Ultimate Software is acquiring PeopleDoc for $300 million

Public company Ultimate Software is acquiring French startup PeopleDoc for $300 million in cash and stock. The transaction is expected to close in the third quarter of 2018. These two companies both make HR solutions.
Ultimate Softwarehas been around for a while. It went public in 1998 and switched to a software-as-a-service solution in 2002 — this solution is called UltiPro. It lets you manage all things HR, from payroll to benefits, time management, onboarding, performance management and