M&A Deal Summary

Paychex Acquires NETtime Solutions

On July 25, 2014, Paychex acquired internet software and services company NETtime Solutions

Acquisition Highlights
  • This is Paychex’s 2nd transaction in the Internet Software and Services sector.
  • This is Paychex’s 14th transaction in the United States.
  • This is Paychex’s 1st transaction in Arizona.

M&A Deal Summary
Date 2014-07-25
Target NETtime Solutions
Sector Internet Software and Services
Buyer(s) Paychex
Deal Type Add-on Acquisition

Target

NETtime Solutions

Scottsdale, Arizona, United States
NETtime Solutions LLC is a provider of cloud-based time and attendance solutions provider. NETtime helps companies manage their workforce with real-time time and labor management data while helping them maintain compliance with local, state and federal labor laws.

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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 14 of 21
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 11 of 18
State (Arizona) 1 of 1
Country (United States) 14 of 20
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-11 Interactive Services Group

Detroit, Michigan, United States

Interactive Service Group provides Application Tracking Services for employer

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Advance Partners

Cleveland, Ohio, United States

Advance Partners is a provider of integrated financial, operational, and strategic services to support independent staffing firms.

Buy -
Mergr

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