OKLAHOMA CITY--(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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161117006400/en/
Source: Paycom Software, Inc.