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.

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
Nov 22, 1996 Olsen Computer Systems	Software	acquisition	—	Detail
Sep 20, 2002 Advantage Payroll Services	Professional Services	acquisition	$ 314M	Detail
Apr 1, 2003 InterPay	Professional Services	acquisition	$ 182M	Detail
Sep 13, 2007 Paychex Benefit Technologies	Human Resources	acquisition	—	Detail
Dec 10, 2010 SurePayroll	Enterprise Software	—	—	Detail