Paychex
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 Headquarters of Paychex | |
| Public | |
| Traded as | |
| Industry | Business process outsourcing |
| Founded | 1971 |
| Founder | B. Thomas Golisano |
| Headquarters | Rochester, New York, United States |
Area served | United States, Germany, Brazil, Denmark, Norway, Sweden |
Key people |
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| Services | Payroll and HR services |
| Revenue |
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| |
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| Total assets |
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| Total equity |
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Number of employees | 14,300 (2018) |
| Website | Paychex.com |
| Footnotes / references [1] | |
US$ 3.38 billionPaychex, Inc. is an American provider of payroll, human resource, and benefits outsourcing services for small- to medium-sized businesses. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 605,000 payroll clients as of May 31, 2017.
History
Paychex was founded by Tom Golisano in 1971. Golisano started the company with $3,000.[2]
The operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. In 1983, Paychex went public and began trading on the NASDAQ Stock Market. In fiscal 2013, Paychex revenues exceeded $2.3 billion.
On February 9, 2011, Paychex acquired SurePayroll[3] for $115 million cash.[4]
On March 1, 2018, Paychex announced they acquired the Lessor Group. [5]
| Name | Tenure |
|---|---|
| Tom Golisano | 1979 – October 2004 |
| Jonathan J. Judge | October 2004 – July 2010 |
| Martin Mucci | October 2010 – present |
References
- ^ "Paychex, Inc. Annual Form 10-K (May 31, 2018)". U.S. Securities and Exchange Commission. July 20, 2018. Retrieved November 30, 2018.
- ^ "Golisano Built Paychex into a Success Story." Rochester Business Journal.
- ^ "FPaychex Announces Acquisition of SurePayroll". December 9, 2010. Retrieved May 26, 2011.
- ^ "SurePayroll bought by rival Paychex for $115M". Crain's Chicago Business. December 13, 2010. Retrieved May 26, 2011.
- ^ http://media.paychex.com/paychex-lessor-acquisition/
External links
- Official Site
- Business data for Paychex, Inc.:
- Wolfram Alpha Fundamentals & Financials
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