 | |
| 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 solutions.
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. bySteve Sarowitz in 1997.[3] It was renamed Paylocity in December 2005.[3][4] It relocated fromFranklin Park, Illinois toElk Grove Village, and later toArlington Heights. The company has leased 309,000 square feet of office space in the former headquarters of Zurich Insurance North America inSchaumburg,Illinois. The move was completed in 2019.[5]
It was one of the 5,000 fastest growing private companies according toInc. Magazine in 2003, 2004, and from 2007 to 2014.[6] The company was also included in theDeloitte Fast 500 as one of the fastest growing technology companies in 2013,[7] 2014,[8] and 2015.[9]
Paylocity held aninitial public offering in March 2014, raising about $120 million.[10]
The company was listed inGlassdoor'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]