Company attributes 393% revenue growth to being “go to” provider of payroll and employee management services.
Moorestown, NJ, December 15, 2008 — PayChoice today announced it ranked number 351 on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003–2007. PayChoice grew 393 percent during this period.
PayChoice’s CEO, Robert Digby, credits a broad suite of services and exceptional value with the company’s 393% revenue growth over the past five years. He said, "PayChoice provides much more than just payroll and we deliver unequaled product value and client service. Our comprehensive suite of employee management solutions allows small business owners to better manage employees and enables them to focus more on running and growing their business. And having three modes of delivery – self-service, full-service outsourcing and licensing – means we have an offering to meet the needs of any business owner."
"Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America’s most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate PayChoice on this significant accomplishment."
PayChoice previously ranked 367 on the 2007 Deloitte’s Technology Fast 500.
In addition to ranking on Deloitte’s Technology Fast 500, PayChoice ranked 15 on the Philadelphia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the greater Philadelphia area.
Overall, companies that ranked on the 2008 Technology Fast 500 had growth rates ranging from 242 to 138,762 percent over five years, with an average growth rate of 3,043 percent.
About PayChoice
PayChoice is the nation’s largest privately-held payroll company and provides payroll and employee management services for small- and medium-sized businesses (SMB)s. In addition to its core payroll and tax administration offerings, PayChoice’s suite of services also includes HR compliance and counseling services, workers compensation insurance, 401(k) solutions and Section 125 solutions, time and attendance and background checks. PayChoice delivers its services to over 150,000 SMBs and nearly 2 million employees both directly and through approximately 260 payroll service bureau licensee.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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