Paylocity

Last updated
Paylocity Holding Corporation
Company type Public
Nasdaq:  PCTY
S&P 400 Component
ISIN US70438V1061
Industry Payroll service bureau
Software as a service
PredecessorAmeripay Payroll, Ltd.
Founded1997;28 years ago (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)
ProductsHR & Payroll
Time & Labor
Recruiting
Expense Management
Onboarding
Performance Management
Compensation Management
ServicesOnline payroll and HR
RevenueIncrease2.svg US$1.4 billion (2024) [1]
Increase2.svgUS$260 million (2024)
Increase2.svgUS$206.8 million (2024)
Total assets Decrease2.svgUS$3.69 billion (2023)
Total equity Increase2.svgUS$842.8 million (2023)
OwnerSteve Sarowitz, and
Adams Street Partners (private equity)
Number of employees
6,200 (2023) [2]
Website www.paylocity.com

Paylocity Holding Corporation is an American provider of cloud-based payroll and human capital management (HCM) software solutions.

Contents

History

Founded in 1997 and publicly traded since 2014, Paylocity has consistently been recognized nationally for its innovation, culture, and growth[ citation needed ]. 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 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 spending management software solution provider. [13]

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References

  1. "Paylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results" (Press release). Paylocity. Aug 1, 2024.
  2. "Investor Presentation Q2 FY2022". Paylocity. Retrieved 20 April 2022.
  3. 1 2 "Company Overview of Paylocity Corporation". Bloomberg Business . December 9, 2015. Retrieved December 9, 2015.
  4. "Corp/LLC Certificate of Good Standing". Illinois Secretary of State . Retrieved December 9, 2015.
  5. Ori, Ryan. "Paylocity completes big HQ lease in Schaumburg". Crain's Chicago Business. Crain's Chicago Business. Retrieved 2016-08-28.
  6. "Paylocity". Inc. Retrieved December 9, 2015.
  7. "Technology Fast 500™ Powerful connections" (PDF). Deloitte. 2013. Retrieved December 9, 2015.
  8. "Deloitte's 2014 Technology Fast 500™ Ranking" (PDF). Deloitte. 2014. Retrieved December 9, 2015.
  9. "Deloitte's 2015 Technology Fast 500™ Ranking" (PDF). Deloitte. 2015. Retrieved December 9, 2015.
  10. "Shares of payroll processor Paylocity soar in debut". Reuters. 2014-03-19. Retrieved 2020-05-27.
  11. "Best Places to Work". Glassdoor. Retrieved 2018-12-20.
  12. "100 Fastest-Growing Companies: Paylocity Holding". Fortune. 2021-10-28.
  13. "Paylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider". Paylocity. 2024-09-04.