Paylocity

Paylocity is an American company which provides cloud-based payroll and human capital management software. It has been based in Illinois since its founding in 1997.

Paylocity Holding Corporation
TypePublic
Nasdaq: PCTY
S&P 400 Component
ISINUS70438V1061
IndustryPayroll service bureau
Software as a service
PredecessorAmeripay Payroll, Ltd. (until December 2005)
FoundedIllinois, U.S. (1997 (1997))
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 Sarowitz
 (Founder and Chairman)
Steve Beauchamp
 (CEO)
Toby Williams (CFO)
Michael Haske (COO)
Cheryl Johnson (CHRO)
Mitch Hood (CISO)
Andy Cappotelli (CAO)
Meera Mehta (CMO)
ProductsHR & Payroll
Time & Labor
Web Link
Recruiting
Expense Management
Web Benefits
Onboarding
Performance Management
Compensation Management
Community
ServicesOnline payroll and HR
Revenue$1.17 billion (2023)[1]
OwnerSteve Sarowitz, and
Adams Street Partners (private equity)
Number of employees
6,200 (2023)[2]
Websitewww.paylocity.com

History

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]

References
  1. "Paylocity Announces Fourth Quarter and Full Fiscal Year 2023 Financial Results" (Press release). Paylocity. Aug 3, 2023.
  2. "Investor Presentation Q2 FY2022". Paylocity. Retrieved 20 April 2022.
  3. "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.
  • Official website
  • Business data for Paylocity:
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