^ "2020 Paychex Flex Reviews, Pricing & Popular Alternatives".Paychex Flex received the 2016 TekTonic Award from HRO Magazine for being a best-in-class mobile and cloud-based technology suite.
Oasis, a professional employer organization (PEO) brought 8,400 PEO clients, 1,100 employees, and an annual revenue that exceeded $9 billion in 2017. At the time of the Oasis acquisition, Paychex had 650,000 payroll clients and 14,500 employees. In December 2018, Paychex closed on its acquisition of Oasis Outsourcing Acquisition Corporation for $1.2 billion. In the first quarter of fiscal year 2020, the company repurchased $171.9 million of its own stockĪnd currently has a market capitalization of $30.155 billion. Paychex held an initial public offering in 1983 and began trading on the NASDAQ (PAYX). The operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. Paychex was founded in 1971 by Tom Golisano, who started the company with only $3,000.