Paychex, Inc. has acquired Paycor HCM, Inc. for approximately $4.1 billion to enhance its human capital management services for small and medium-sized businesses.

Target Information

Paychex, Inc., incorporated in 1979 and based in Rochester, New York, is a premier human capital management (HCM) company. It provides an extensive range of technology and advisory services in human resources, employee benefits, insurance, and payroll processing. Paychex serves businesses throughout the United States and parts of Europe, and maintains operational hubs in India.

Recently, on April 14, 2025, Paychex completed the acquisition of Paycor HCM, Inc. for approximately $4.1 billion. This transaction aims to enhance Paychex's capabilities in the small and medium-sized business sector by integrating innovative HCM solutions provided by Paycor, known for its robust Software-as-a-Service (SaaS) offerings.

Industry Overview

The human capital management industry in the United States has shown significant growth, driven by advancements in technology and the increasing need for efficient