Add-on Acquisition • Software

Paychex Acquires Paychex Benefit Technologies

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

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 Overview 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 Context for Buyer #
Overall 7 of 22
Sector: Software 3 of 5
Type: Add-on Acquisition 5 of 19
State: California 2 of 3
Country: United States 7 of 21
Year: 2007 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 -