shares of Paylocity Holding Corp (PCTY) on
Paylocity Holding Corp. engages in the development and provision of cloud-based software solution. The company is headquartered in Schaumburg, Illinois and currently employs 3,050 full-time employees. The firm’s services are provided in a software-as-a-service delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture. The cloud-based platform features a suite of unified payroll and HCM applications. The Company, through cloud-based platform, offers various products, which include Paylocity Web Pay, Core HR (Web HR), Talent Management, Time and Labor (Web Time and Web Expense), Benefits (Web Benefits), and Third-Party Administrative (TPA) Services. The multi-tenant software platform is configurable and includes a unified suite of payroll and HCM applications, such as time and labor tracking, benefits and talent management.