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| Company type | Public |
|---|---|
| Nasdaq: PCTY S&P 400 Component | |
| ISIN | US70438V1061 |
| Industry | Payroll service bureau Software as a service |
| Predecessor | Ameripay Payroll, Ltd. |
| Founded | 1997; 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) |
| Products | HR & Payroll Time & Labor Recruiting Expense Management Onboarding Performance Management Compensation Management |
| Services | Online payroll andHR |
| Revenue |  US$1.4 billion (2024)[1] |
| US$260 million (2024) | |
| US$206.8 million (2024) | |
| 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 |
Paylocity Holding Corporation is an American provider ofcloud-basedpayroll andhuman capital management (HCM) software.[3]
The company was founded bySteve Sarowitz in 1997 as Ameripay Payroll Ltd.[4] It was renamed Paylocity in December 2005.[4][5] It relocated fromFranklin Park, Illinois toElk Grove Village, and later toArlington Heights. The company moved its headquarters into a 309,000 square foot office in the former headquarters of Zurich Insurance North America inSchaumburg, Illinois.[6]
It was one of the 5,000 fastest growing private companies according toInc. Magazine in 2003, 2004, and from 2007 to 2014.[7] The company was also included in theDeloitte Fast 500 as one of the fastest growing technology companies in 2013,[8] 2014,[9] and 2015.[10]
Paylocity held aninitial public offering in March 2014, raising about $120 million.[11]
In 2021, Paylocity was listed at #51 in Fortune's 100 Fastest Growing Companies for 2021.[12]
In September 2024, Paylocity announced that it would acquire Airbase Inc., a spending management software company.[13]