Paylocity Corporation

Paylocity Holding Corporation
Public
Traded as NASDAQ: PCTY
Industry Payroll service bureau
Software as a service
Predecessor Ameripay Payroll, Ltd. (until December 2005)
Founded Illinois, U.S. (1997 (1997))
Founder Steve Sarowitz
Headquarters 3850 N. Wilke Road
Arlington Heights, Illinois, U.S.
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), Increase from $77,294,000 (FY 2013)
Owner Steve Sarowitz, and
Adams Street Partners (private equity)
Number of employees
 1600
Website www.paylocity.com

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

  1. 1 2 "Company Overview of Paylocity Corporation". Bloomberg Business. December 9, 2015. Retrieved December 9, 2015.
  2. ↑ "Corp/LLC Certificate of Good Standing". Illinois Secretary of State. Retrieved December 9, 2015.
  3. ↑ Ori, Ryan. "Paylocity completes big HQ lease in Schaumburg". Crain's Chicago Business. Crain's Chicago Business. Retrieved 2016-08-28.
  4. ↑ "Paylocity". Inc. Retrieved December 9, 2015.
  5. ↑ "Technology Fast 500™ Powerful connections" (PDF). Deloitte. 2013. Retrieved December 9, 2015.
  6. ↑ "Deloitte's 2014 Technology Fast 500™ Ranking" (PDF). Deloitte. 2014. Retrieved December 9, 2015.
  7. ↑ "Deloitte's 2015 Technology Fast 500™ Ranking" (PDF). Deloitte. 2015. Retrieved December 9, 2015.

Coordinates: 42°08′45″N 88°00′16″W / 42.14587°N 88.00454°W / 42.14587; -88.00454

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