SUBWAY® World Headquarters Selects Ultimate Software’s UltiPro® for Human Capital Management

Ultimate Software (Nasdaq:ULTI), a leading provider of end-to-end strategic human resources, payroll, and talent management solutions, announced today that Franchise World Headquarters, LLC, the service organization for the SUBWAY^® restaurant franchise system, selected Ultimate’s unified human capital management solution, UltiPro, in December 2009 — including human resources, payroll, recruitment, onboarding, time and attendance, and performance management for its employees.

"UltiPro is the most complete solution we found and the only one that could meet all of our needs,” said Darren Oliver, business process analyst for Franchise World Headquarters. "UltiPro is extremely configurable and can address nearly all of our needs without costly customizations. In fact, during our evaluation, we identified 26 manual processes that can be automated out-of–the-box. We’re also very excited to unify talent management, HR, and payroll across our company with UltiPro.”

SUBWAY^®’s headquarters has been using a payroll service bureau for its U.S.-based payroll processes along with in-house databases and spreadsheets to store and manage HR data. By centralizing all of its human capital data in one master system-of-record with UltiPro, SUBWAY^®’s headquarters will be able to reduce errors, eliminate duplicate entry, enhance business intelligence reporting, decrease paper-based processes, and reduce overall spending on HCM systems. The company is also looking forward to the convenience of Ultimate’s secure Software-as-a-Service (SaaS) delivery model for UltiPro. With UltiPro through SaaS, SUBWAY^®’s headquarters won’t need any additional IT resources or infrastructure to support its HCM solution.

"We were very impressed with Ultimate’s security and its Safe Harbor compliance. Ultimate Software can devote significantly more resources to support its solution than we could if we managed the solution on-premise,” said Oliver. "UltiPro will also free our IT resources for other projects, and because it’s available on a predictable per-employee-per-month basis, Ultimate’s SaaS will enable us to accurately budget for our ongoing HRIS-related expenses.”

"We’re looking forward to helping SUBWAY^®’s headquarters unify its strategic and transactional HR processes for optimal efficiencies and workforce performance,” said Greg Swick, chief sales officer for Ultimate. "We are very excited this organization has joined our growing family of hospitality and restaurant customers, including International Dairy Queen, Texas Roadhouse, and AFC Enterprises, the owner and operator of Popeyes Chicken & Biscuits.”

About SUBWAY^® Restaurants

The SUBWAY^® restaurant chain is the world’s largest submarine sandwich franchise, with more than 32,200 locations in 90 countries. Headquartered in Milford, Connecticut, and with regional offices in Amsterdam, Beirut, Brisbane, Miami, and Singapore, the SUBWAY^® chain was co-founded by Fred DeLuca and Dr. Peter Buck in 1965. The SUBWAY^® brand was ranked the number one Franchise Opportunity and the number one Global Franchise Opportunity in the 2010 edition of Entrepreneur magazine’s "Annual Franchise 500^®” survey, an honor that the SUBWAY^® chain has received 17

times in the past 23 years. For more information about the SUBWAY^® restaurant chain, please visit www.subway.com. SUBWAY^® is a registered trademark of Franchise World Headquarters.

About Ultimate Software

A leading provider of end-to-end strategic human resources, payroll, and talent management solutions, Ultimate markets its award-winning UltiPro products as on-demand services through Software-as-a-Service (SaaS) and as on-premise software. Based in Weston, FL, the Company employs approximately 1,000 professionals who are focused on developing the highest quality products and services. In 2009, Ultimate was awarded first place in the People’s Choice Stevie® competition for Favorite New SaaS Product and was ranked the #1 best medium-sized company to work for in America by the Great Place to Work® Institute for the second consecutive year. In 2008, Ultimate was the first HR/payroll SaaS provider to be audited and awarded the ISO/IEC 27001:2005 Certification for security management and was recognized for having the #1 "Best Product Development Team” in the nation by the American Business Awards. Ultimate has more than 1,900 customers representing diverse industries, including such organizations as The Container Store, Elizabeth Arden, Major League Baseball, The New York Yankees Baseball Team, Nintendo of America, Ruth’s Chris Steak House, and Sony Music Entertainment. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com.

UltiPro and Intersourcing are registered trademarks of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.

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