Ultimate Software closes acquisition of Paris company for $300 million

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    ltimate Software on Tuesday said it has closed its $300 million acquisition of Paris-based PeopleDoc, which has customers in 180 countries.

    The acquisition, for about $300 million in cash and stock, was announced in mid-July. PeopleDoc “will open doors for Ultimate to further expand our presence in international markets,” said Scott Scherr, CEO and founder of Ultimate Software, which employs more than 1,700 .