Paylocity Holding Corporation is a major national cloud-based payroll, spend management, and human capital management (HCM) software provider headquartered in Schaumburg, Illinois. Founded by Steve Sarowitz in 1997 as Ameripay Payroll Ltd. and renamed Paylocity in 2005, the company went public in March 2014 (NASDAQ: PCTY) and generated over $1.4 billion in revenue serving more than 39,000 customers as of fiscal year 2024.