Ultimate Software Completes Agreement to be Acquired by an Investor Group Led by Hellman & Friedman to Operate as a Privately Held Company WESTON, Fla., May 3, 2019-- Ultimate Software (“Ultimate”), a leading global provider of human capital management (HCM) and employee experience solutions in the cloud, today announced the successful completion of the acquisition of Ultimate by an investor group led by Hellman & Friedman (“H&F”), a leading private equity investment firm. The acquisition was previously announced on February 4, 2019, and closed and became effective today.