Paycor, Inc.

Based in Ohio, US, and founded in 1990 by Bob Coughlin, Paycor HCM, Inc. operates as a developer of software and solutions utilized for people management. Private equity firm Apax Partners invested in Paycor HCM, Inc. in September 2018 and supported the company's product development and geographic expansion.

In January 2021, a consortium led by Neuberger Berman, including ClearBridge Investments, Franklin Templeton Investments, Leumi Partners, Qatar Investment Authority, and Teca Partners, invested USD 270 million in Paycor HCM, Inc. , with Apax Partners retaining a stake in the company. As of July 2021, Raul Villar Jr is the CEO of the firm and has more than 28,000 customers across 50 states in the US. In the same month, the company completed its IPO, raising USD 425.

5 million on the Nasdaq Global Select Market (ticker symbol: PYCR). In January 2025, Paychex Inc. agreed to fully acquire Paycor, Inc. from Apax Partners, BlackRock, ClearBridge Investments, Leumi Partners, Teca Partners, Qatar Investment Authority, Franklin Templeton, and Neuberger Berman for USD 22.

50 per share, or approximately USD 4. 1 billion, in an all-cash transaction. Paycor HCM, Inc. is a unified cloud-based human capital management (HCM) system that helps modernize HR and employee management.

The platform offers HR and payroll software, talent management solutions, workforce management, employee experience solutions, and benefits administration software. It is offered to various industries including healthcare, manufacturing, restaurants, retail, professional services, non-profits, and the education sector. Paycor HCM, Inc. generated a revenue of USD 264.

8 million during the nine months ended March 2021, and in the fiscal year June 2020, USD 327. 9 million was its revenue. Through its business model, the company's revenue is recurring in nature. It generates revenue mostly through the sale of SaaS subscriptions to its cloud-native HCM software platform and from customers on a per-employee- per-month (“PEPM”) basis whereby the company's revenue is derived from the number of employees of a given customer, and the amount, type, and timing of products provided to a customer with respect to its employees.

Its recurring and other revenues are primarily revenues derived from the provision of the company's payroll, workforce management, and HR-related cloud-based computing services and non-refundable implementation fees. Paycor HCM, Inc. plans to expand the organization through future acquisitions of other companies’ businesses, technologies, or customer portfolios.