
form	O
a	O
new	O
cloud	O
computing	O
venture	O
specializing	O
in	O
human	O
resource	O
software	O
.	O
</s>
<s>
The	O
new	O
company	O
,	O
which	O
is	O
called	O
Ultimate	B-General_Concept
Kronos	I-General_Concept
Group	I-General_Concept
,	O
is	O
headed	O
by	O
Kronos	B-Application
CEO	O
Aron	O
Ain	O
.	O
</s>
<s>
Ultimate	B-General_Concept
Software	I-General_Concept
was	O
founded	O
in	O
1990	O
by	O
Scott	O
Scherr	O
.	O
</s>
<s>
In	O
2002	O
,	O
UltiPro	O
was	O
reintroduced	O
as	O
a	O
cloud-based	O
Software-as-a-Service	O
(	O
SaaS	B-Architecture
)	O
to	O
provide	O
a	O
unified	O
management	O
tool	O
for	O
human	O
resources	O
.	O
</s>
<s>
The	O
company	O
's	O
UltiPro	O
is	O
a	O
cloud-based	B-Architecture
platform	O
that	O
delivers	O
human	O
capital	O
management	O
to	O
organizations	O
across	O
all	O
industries	O
.	O
</s>
<s>
According	O
to	O
TrustRadius	O
,	O
UltiPro	O
now	O
includes	O
time	O
and	O
attendance	O
,	O
employee	O
onboarding	O
,	O
performance	O
management	O
,	O
compensation	O
management	O
,	O
succession	O
management	O
,	O
recruiting	O
,	O
and	O
other	O
features	O
like	O
predictive	B-General_Concept
analytics	I-General_Concept
.	O
</s>
<s>
UltiPro	O
is	O
sold	O
via	O
a	O
SaaS	B-Architecture
model	O
,	O
with	O
a	O
per-employee-per-month	O
subscription	O
.	O
</s>
