Press Room

The Oklahoma Billionaire Who Hit Pay Dirt With Payroll Software That Catapulted His Stock 1,800% Since IPO

It’s a bright morning in early November at Around the Corner, an old-school diner in the red-brick college town of Edmond, Oklahoma. The walls are plastered with college football pennants, but Chad Richison has a different contact sport on his mind. “It takes a lot of humility to just walk out on the wrestling mat in one of those singlets, and then you get pinned in 17 seconds in front of all your friends,” says Richison, 49. “Once you’ve stepped on a mat, everything else you do after gets easier.”

About Paycom

Paycom Software, Inc. (NYSE: PAYC) is a cloud-based human capital management software provider that allows organizations of all sizes across the U.S. and internationally to set numerous HR and payroll tasks to “automatic” through employee-first technology. Built on a truly single database, Paycom’s full-solution automation manages the entire employment life cycle, helping organizations streamline processes and improve data accuracy. With its industry-first AI engine, IWant™, Paycom provides instant access to accurate employee data without requiring users to navigate or learn the software. For over 25 years, Paycom has been repeatedly recognized by third party reviewers as a leading payroll and HCM solution.