Paylocity Holding Corporation is a leading provider of cloud-based payroll and human capital management (HCM) software solutions headquartered Schaumburg, IL.
 | |
| Company type | Public |
|---|---|
| Nasdaq: PCTY S&P 400 Component | |
| ISIN | US70438V1061 |
| Industry | Payroll service bureau Software as a service |
| Predecessor | Ameripay Payroll, Ltd. (until December 2005) |
| Founded | 1997 Illinois, U.S. |
| Founder | Steve Sarowitz |
| Headquarters | , |
Number of locations | Schaumburg, Illinois Lake Mary, Florida Rochester, New York Meridian, Idaho |
Area served | North America |
Key people | Steve Beauchamp (chairman) Toby Williams (CEO) Ryan Glenn (CFO) Michael Haske (COO) Jill Morrison (CHRO) Art Chaisiriwatanasai (CISO) Nick Rost (CAO) Allison Windon (VP) |
| Products | HR & Payroll Time & Labor Web Link Recruiting Expense Management Web Benefits Onboarding Performance Management Compensation Management Community |
| Services | Online payroll and HR |
| Revenue |  US$1.17 billion (2023)[1] |
| US$155 million (2023) | |
| US$140.8 million (2023) | |
| Total assets |  US$3.69 billion (2023) |
| Total equity | US$842.8 million (2023) |
| Owner | Steve Sarowitz, and Adams Street Partners (private equity) |
Number of employees | 6,200 (2023)[2] |
| Website | www |
History
editFounded in 1997 and publicly traded since 2014, Paylocity has consistently been recognized nationally for its innovation, culture, and growth. The company was founded as Ameripay Payroll Ltd. by Steve Sarowitz in 1997.[3] It was renamed Paylocity in December 2005.[3][4] It relocated from Franklin Park, Illinois to Elk Grove Village, and later to Arlington Heights. The company has leased 309,000 square feet of office space in the former headquarters of Zurich Insurance North America in Schaumburg, Illinois. The move was completed in 2019.[5]
It was one of the 5,000 fastest growing private companies according to Inc. Magazine in 2003, 2004, and from 2007 to 2014.[6] The company was also included in the Deloitte Fast 500 as one of the fastest growing technology companies in 2013,[7] 2014,[8] and 2015.[9]
Paylocity held an initial public offering (IPO) in March 2014, raising about $120 million.[10]
The company was listed in Glassdoor's Best Places to Work in 2019.[11]
In 2021, Paylocity was listed at #51 in Fortune's 100 Fastest Growing Companies for 2021[12]
On Sep 4th, 2024, Paylocity announced a Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider[13]
References
edit- ^ "Paylocity Announces Fourth Quarter and Full Fiscal Year 2023 Financial Results" (Press release). Paylocity. Aug 3, 2023.
- ^ "Investor Presentation Q2 FY2022". Paylocity. Retrieved 20 April 2022.
- ^ a b "Company Overview of Paylocity Corporation". Bloomberg Business. December 9, 2015. Retrieved December 9, 2015.
- ^ "Corp/LLC Certificate of Good Standing". Illinois Secretary of State. Retrieved December 9, 2015.
- ^ Ori, Ryan. "Paylocity completes big HQ lease in Schaumburg". Crain's Chicago Business. Crain's Chicago Business. Retrieved 2016-08-28.
- ^ "Paylocity". Inc. Retrieved December 9, 2015.
- ^ "Technology Fast 500™ Powerful connections" (PDF). Deloitte. 2013. Retrieved December 9, 2015.
- ^ "Deloitte's 2014 Technology Fast 500™ Ranking" (PDF). Deloitte. 2014. Retrieved December 9, 2015.
- ^ "Deloitte's 2015 Technology Fast 500™ Ranking" (PDF). Deloitte. 2015. Retrieved December 9, 2015.
- ^ "Shares of payroll processor Paylocity soar in debut". Reuters. 2014-03-19. Retrieved 2020-05-27.
- ^ "Best Places to Work". Glassdoor. Retrieved 2018-12-20.
- ^ "100 Fastest-Growing Companies: Paylocity Holding". Fortune. 2021-10-28.
- ^ "Paylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider". Paylocity. 2024-09-04.
External links
edit- Official website
- Business data for Paylocity: