Insight to North America’s HCM Software Market
The former VP and manager explained the logic behind Ultimate Software announcing that it would return to being a private company, as well as its strengths and weaknesses as an HCM company. The specialist also discussed the business’s competitors and how Ultimate Software would fare in the coming years against them, including whether mid and low-end market players could take market share away from the company.
Although the specialist commended Ultimate Software’s position in the North American market, he suggested that the PeopleDoc acquisition by Ultimate could offer the company a stronger global presence. He explained that this could help Ultimate Software market the Kanjoya or Perception products globally. The specialist detailed other potential acquisition avenues that Ultimate Software could pursue, with a focus on learning management systems, time solution software, and international expansion.
The specialist also outlined what he considered the best and worst scenarios for Ultimate Software, stating that although the company’s track record for security management had been strong, a breach would be “absolutely devastating to them.”
To access all the human insights from Third Bridge’s HCM Software Market Interview, click below to view the full transcript.
The information used in compiling this document has been obtained by Third Bridge from experts participating in Forum Interviews. Third Bridge does not warrant the accuracy of the information and has not independently verified it. It should not be regarded as a trade recommendation or form the basis of any investment decision.
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