Nationwide(R) Signs Business Service Provider Agreement With Ultimate Software

WESTON, Fla., Feb. 8 /PRNewswire-FirstCall/ — Nationwide Mutual Insurance Company, one of the largest diversified insurance and financial services organizations in the world, has signed a business service provider agreement with The Ultimate Software Group, Inc. (Nasdaq: ULTI – News), a leading provider of Web-based payroll and workforce management solutions. The agreement, signed in December of 2004, grants Nationwide a non-exclusive license to use Ultimate Software’s UltiPro Workforce Management solution as a stand-alone or integrated offering for Nationwide customers.

Nationwide’s Strategic Investments team spent more than 6 months evaluating the human resource and payroll space and determined that UltiPro has the functionality and Internet-based technology to meet its customers’ needs. Ultimate Software will host the solution for Nationwide and will work closely with Nationwide to set up its integration environment, pilot program, and call center.

“We are pleased with the capabilities of UltiPro and look forward to building this partnership with Ultimate Software,” said Rubesh Jacobs, Office, Strategic Investments, Nationwide. “We anticipate the services of their workforce management solution will meet the needs of Nationwide’s growing business.”

“Nationwide’s Strategic Investments team is an experienced, talented group, and we’re very pleased that they selected UltiPro as the infrastructure solution for its human resources and payroll offering,” said Marc Scherr, vice chairman and chief operating officer of Ultimate Software. “We’re looking forward to working with them to deliver a high-quality solution that is easy to use and comprehensive.”

About Nationwide(R)

Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $148 billion in assets. Nationwide ranks 118th on the Fortune 500 list. The company provides a full range of insurance and financial services, including auto, homeowners, life, health, commercial insurance, administrative services, annuities, mutual funds, pensions and long-term savings plans. The Nationwide companies include the country’s seventh-largest property/casualty, the fourth- largest homeowners and the sixth-largest auto insurance group. Nationwide Life Insurance Company, the major subsidiary of Nationwide Financial, ranks 11th in assets according to A.M. Best. For more information, visit http://www.nationwide.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 450 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 is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.

Posted February 17, 2005 in Enabling Technology

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