OKLAHOMA CITY--(BUSINESS WIRE)--
Paycom Software, Inc. (NYSE:PAYC) (“Paycom”), a leading provider of
comprehensive, cloud-based human capital management software delivered
as Software-as-a-Service, announced today that the underwritten
secondary offering (the “Offering”) of 8,000,000 shares of its common
stock by Welsh, Carson, Anderson & Stowe X, L.P. and WCAS Capital
Partners IV, L.P. (collectively, “WCAS”), each of its executive officers
and certain other selling stockholders (collectively, the “Selling
Stockholders”). The price to the public in the Offering is $36.25 per
share. Barclays is acting as the underwriter for the Offering. The
Offering is expected to close on or about May 20, 2015, subject to
customary closing conditions. Paycom will not receive any proceeds from
the Offering.
A copy of the prospectus and prospectus supplement related to the
Offering may be obtained from Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or
e-mail Barclaysprospectus@broadridge.com,
or telephone 1 (888) 603-5847.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Paycom has filed a registration statement, including a prospectus and a
prospectus supplement, with the Securities and Exchange Commission (the
“SEC”) for the Offering to which this communication relates. Before you
invest, you should read the prospectus supplement, the accompanying
prospectus, the registration statement and the other documents Paycom
has filed with the SEC for more complete information about Paycom and
the Offering. You may get these documents for free by visiting the SEC
website at www.sec.gov.
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 serves 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.
Paycom Software, Inc.
Media Contact:
Kathy Oden-Hall,
CMO, 800-580-4505
Kathy.Oden-Hall@paycom.com
or
Investor
Relations Contact:
855-603-1620
investors@paycom.com
Source: Paycom Software, Inc.