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Paylocity logo — Innovative payroll services and human resource software solu...

Paylocity

Innovative payroll services and human resource software solutions for employees and businesses across america

Founded 1997 United States Schaumburg, United States 7321 employees IPO Total: $130.00M Enterprise Software, Information Technology +2

General Information

Company Name Paylocity
Founded Year 1997
Location United States Schaumburg, United States
Employees 7321
Industries Enterprise Software, Information Technology, SaaS +1
Funding Stage IPO
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Usage Based, Service Fee

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A one-page PDF brief: what it does, key facts, the last 90 days of dated moves and questions worth asking. Re-checked on the day you order. See a sample

Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

In The News Oct 31, 2026

Featured on Simply Wall St: Is AI Recruiting Launch Altering The Investment Case For Paylocity (PCTY)?

In The News Oct 30, 2026

Featured on ChartMill: Paylocity Holding (NASDAQ:PCTY): A Quality Stock With Strong Metrics and Valuati...

Major Customer Win Oct 29, 2026

ADAPT Community Network chose Paylocity to modernize their HR functions, successfully consolidating five systems into one.

Feature Release Oct 27, 2026

Paylocity launched Workflow Launch Agent as part of its Paylocity Ignite AI suite.

In The News Oct 26, 2026

Featured on Seeking Alpha: Paylocity Q1 Preview: More Aggressive Monetization Is Needed (Downgrade) (NASDAQ...

Product Launch Oct 22, 2026

Paylocity launched Recruiting Optimizer, an AI-powered tool to automate talent rediscovery and candidate engagement.

+2 more signals in last 30 days

AI Insight

Bounce Watch AI
6 days ago

Paylocity is strategically enhancing its HR technology suite with new AI-powered features, exemplified by the launch of Recruiting Optimizer and Workflow Launch Agent, indicating a strong focus on advanced automation and talent management. Concurrently, the company is gaining market recognition and securing major customer wins, positioning it as a robust, people-first alternative to broader HR/IT platforms like Rippling, especially for mid-market clients seeking integrated HR, payroll, and engagement solutions.

Signal Types
Product Launch Recognition Customer Acquisition Market Positioning Ai Integration
Strategic Labels
AI-Powered HR Product Innovation Mid-Market Focus
Next Move: Product Enhancement
·
Impact: 8/10
·
Ideal For: HR Tech Investors — Public Market / Growth Equity

About Paylocity

Paylocity is a distinguished provider of cloud-based HR, payroll, and spend management software solutions, with a mission to enhance workplaces where employees thrive and businesses excel. Operating under the slogan, "Innovative payroll services and human resource software solutions for employees and businesses across America," the company integrates technology with a people-centric approach, emphasizing that "people matter most."

Founded in 1997 and headquartered in the United States, Paylocity operates within the Enterprise Software, Information Technology, SaaS, and Human Resources industries. As an established public company listed on NASDAQ under the ticker PCTY, the company’s growth trajectory was accelerated with a $120.00M IPO investment in March 2014.

A robust track record accompanies Paylocity as it continues to innovate and adapt to the evolving needs of organizations, solidifying its position as a leader in the HR technology market.

Business keywords: Cloud-Based Software Solutions, Human Capital Management, Payroll Services, Employee Engagement, HR Compliance, HR Data Analytics, Talent Acquisition, Workforce Management, Employee Training and Development, Performance Management, Benefits Administration, SaaS Business Software, Time and Attendance, Onboarding Solutions, Mobile HR

Services & Products

HR Management
Payroll Processing
Finance and Spend Management
IT Asset and Access Management

Target Customers

Small Businesses Midsize Businesses Enterprises Accountants Brokers Franchises Private Equity

Pricing

as listed on Oct 31, 2026

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
IPO $120.00M -
01 Mar 2014
Early VC $10.00M 1
Adams Street Partners
01 May 2008

Paylocity Alternatives & Competitors

View All Alternatives
Paylocity vs
Gusto
Gusto United States

Growing the small business economy with technology and heart 🧡⚡️

Venture round
4797 employees
Enterprise Software, Financial Services
Paylocity vs
Ultimate Software
Ultimate Software United States

Built from the merger of Ultimate Software & Kronos Inc, we are now UKG. We provide global #HCM, #pa...

Post-IPO Equity
612 employees
AI, Cloud Infrastructure
Paylocity vs
sumHR
sumHR India

sumHR is a modern, delightful, and comprehensive Human Resource Management Software for growing orga...

Acquired
22 employees
Enterprise Software, Information Technology

FAQ About Paylocity

Innovative payroll services and human resource software solutions for employees and businesses across america
Paylocity was founded in 1997.
Paylocity is headquartered in Schaumburg, United States.
Paylocity operates in Enterprise Software, Information Technology, SaaS and Human Resources. Its work centres on Cloud-Based Software Solutions, Human Capital Management, Payroll Services and Employee Engagement. Its customers include Small Businesses, Midsize Businesses and Enterprises.
Paylocity has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Usage Based and Service Fee.
As listed on Paylocity's pricing page on Oct 31, 2026: On request.
Paylocity has approximately 7321 employees.
Paylocity has completed 2 funding rounds, raising a total of $130.00M. The latest funding stage is IPO.
Paylocity offers: HR Management, Payroll Processing, Finance and Spend Management, IT Asset and Access Management.
Top alternatives and competitors to Paylocity include Gusto, Ultimate Software, sumHR, Paycor, Workable. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Paylocity and Gusto are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Paylocity, https://bouncewatch.com/company/paylocity, updated 31 October 2026. When citing, please name BounceWatch and link this page.

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