Ultimate Software is an American technology company that develops and sells UltiPro, a cloud-based human capital management (HCM) solution for businesses. Headquartered in Weston, Florida, the company was founded in 1990 by current president and CEO, Scott Scherr, and released its first version of software in 1993. As of December 31, 2014, Ultimate Software reported total revenues of nearly $506 million. As of 2016, the company employs more than 3,300 people and services 3,400 customers in 160 countries. Ultimate has offices around the USA, Canada, UK, and Singapore. Ultimate Software was founded by Scott Scherr, the company’s current CEO and president in 1990. In 1993, the tech company released UltiPro HRMS/ payroll sold as on-premises software servicing core HR and payroll. The company went public (NASDAQ: ULTI) in June 1998. In 2002, UltiPro was reintroduced as a cloud-based Software-as-a-Service (SaaS) to provide a unified solution to human resources. This model has allowed the company to hold more than 30 million client records in the cloud and service more than 3,400 customers, according to Career Builder. The company announced they were expanding outside of the United States and opened an office in London, England. Later that year, Ultimate announced additional expansions into Singapore.