Headquarters
Cincinnati, OhioFounded
1990CEO / Founder
Raul Villar, Jr.Employees
1001-5000Funding
AcquiredStock
PYCRProducts
1 product listedAvg. AI Score
7.4/10Website
www.paycor.com/Profile updated
Paycor HCM, Inc. is a human capital management software company founded in May 1990 by Robert Coughlin in Cincinnati, Ohio. The company provides an integrated platform covering payroll processing, HR administration, benefits enrollment, recruiting, onboarding, time tracking, and workforce analytics for small and mid-sized businesses across the United States.
Paycor's platform consolidates payroll tax compliance, applicant tracking, learning management, and employee scheduling into a single system. The company served more than 40,000 business customers as of 2024, primarily mid-market employers with 50 to 1,000 employees. Paycor went public on Nasdaq under the ticker PYCR in July 2021 and competed directly with ADP, Paylocity, and Paycom in the HCM software market.
On January 7, 2025, Paychex, Inc. announced an agreement to acquire Paycor for $22.50 per share in cash, representing an enterprise value of approximately $4.1 billion. The transaction closed on April 14, 2025, and Paycor's shares were delisted from Nasdaq. Raul Villar, Jr. served as CEO at the time of the acquisition.
Dated, source-cited figures. Estimates are marked.
All products by Paycor reviewed by our AI panel of experts.
Six independent reviewer personalities assessed Paycor's product on their own terms. They disagreed by 1.6 points — The Finance Lead was the hardest to convince, The Decision Maker the most positive.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Who Paycor competes with, and how they differ.
ADP spans the full range from micro-business to enterprise on the deepest payroll-tax/compliance infrastructure in the industry (it processes pay for roughly 1 in 12 US private-sector workers), versus Paycor's tighter focus on 10-1,000-employee SMB/mid-market accounts in verticals like healthcare, manufacturing and restaurants.
1 product reviewed on TopReviewedGusto undercuts Paycor at the very-small-business end with self-serve pricing and contractor-friendly payroll, without Paycor's dedicated implementation and HR-advisory services aimed at the 50-1,000 employee band.
Rippling bundles IT/device management and finance/spend tools alongside HR and payroll in one system of record — a broader, pricier platform play than Paycor's payroll/HCM-centric product.
UKG leans harder into large-enterprise and complex workforce-management/scheduling depth (inherited from the 2020 Kronos merger), while Paycor targets the smaller end of mid-market with a lighter-weight, faster-to-deploy HR and payroll suite.
1 product reviewed on TopReviewedBambooHR is HRIS-first — onboarding, performance and people data — with US payroll as a newer bolt-on, while Paycor built payroll as its foundation and layers HCM modules on top of it.
1 product reviewed on TopReviewedWorkforce.com is built specifically around shift scheduling and compliance for hourly/frontline workforces (retail, hospitality) with payroll layered on top, versus Paycor's broader suite covering both salaried and hourly employees.
1 product reviewed on TopReviewedKey milestones in Paycor's history, with sources.
Paychex completes $4.1B acquisition of Paycor
Paychex completed its all-cash acquisition of 100% of Paycor for $22.50 per share, valuing the deal at approximately $4.1 billion; Paycor was delisted from Nasdaq.
pymnts.comPaychex agrees to acquire Paycor for $22.50/share (~$4.1B)
Paychex, Inc. and Paycor HCM, Inc. entered a definitive merger agreement for Paychex to acquire Paycor in an all-cash deal at $22.50 per share, an enterprise value of approximately $4.1 billion.
sec.govIPO on Nasdaq (PYCR) — $23.00/share, ~$425.5M raised
Paycor priced its IPO at $23.00 per share (18.5 million shares), with shares beginning to trade on the Nasdaq Global Select Market under ticker PYCR; expected gross proceeds of approximately $425.5 million.
paycor.com$270M growth investment led by Neuberger Berman and QIA
Paycor received commitments for $270 million in new investment co-led by Neuberger Berman and the Qatar Investment Authority, with participation from ClearBridge Investments, Franklin Templeton, Leumi Partners and Teca Partners, while remaining backed by Apax Partners.
paycor.comApax Partners acquires majority stake for $1.3B
Funds advised by Apax Partners LLP acquired a majority stake in Cincinnati-based Paycor for $1.3 billion, the private-equity investment that preceded Paycor's 2021 IPO.
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