1 Ultimate Software ranks No. 2 in nation as Best Place to Work
Fortune ranked South Florida’s tech giant, Ultimate Software, #2 on the 100 Best Companies to Work For list for 2020, honoring the South Florida based tech company’s 30-year history of providing a “People First” workplace culture. This marks the company’s highest-ever ranking on the nationwide list and its fourth consecutive year in the top 10, with Ultimate having ranked in the top 25 on Fortune’s 100 Best Companies to Work For list since 2012.
“In my 23 years at Ultimate, from intern to CEO, I’ve experienced first-hand our commitment to not only creating great software, but, more importantly, to developing and growing strong leaders with a passion for raising the bar on how companies take care of their employees,” said CEO Adam Rogers, in a statement. “This unwavering commitment has guided every decision we make.”
The company’s benefits go well beyond fully paid healthcare, including coverage for infertility treatments and gender reassignment surgery. Other benefits include a 45% dollar-for-dollar match on all employee 401(k) retirement contributions; equity upon hiring and for performance; unlimited paid time off for salaried employees; paid maternity and paternity leave; and three paid days per year for employees to volunteer at nonprofit organizations of their choosing.
Ultimate, headquartered in Fort Lauderdale, is a leading global provider of cloud-based human capital management and employee experience solutions, with more than 51 million people records in the cloud.
2 Endeavor Miami Entrepreneur raises $6M for her startup
Silvina Moschini, an Endeavor Miami Entrepreneur and founder of TransparentBusiness and SheWorks!, has raised a second round of financing for TransparentBusiness, a NYC-based provider of a SaaS people management platform.
In total, the company raised over $6 million from individual investors using the new SEC Rule 506(c) that allows for “general solicitation and advertising” of the investment opportunity. Investors include current and former executives of Morgan Stanley, Merrill Lynch, J.P. Morgan, Stifel, Bank of America, Barclays Global Investors, UBS, Wells Fargo, Goldman Sachs, Citigroup, Trust Company of the West, Deutsche Bank, Accenture, and Telefónica, which invested through Wayra.
TransparentBusiness provides a platform aimed at increasing freelancer productivity, protecting client budgets from overbilling, and providing real-time information on the cost and status of all tasks and projects.
3 Taxfyle expands to Coconut Grove
Taxfyle, which provides an on-demand tax filing app, signed a three-year lease for 13,959 square feet of Class A space in Coconut Grove in the Mayfair, a space about three times bigger than the Coral Gables office it left, the Miami Herald reported. Publicis Sapient is located in the same building.
Taxfyle co-founder Michael Mouriz said the team likes the Grove’s transformantion, especially with the changes to Cocowalk. Taxfyle, launched in 2014, employs 44 and plans to grow its tech development, marketing and legal divisions this year. About 2,300 accountants on the platform serve about 50,000 users.
4 FPL launches incubator for energy startups
Florida Power & Light Co. is accepting applications for its new incubator program, 35 Mules. The companies considered for 35 Mules must be in energy, water or energy-related industries in Florida, FPL said in an announcement this week.
Entrepreneurs will receive dedicated workspace in FPL’s headquarters; access to experts in energy sectors including renewables, solar and smart grid; free executive coaching and a grant of at least $50,000 each to scale their businesses. Applications are currently being accepted at 35Mules.com.
Where did that funny name come from? 35 mules helped NextEra Energy, FPL’s parent company, get its start.
5 1909 gets funding for new accelerator
In more news from Palm Beach County, 1909, a West Palm Beach-based nonprofit that supports startup founders, will receive a $25,000 grant from the City of West Palm Beach to create a new accelerator with a gamification twist, the South Florida Business Journal reported.
The Community Gamification Program was created to improve the likelihood of success for entrepreneurs by marking the milestones of building their businesses in a “game-like” way, Shana Ostrovitz, executive director 1909, told the Journal. By tracking founder achievements, 1909 will simultaneously gather valuable startup data that will also inform the city’s programming. Ten West Palm Beach entrepreneurs will be accepted into the inaugural 4-month cohort expected to launch in April, and 1909 has begun taking applications at weare1909.org/accelerator.
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