Paylocity is an American company which provides

cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may ...

-based

payroll A payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. Along with the amounts that each employee should receive for time worked or tasks pe ...

and

human capital management Humans (''Homo sapiens'') are the most abundant and widespread species of primate, characterized by bipedalism and exceptional cognitive skills due to a large and complex brain. This has enabled the development of advanced tools, culture, an ...

software. It has been based in Illinois since its founding in 1997.

History

The company was founded as Ameripay Payroll Ltd. by Steve Sarowitz in 1997. It was renamed Paylocity in December 2005. It relocated from

Franklin Park, Illinois Franklin Park is a village in Cook County, Illinois, United States. The population was 18,467 at the 2020 census, up from 18,333 at the 2010 census. It was named for real estate broker Lesser Franklin who bought acres of the area when it was a maj ...

Elk Grove Village Elk Grove Village is a village in Cook and DuPage counties in the U.S. state of Illinois. Per the 2020 census, the population was 32,812. Located northwest of Chicago along the Golden Corridor, the Village of Elk Grove Village was incorpora ...

, and later to Arlington Heights. The company has leased 309,000 square feet of office space in the former headquarters of Zurich Insurance North America in Schaumburg,

Illinois Illinois ( ) is a state in the Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria and Rockf ...

. The move will be complete in 2019. It was one of the 5,000 fastest growing private companies according to ''Inc.'' Magazine in 2003, 2004, and from 2007 to 2014. The company was also included in the

Deloitte Fast 500 The Deloitte Technology Fast 500 Awards are run and moderated by international professional services group Deloitte Touche Tohmatsu Limited. They recognize the 500 fastest-growing technology companies in regions around the world. Winners include ...

as one of the fastest growing technology companies in 2013, 2014, and 2015. Paylocity held an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

(IPO) in March 2014, raising about $120 million. The company was listed in

Glassdoor Glassdoor is an American website where current and former employees anonymously review companies. Headquartered in San Francisco, California, it has additional offices in Chicago, Dublin, London, and São Paulo. Glassdoor also allows its users to ...

's Best Places to Work in 2019. In 2021, Paylocity was listed at #51 in Fortune's 100 Fastest Growing Companies for 2021

References

External links

* {{authority control 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