Ultimate Software to Acquire PeopleDoc for $300M

Ultimate Software (Nasdaq: ULTI), the provider of human capital management (HCM) solutions, announced today that it has entered into a binding Letter of Intent (LOI) with PeopleDoc and its controlling shareholders with respect to the acquisition of PeopleDoc by Ultimate Software. PeopleDoc—a pioneer in HR Service Delivery—is based in Paris, France. The addition of the PeopleDoc HR Service Delivery platform will further Ultimate’s mission to improve the employee experience by offering new, person-centric features, such as an online employee help center, HR case management, and employee file management.