Wikipedia

Paylocity

Paylocity Holding Corporation
Company typePublic
Nasdaq: PCTY
S&P 400 Component
ISINUS70438V1061
IndustryPayroll service bureau
Software as a service
PredecessorAmeripay Payroll, Ltd.
Founded1997; 29 years ago (1997) Illinois, U.S.
FounderSteve Sarowitz
Headquarters
Schaumburg, Illinois
,
U.S.
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
RevenueIncrease US$1.4 billion (2024)[1]
Increase US$260 million (2024)
Increase US$206.8 million (2024)
Total assetsDecrease US$3.69 billion (2023)
Total equityIncrease US$842.8 million (2023)
OwnerSteve Sarowitz, and
Adams Street Partners (private equity)
Number of employees
6,200 (2023)[2]
Websitewww.paylocity.com

Paylocity Holding Corporation is an American provider of cloud-based payroll and human capital management (HCM) software.[3]

History

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The company was founded by Steve Sarowitz in 1997 as Ameripay Payroll Ltd.[4] It was renamed Paylocity in December 2005.[4][5] It relocated from Franklin Park, Illinois to Elk Grove Village, and later to Arlington Heights. The company moved its headquarters into a 309,000 square foot office in the former headquarters of Zurich Insurance North America in Schaumburg, Illinois.[6]

Paylocity held an initial public offering in March 2014, raising about $120 million.[7]

In September 2024, Paylocity announced that it would acquire Airbase Inc., a spending management software company.[8]

Awards

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  • 2003, 2004, 2007-2014 - Inc. Magazine 5,000 fastest growing private companies[9]
  • 2013-2015 - Deloitte Fast 500 (fastest growing technology companies)[10][11][12]
  • 2021 - Fortune's 100 Fastest Growing Companies (#51)[13]

References

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  1. ^ "Paylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results" (Press release). Paylocity. August 1, 2024.
  2. ^ "Investor Presentation Q2 FY2022". Paylocity. Retrieved April 20, 2022.
  3. ^ Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D. (April 26, 2022). Intermediate Accounting. John Wiley & Sons. p. 6. ISBN 978-1-119-79097-6.
  4. ^ a b "Company Overview of Paylocity Corporation". Bloomberg Business. December 9, 2015. Retrieved December 9, 2015.
  5. ^ "Corp/LLC Certificate of Good Standing". Illinois Secretary of State. Retrieved December 9, 2015.
  6. ^ Ori, Ryan. "Paylocity completes big HQ lease in Schaumburg". Crain's Chicago Business. Retrieved August 28, 2016.
  7. ^ "Shares of payroll processor Paylocity soar in debut". Reuters. March 19, 2014. Retrieved May 27, 2020.
  8. ^ Azevedo, Mary Ann (September 4, 2024). "Paylocity is acquiring corporate spend startup Airbase for $325M". TechCrunch. Retrieved June 10, 2025.
  9. ^ "Paylocity". Inc. Retrieved December 9, 2015.
  10. ^ "Technology Fast 500™ Powerful connections" (PDF). Deloitte. 2013. Retrieved December 9, 2015.
  11. ^ "Deloitte's 2014 Technology Fast 500™ Ranking" (PDF). Deloitte. 2014. Retrieved December 9, 2015.
  12. ^ "Deloitte's 2015 Technology Fast 500™ Ranking" (PDF). Deloitte. 2015. Retrieved December 9, 2015.
  13. ^ "100 Fastest-Growing Companies: Paylocity Holding". Fortune. October 28, 2021.
[edit]
  • Official website
  • Business data for Paylocity: