# Scott Scherr

> Scott Scherr founded Ultimate Software in South Florida in 1990 after a career at ADP and his father’s data-processing business. He built the HR and payroll software company around employee ownership, trust, and long-term relationships, leading it through its 1998 IPO, its cloud transition, and an approximately $11 billion take-private transaction in 2019. He retired at the end of that year and was named a limited partner in the Palm Beach Royals pickleball franchise in 2025.

- **Role:** Founder and former CEO at Ultimate Software; limited partner in the Palm Beach Royals
- **Organizations:** Ultimate Software, ADP, Management Statistics, Inc., Palm Beach Royals
- **Education:** University of Miami
- **Known for:** Founded and led Ultimate Software for nearly 30 years., Grew the company from four initial employees to more than 5,000 by the 2019 leadership transition., Led Ultimate to $1.14 billion in fiscal 2018 revenue.

## Career timeline

- **Before 1979** — Operated Management Statistics, Inc., the data-processing service bureau his father Reuben founded in 1959.
- **1979–1990** — Worked at ADP in roles including sales executive and vice president of operations.
- **1990** — Founded Ultimate Software in South Florida with four initial employees.
- **1996** — Became chairman and CEO of the corporate entity formed that year.
- **1998** — Led Ultimate Software through its initial public offering.
- **2002** — Ultimate introduced its hosted subscription offering for UltiPro.
- **2016** — Ranked second in Glassdoor’s US CEO ranking with 99% employee approval.
- **2017** — Announced Ultimate Software’s Miami Heat jersey partnership alongside Pat Riley.
- **2019-05** — Ultimate was acquired by an investor group led by Hellman & Friedman for approximately $11 billion.
- **2019-06** — Adam Rogers became co-CEO alongside Scherr.
- **2019-12-31** — Retired from Ultimate Software; Rogers became CEO January 1, 2020.
- **2023** — Served as an honorary co-chair of the JCC Maccabi Games and Access in Broward County.
- **2025-09** — Named among the Palm Beach Royals’ limited partners.

## Achievements

- Founded and led Ultimate Software for nearly 30 years.
- Grew the company from four initial employees to more than 5,000 by the 2019 leadership transition.
- Led Ultimate to $1.14 billion in fiscal 2018 revenue.
- Led the approximately $11 billion 2019 take-private transaction.
- Ranked second in Glassdoor’s 2016 US CEO ranking with 99% employee approval.
- Featured as an inductee by the Jason Taylor Community Hall of Fame.

## Latest updates

- **2025-09** — Hyperspace Ventures identified Scherr as a limited partner in the Palm Beach Royals, a Major League Pickleball expansion franchise.
- **2023-08** — Listed as an honorary co-chair of the Broward County JCC Maccabi Games and Access.
- **2019-12** — Retired from Ultimate Software on December 31 after nearly 30 years leading the business.

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Profile page: https://yespress.io/scott-scherr
Published by YesPress — https://yespress.io
Last updated: 2026-10-23