Page semi-protected

Paychex

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Paychex, Inc.
Public
Traded as
IndustryBusiness process outsourcing
Founded1971; 47 years ago (1971)
FounderB. Thomas Golisano
HeadquartersRochester, New York, United States
Area served
United States, Germany, Brazil, Denmark, Norway, Sweden
Key people
  • B. Thomas Golisano
  • (Chairman of the Board)
  • Martin Mucci
  • (President & CEO)
  • Efrain Rivera
  • (Senior VP & CFO)
ServicesPayroll and HR services
Revenue
  • Increase US$ 3.38 billion
  • (FY MAY 31, 2018)
  • Increase US$ 1.29 billion
  • (FY MAY 31, 2018)
  • Increase US$ 933.7 million
  • (FY MAY 31, 2018)
Total assets
  • Increase US$ 7.46 billion
  • (FY MAY 31, 2018)
Total equity
  • Increase US$ 2.02 billion
  • (FY MAY 31, 2018)
Number of employees
  • ~14,300
  • (FY MAY 31, 2018)
WebsitePaychex.com
Footnotes / references
[1]

Paychex, Inc. is an American provider of payroll, human resource, and benefits outsourcing services for small- to medium-sized businesses. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 605,000 payroll clients as of May 31, 2017.

History

Headquarters in Rochester, New York

Paychex was founded by Tom Golisano in 1971. Golisano started the company with $3,000.[2]

The operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. In 1983, Paychex went public and began trading on the NASDAQ Stock Market. In fiscal 2013, Paychex revenues exceeded $2.3 billion.

On February 9, 2011, Paychex acquired SurePayroll[3] for $115 million cash.[4]

On March 1, 2018, Paychex accnounced they have acquired the Lessor Group. [5]

Chief executives
Name Tenure
Tom Golisano 1979 – October 2004
Jonathan J. Judge October 2004 – July 2010
Martin Mucci October 2010 – present

References

  1. ^ "Paychex, Inc. Annual Form 10-K (May 31, 2018)". U.S. Securities and Exchange Commission. July 20, 2018. Retrieved November 30, 2018.
  2. ^ "Golisano Built Paychex into a Success Story." Rochester Business Journal.
  3. ^ "FPaychex Announces Acquisition of SurePayroll". December 9, 2010. Retrieved May 26, 2011.
  4. ^ "SurePayroll bought by rival Paychex for $115M". Crain's Chicago Business. December 13, 2010. Retrieved May 26, 2011.
  5. ^ http://media.paychex.com/paychex-lessor-acquisition/

External links