Paylocity
| Company type | Public |
|---|---|
| Nasdaq: PCTY | |
| Industry | Payroll service bureau Software as a service |
| Predecessor | Ameripay Payroll, Ltd. (until December 2005) |
| Founded | Illinois, U.S. (1997) |
| Founder | Steve Sarowitz |
| Headquarters | , |
Number of locations | Arlington Heights, Illinois Lake Mary, Florida |
Area served | North America |
Key people | Steve Sarowitz (Founder and Chairman) Steve Beauchamp (President and CEO) Peter McGrail (CFO) |
| Products | Web Pay Web Time |
| Services | Online payroll and HR solutions |
| Revenue | US$108,687,000 (FY 2014),  from $77,294,000 (FY 2013) |
| Owner | Steve Sarowitz, and Adams Street Partners (private equity) |
Number of employees | 1600 |
| Website | www |
Paylocity is a provider of cloud-based payroll and human capital management software solutions for medium-sized organizations.
History
The company was founded as Ameripay Payroll Ltd. by Steve Sarowitz in 1997.[1] It was renamed Paylocity in December 2005.[1][2] As the company grew, it relocated from Franklin Park, Illinois to Elk Grove Village, and to its current location in Arlington Heights. The company will begin moving its headquarters to Schaumburg, IL in 2016. The company has leased 309,000 square feet of office space in the current headquarters of Zurich Insurance North America. The move will be complete in 2019.[3]
It was one of the 5,000 fastest growing private companies according to Inc. Magazine in 2003, 2004, and from 2007 to 2014.[4] The company was also included in the Deloitte Fast 500 as one of the fastest growing technology companies in 2013,[5] 2014,[6] and 2015.[7]
Paylocity successfully executed an initial public offering (IPO) in March 2014, raising over $82 million.
References
- ^ a b "Company Overview of Paylocity Corporation". Bloomberg Business. December 9, 2015. Retrieved December 9, 2015.
- ^ "Corp/LLC Certificate of Good Standing". Illinois Secretary of State. Retrieved December 9, 2015.
- ^ Ori, Ryan. "Paylocity completes big HQ lease in Schaumburg". Crain's Chicago Business. Crain's Chicago Business. Retrieved 2016-08-28.
- ^ "Paylocity". Inc. Retrieved December 9, 2015.
- ^ "Technology Fast 500™ Powerful connections" (PDF). Deloitte. 2013. Retrieved December 9, 2015.
- ^ "Deloitte's 2014 Technology Fast 500™ Ranking" (PDF). Deloitte. 2014. Retrieved December 9, 2015.
- ^ "Deloitte's 2015 Technology Fast 500™ Ranking" (PDF). Deloitte. 2015. Retrieved December 9, 2015.