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Paycom Broadens Market Penetration, Opens Five New Sales Offices

Feb 10, 2015

Paycom Software, Inc. (NYSE:PAYC), a leading provider of a comprehensive, cloud-based solution for human capital management, announced the opening of new sales offices in Brooklyn, Cincinnati, Kansas City, Nashville and Pittsburgh. Expansion into these five markets reflects the organization’s emphasis on continued market growth and further broadens Paycom’s national footprint.

“As demand for our solution increased, it was time to expand further to meet that need,” said Chad Richison, Paycom President and Chief Executive Officer. “These new offices will allow us to continue to pursue our mission of providing businesses with software that automates and manages the complete employment life cycle.”

Paycom has consistently opened new offices in recent years. For example, in 2014, Paycom opened locations in Baltimore, Indianapolis, Philadelphia, Portland and Silicon Valley.

Each of Paycom’s new offices will be led by seasoned sales managers. In addition to maximizing market potential, they will be responsible for developing new hires and driving the success of their teams, while representing Paycom within their respective markets.

“We have strong leaders who have proven successful in their previous management roles at Paycom,” said Jeff York, Chief Sales Officer. “I am excited about strengthening our national presence and establishing long-term relationships within these markets.”

Named one of the Best Places to Work in the nation by, Paycom has additional sales offices located in Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Detroit, Fort Worth, Houston, Los Angeles, Miami, Minneapolis, New York City, Oklahoma City, Orange County, Parsippany, Phoenix, San Francisco, Seattle, St. Louis, Tampa, Tulsa and Washington, D.C.

Forward-Looking Statements

Certain statements in this press release may be forward looking statements within the meaning provided under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are made only as of the date hereof. These statements involve known and unknown risks and uncertainties that may cause Paycom’s actual results to differ materially from those stated or implied by such forward-looking statements, as a result of various risks and uncertainties including: changes in the demand for our solution, pricing changes and the impact of competition; changes in technology; our ability to attract, hire and retain skilled employees; our ability to attract and retain clients and increase the number of applications utilized by our clients; our ability to develop and market new applications, improve our existing applications and increase the value of our solution; our ability to maintain or increase our revenues and revenue growth rate; our ability to successfully open or derive revenue from our new sales offices; the sufficiency of our cash and cash equivalents and cash generated from operations to meet our working capital and capital expenditure requirements; changes in laws regulating payroll taxes and employee benefits; the possibility of a security breach that disrupts operations or exposes client confidential data; and potentially unfavorable outcomes related to pending legal matters.

Other factors that may cause such differences include, but are not limited to, those discussed in our periodic filings with the Securities and Exchange Commission, including those discussed in the prospectus filed with the Securities and Exchange Commission on January 15, 2015, and in particular the section entitled “Risk Factors” of the prospectus. Paycom undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

About Paycom

As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Paycom has the ability to serve businesses of all sizes and in every industry. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country.