Paychex

company

About

Paychex together with its subsidiaries, provides payroll, human resource, and benefits outsourcing solutions for all businesses.

Details

Last Funding Type
IPO
Industries
Accounting,Human Resources,Software
Founded date
Jan 1, 1971
Number Of Employee
10001 - max
Operating Status
Active
Stock Symbol
nasdaq:PAYX

Paychex, Inc., together with its subsidiaries, provides payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses in the United States and Germany.Go to http://www.enrollpaychex.com and sign up today. It offers payroll processing services, which include calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients' payroll obligations. The company also provides payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. Its human resource outsourcing services include payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained human resource representative. In addition, the company offers retirement services administration; workers' compensation insurance services; health and benefits services; time and attendance solutions; and other human resource services and products. It also operates a professional employer organization. As of May 31, 2009, the company served approximately 554,000 clients in the United States; and 1,600 clients in Germany. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
Paychex has raised a total of — in funding over 2 rounds. Their latest funding was raised on Sep 2, 1983 from a IPO round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 2, 1983 IPO Detail

Employee Profiles

Number of Employee Profiles
25
Paychex has 25 current employee profiles, including Executive Terry Sukalski
Executive
Executive
Executive
Executive
Executive

Acquisition

Paychex has acquired 16 organizations. Their most recent acquisition was Olsen Computer Systems on Nov 22, 1996. They acquired Olsen Computer Systems for 0.

Date Company Name
Industry Acquisition Type Price
Software acquisition Detail
Professional Services acquisition $ 314M Detail
Apr 1, 2003 InterPay
Professional Services acquisition $ 182M Detail
Human Resources acquisition Detail
Dec 10, 2010 SurePayroll
Enterprise Software Detail