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Paylocity
Paylocity is a payroll services and human resource software solutions provider based in Schaumburg, United States, founded in 1997. The company offers...
Paylocity
Paylocity is a payroll services and human resource software solutions provider based in Schaumburg, United States, founded in 1997. The company offers solutions for employees and businesses across America. Paylocity has secured $10 million in total funding.
General information
Firm type
other
Year founded
1997
Location
Region
North America
Country
United States
City
Schaumburg
Corporate office
Schaumburg, IL, United States
Principals
Steven Sarowitz
Founder
Toby Williams
Chief Executive Officer
Sector focus
Frequently asked questions
Is Paylocity a family office?
No. Paylocity is a publicly traded corporation listed on the Nasdaq under the ticker PCTY. It sells payroll and HR software to other businesses and does not function as a private investment office.
Who runs Paylocity today?
Toby Williams has served as CEO since 2022. He succeeded Steve Beauchamp, who led the company from 2007 through its 2014 IPO and most of its growth into a billion-dollar revenue business.
What does Paylocity sell?
Paylocity's cloud platform handles payroll and tax filing, time tracking, employee benefits administration, recruiting and onboarding, and learning management. It also includes peer-recognition social feeds and survey tools.
How large is Paylocity's client base?
The firm reports serving over 36,000 organizations, primarily US-based businesses with roughly 20 to 1,000 employees. The platform is designed for the mid-market segment rather than multinational enterprises.
Does Paylocity hold a portfolio of private investments?
It does not. As an operating software business, its capital is deployed into research and development, sales and marketing, acquisitions like Airbase, and share repurchases — not a private equity or venture capital portfolio.
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