Paylocity
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Paylocity Holding Corporation is an American provider of cloud-based payroll and human capital management (HCM) software.[1]
History
The company was founded by Steve Sarowitz in 1997 as Ameripay Payroll Ltd.[2] It was renamed Paylocity in December 2005.[2][3] 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.[4]
It was one of the 5,000 fastest growing private companies according to Inc. Magazine in 2003, 2004, and from 2007 to 2014.[5] The company was also included in the Deloitte Fast 500 as one of the fastest growing technology companies in 2013,[6] 2014,[7] and 2015.[8]
Paylocity held an initial public offering in March 2014, raising about $120 million.[9]
In 2021, Paylocity was listed at #51 in Fortune's 100 Fastest Growing Companies for 2021.[10]
In September 2024, Paylocity announced that it would acquire Airbase Inc., a spending management software company.[11]
References
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External links
- Template:Official
- Business data for Paylocity: Template:Hlist
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- Business services companies of the United States
- Companies based in Cook County, Illinois
- Business services companies established in 1997
- Financial services companies established in 1997
- Companies listed on the Nasdaq
- 2014 initial public offerings
- Schaumburg, Illinois
- Companies in the S&P 400