Ultimate Software Scheduled to Present May 12 at the Piper Jaffray 7th Annual Technology Conference WESTON, Fla., May 9 /PRNewswire-FirstCall/ -- Ultimate Software (NASDAQ:ULTI), a leading provider of Web-based payroll and workforce management solutions, announced today that Scott Scherr, chairman, president, and CEO, and Mitchell Dauerman, executive vice president and CFO, are scheduled to present at the Piper Jaffray Technology Conference on May 12, 2005, at 10:50 a.m. Eastern Time. The three-day event will be held at The New York Palace Hotel, 455 Madison Avenue, from May 11-13, 2005. Mr. Scherr and Mr. Dauerman's presentation will include a discussion of Ultimate Software's recurring revenue business, as well as an overview of the company's history and overall financial results. To schedule an appointment with Mr. Scherr and Mr. Dauerman or to obtain further details on Ultimate Software's participation at the conference, call (954) 331-7369. About Piper Jaffray Piper Jaffray & Co. is the chief operating subsidiary of Piper Jaffray Companies, a focused securities firm dedicated to delivering superior financial advice, investment products, and transaction execution within selected sectors of the financial services marketplace. The company operates through two primary revenue-generating segments: Capital Markets and Private Client Services. Piper Jaffray & Co. has served corporations, government, nonprofit entities, institutional investors, and the financial advisory needs of private individuals since 1895. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 104 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com/ . About Ultimate Software Ultimate Software, a leading provider of Web-based payroll and workforce management solutions, markets award-winning UltiPro as licensed software, as a hosted application through Intersourcing, and as a co-branded offering to Business Service Providers (BSPs) under the "Powered by UltiPro" brand. The Company employs approximately 465 professionals who are united in their commitment to developing trendsetting solutions and delivering quality service. Ultimate Software customers represent diverse industries and include such organizations as Benihana Restaurants, The Container Store, Elizabeth Arden, The Florida Marlins Baseball Team, The New York Yankees Baseball Team, Omni Hotels, Ruth's Chris Steak House, SkyWest Airlines, and Trammell Crow Residential. More information on Ultimate Software's products and services can be found at http://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. http://www.newscom.com/cgi-bin/prnh/20020327/ULTIMATELOGO http://photoarchive.ap.org/ DATASOURCE: The Ultimate Software Group, Inc. CONTACT: Mitchell Dauerman, Executive Vice President and CFO, Ultimate Software, +1-954-331-7369, or Web site: http://www.ultimatesoftware.com/ http://www.piperjaffray.com/

Copyright