# Paylocity

Paylocity is an other based in Schaumburg, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Schaumburg, United States
- **Region:** North America
- **Address:** Schaumburg, IL, United States
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** paylocity.com
- **LinkedIn:** https://www.linkedin.com/company/paylocity

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Enterprise Software
- FinTech

## People

- Steven Sarowitz — Founder
- Toby Williams — Chief Executive Officer

## Questions

### 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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Last updated: 2026-06-03T20:00:00.000Z

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