About Paychex HR
Paychex HR is a company based in West Palm Beach (United States) founded in 1996 was acquired by Paychex in December 2018. It operates as a SaaS (Software-as-a-Service), and Managed Services. Paychex HR has raised $3 million across 4 funding rounds from investors including Paychex, Kelso & Company and PGIM Private Capital. Paychex HR has completed 5 acquisitions, including Advantec HR, Aureon and Doherty Employment. Paychex HR offers products and services including Payroll Services, Human Resources, Professional Employer Organization (PEO), Time & Attendance, and Employee Benefits. Paychex HR operates in a competitive market with competitors including ADP, UKG, Randstad, Bullhorn and Insperity, among others.
- Headquarter West Palm Beach, United States
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Paychex Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Paychex
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Advantec HR
& 4 more
- Acquired by
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Products & Services of Paychex HR
Paychex HR offers a comprehensive portfolio of products and services, including Payroll Services, Human Resources, Professional Employer Organization (PEO), Time & Attendance, and Employee Benefits. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Employees are paid efficiently through streamlined payroll processes.
HR and compliance guidance is provided to businesses.
Comprehensive HR outsourcing is offered for business support.
Time tracking solutions are provided to prevent errors.
Benefits management is simplified through an integrated platform.
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Sales and Marketing
135 people
Software Development Team
65 people
Human Resources and Administration
36 people
Product Management Team
29 people
Leadership Team
20 people
Senior Team
16 people
Strategic Team
13 people
Operations Team
11 people
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Funding Insights of Paychex HR
Paychex HR has successfully raised a total of $3M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(29 Mar 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series B - Paychex HR | Valuation | Kelso & Company |
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| Dec, 2014 | Amount | Debt – Conventional - Paychex HR | Valuation |
investors |
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| Mar, 2006 | Amount | Debt – Conventional - Paychex HR | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Paychex HR
Paychex HR has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Paychex, Kelso & Company and PGIM Private Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Nautic Partners is engaged in middle market private equity investments.
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Founded Year | Domain | Location | |
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Private capital is provided to middle-market companies globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paychex HR
Paychex HR has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Advantec HR, Aureon and Doherty Employment. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Benefits management, payroll processing, and HR consulting services are provided.
|
2004 | ||||
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Limited information available
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1996 | ||||
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Business telecom and contact center services are provided to enterprises.
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1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Paychex HR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paychex Hr Comparisons
Competitors of Paychex HR
Paychex HR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ADP, UKG, Randstad, Bullhorn and Insperity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
Provider of HR and payroll & workforce management solutions
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| domain | founded_year | HQ Location |
HR consulting, recruitment, and outsourcing services are offered worldwide.
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| domain | founded_year | HQ Location |
Cloud-based ATS and CRM systems are offered for staffing agencies.
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| domain | founded_year | HQ Location |
HR outsourcing services are provided to businesses by Insperity.
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| domain | founded_year | HQ Location |
HR, insurance, and liability services are provided by Alera Group.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paychex Hr
Frequently Asked Questions about Paychex HR
When was Paychex HR founded?
Paychex HR was founded in 1996 and raised its 1st funding round 10 years after it was founded.
Where is Paychex HR located?
Paychex HR is headquartered in West Palm Beach, United States. It is registered at West Palm Beach, Florida, United States.
Is Paychex HR a funded company?
Paychex HR is a funded company, having raised a total of $3M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $15M, raised on Mar 29, 2006.
What does Paychex HR do?
Paychex HR, formerly Oasis, is integrated into Paychex Inc., offering comprehensive human capital management solutions. Services provided include payroll processing, human resources support, and professional employer organization (PEO) solutions. These are tailored for businesses of varying sizes across multiple industries such as healthcare, retail, and manufacturing. Advanced technology and AI-assisted tools are utilized to streamline HR functions, enhance recruiting, and manage employee benefits. Compliance guidance and workforce planning solutions are also offered to mitigate administrative burdens for clients.
Who are the top competitors of Paychex HR?
Paychex HR's top competitors include Randstad, Alera Group and UKG.
What products or services does Paychex HR offer?
Paychex HR offers Payroll Services, Human Resources, Professional Employer Organization (PEO), Time & Attendance, and Employee Benefits.
How many acquisitions has Paychex HR made?
Paychex HR has made 5 acquisitions, including Advantec HR, Aureon, and Doherty Employment.
Who are Paychex HR's investors?
Paychex HR has 5 investors. Key investors include Paychex, Kelso & Company, PGIM Private Capital, Nautic Partners, and H.I.G. Capital.
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