{
 "company": "ultimate-software",
 "as_of": "2026-10-07",
 "choices": [
  {
   "id": "ultimate-software-p01",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "Hosting",
   "statement": "Ultimate introduced Intersourcing as a hosted delivery option.",
   "event_date": "2002",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US6"
   ]
  },
  {
   "id": "ultimate-software-p02",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "Infrastructure",
   "statement": "The hosted service used BellSouth facilities.",
   "event_date": "2004",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US6"
   ]
  },
  {
   "id": "ultimate-software-p03",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "Customer burden",
   "statement": "Intersourcing removed customer responsibility for server hardware and related system maintenance.",
   "event_date": "2004",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US6"
   ]
  },
  {
   "id": "ultimate-software-g01",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Sales transition",
   "statement": "Hosted contracts represented 65% of new units sold in the first quarter of 2004.",
   "event_date": "2004",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US6"
   ]
  },
  {
   "id": "ultimate-software-g02",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Prior model",
   "statement": "License sales continued alongside the growing hosted offer.",
   "event_date": "2004",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US6"
   ]
  },
  {
   "id": "ultimate-software-g03",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Contract duration",
   "statement": "Intersourcing agreements generally had initial terms of 24 months.",
   "event_date": "2004",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US6"
   ]
  },
  {
   "id": "ultimate-software-g04",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Partner revenue",
   "statement": "Ceridian accounted for 17% of total revenue in the first quarter of 2004.",
   "event_date": "2004",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US6"
   ]
  },
  {
   "id": "ultimate-software-p04",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "Unified suite",
   "statement": "UltiPro combined core HR and payroll with related employee functions.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-p05",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "Employee access",
   "statement": "The service offered employee and manager self-service.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-p06",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "Benefits",
   "statement": "The suite included benefits administration.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-p07",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "Talent",
   "statement": "Optional products included recruiting and talent management.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-p08",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "Time",
   "statement": "UltiPro offered time and attendance capabilities.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-p09",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "Updates",
   "statement": "Ultimate maintained its hosted service and delivered software updates.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-p10",
   "business": "Cloud HCM and payroll",
   "category": "product",
   "dimension": "HR service",
   "statement": "Ultimate acquired PeopleDoc to extend employee document and HR-service capabilities.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-g05",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Sales process",
   "statement": "Direct sales teams used needs analysis, demonstrations and proposal responses.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-g06",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Recurring price",
   "statement": "Subscription fees generally depended on employees served and products purchased.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-g07",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Implementation",
   "statement": "Customers paid launch fees for implementation work.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-g08",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Account expansion",
   "statement": "Customers could add optional products to the core service.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-g09",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Retention",
   "statement": "Recurring revenue retention was 96% in both 2017 and 2018.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-g10",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Service economics",
   "statement": "Services revenue was $143.5 million against $158.6 million of services costs.",
   "event_date": "2018",
   "date_precision": "year",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US1"
   ]
  },
  {
   "id": "ultimate-software-g11",
   "business": "Cloud HCM and payroll",
   "category": "go_to_market",
   "dimension": "Exit",
   "statement": "Investors completed the acquisition at $331.50 per share, approximately $11 billion in aggregate.",
   "event_date": "2019-05-03",
   "date_precision": "day",
   "evidence_kind": "company_described_offering",
   "sources": [
    "US3"
   ]
  }
 ]
}