Paycom Ranked Among Fastest Growing Companies in North America on Deloitte’s 2016 Technology Fast 500™
November 17 2016 - 05:16PM
Business Wire
Paycom Software, Inc. (NYSE:PAYC), a leading provider of a
comprehensive, cloud-based solution for human capital management,
today announced it ranked No. 364 on Deloitte’s Technology Fast
500™, a list of the 500 fastest growing technology, media,
telecommunications, life sciences and energy tech companies in
North America. Paycom experienced 192 percent revenue growth during
the time period considered.
“As evidenced by our placement on this latest Fast 500 list, we
remain committed to providing companies nationwide with accurate
and affordable software solutions, which streamline HR operations
and empower workforces,” said Paycom’s founder and chief executive
officer, Chad Richison.
In its second year on the list, Paycom jumped 26 spots and is
the only Oklahoma company to make the list.
“Today, when every organization can be a tech company, the most
effective businesses not only foster the courage to explore change,
but also encourage creativity in using and applying existing assets
in new ways, as resourcefully as possible,” said Sandra Shirai,
principal, Deloitte Consulting LLP and U.S. technology, media and
telecommunications industry leader. “This ingenious approach to
innovation calls for the encouragement of curiosity and
collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations
are open to diverse perspectives and insights, they are able to
create an environment for their employees and customers to see the
possibilities and ingenious solutions that might lie ahead,” added
Jim Atwell, national managing partner of the emerging growth
company practice, Deloitte & Touche LLP. “Entrepreneurial
environments foster change and innovation within businesses, and we
look forward to watching these companies continue to drive change
across all sectors.”
Overall, 2016 Technology Fast 500™ companies achieved revenue
growth ranging from 121 percent to 66,661 percent from 2012 to
2015, with median growth of 290 percent.
About Deloitte’s 2016 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest
growing technology, media, telecommunications, life sciences and
energy tech companies – both public and private – in North America.
Technology Fast 500 award winners are selected based on percentage
fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company's operating revenues. Companies must have base-year
operating revenues of at least $50,000 USD, and current-year
operating revenues of at least $5 million USD. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North America.
As used in this document, “Deloitte” means Deloitte LLP and its
subsidiaries. Please see www.deloitte.com/us/about for a
detailed description of the legal structure of Deloitte LLP and its
subsidiaries. Certain services may not be available to attest
clients under the rules and regulations of public accounting.
About Paycom
As a leader in payroll and HR technology, Oklahoma City-based
Paycom redefines the human capital management industry by allowing
companies to effectively navigate a rapidly changing business
environment. Its cloud-based software solution is based on a core
system of record maintained in a single database for all human
capital management functions, providing the functionality that
businesses need to manage the complete employment lifecycle, from
recruitment to retirement. Paycom has the ability to serve
businesses of all sizes and in every industry. As one of the
leading human capital management providers, Paycom serves clients
in all 50 states from offices across the country.
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Paycom Software, Inc.Media Contact:Kathy Oden-Hall,
800-580-4505CMOmedia@paycom.comorInvestor Relations Contact:David
Niederman, 855-603-1620investors@paycom.com
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