M&A Deal Summary

Paychex Acquires Paychex Benefit Technologies

On September 13, 2007, Paychex acquired software company Paychex Benefit Technologies

Acquisition Highlights
  • This is Paychex’s 3rd transaction in the Software sector.
  • This is Paychex’s 7th transaction in the United States.
  • This is Paychex’s 2nd transaction in California.

M&A Deal Summary

Date 2007-09-13
Target Paychex Benefit Technologies
Sector Software
Buyer(s) Paychex
Deal Type Add-on Acquisition

Target

Paychex Benefit Technologies

San Diego, California, United States
Paychex Benefit Technologies, Inc. (Formerly Hawthorne Benefit Technologies, Inc.) and BeneTrac, its powerful online employee benefits management and administration system.

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Buyer(S) 1

Buyer

Paychex

Rochester, New York, United States

Category Company
Founded 1971
Sector Business Services
Employees15,600
Revenue 5.3B USD (2024)
DESCRIPTION
Paychex office in North Reading, Massachusetts.
Paychex office in North Reading, Massachusetts.

Paychex is a provider of comprehensive payroll and integrated human resource and employee benefits outsourcing solutions for small- to medium-sized businesses in the US. Paychex was founded in 1971 and is based in Rochester, New York.


DEAL STATS #
Overall 7 of 22
Sector: Software M&A 3 of 5
Type: Add-on Acquisition M&A Deals 5 of 19
State: California M&A 2 of 3
Country: United States M&A 7 of 21
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-14 Stromberg

Lake Mary, Florida, United States

Stromberg is a provider of enterprise time and attendance solutions. The Lake Mary, Florida based company is the only time and labor management vendor that specializes solely on time and attendance as well as scheduling for large companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-14 Time In A Box

Federal Way, Washington, United States

Time in a Box is a PC-based time and attendance software targeted at small and midsize businesses.

Sell -