| Business Summary | | Ultimate
Software
Group,
Inc.
designs,
markets,
implements
and
supports
technologically
advanced
cross-industry
human
resources
management
and
payroll
(HRMS/payroll)
software
solutions.
Ultimate
Software's
Web-based
solution,
UltiPro
Web,
includes
employee
administration,
manager
self-service,
employee
self-service,
and
benefits
enrollment
and
is
integrated
with
and
supported
by
a
back-office
client/server
solution
known
as
UltiPro
HRMS/Payroll.
UltiPro
Web
is
marketed
primarily
to
mid-sized
and
small
organizations,
those
with
under
15,000
employees,
but
scales
to
meet
the
needs
of
larger
organizations.
A
Web-based
self-service
solution,
UltiPro
Web
allows
customers
to
empower
their
entire
workforce
to
improve
communications
and
efficiencies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ultimate
Software
is
a
provider
of
integrated
Web-based
payroll
and
employee
management
solutions
designed
to
increase
efficiency
and
strategic
business
performance.
For
the
six
months
ended
6/30/01,
revenues
decreased
7%
to
$30.2
million.
Net
loss
totalled
$1
million,
vs.
net
income
of
$388
thousand.
Results
suffered
from
a
decrease
in
license
revenues.
Net
losses
also
suffered
from
an
increase
in
cost
of
service
revenues. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Scott Scherr, 49 Chairman,
Pres and CEO | $283K | Marc Scherr, 43 Vice
Chairman | 278K | Mitchell Dauerman, 44 CFO,
Exec. VP, Treasurer | 274K | James Alu, 56 COO,
Exec. VP | 263K | Alan Goldstein, M.D., 50 Exec.
VP, CTO | 263K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|