Reuters: Technology News: Online payroll company Paylocity selects banks for 2014 IPO -sources

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Compare Hotels Find great prices for amazing hotels wherever your next destination may be. It's simple to search 100+ sites at once! From our sponsors

Online payroll company Paylocity selects banks for 2014 IPO -sources Oct 18th 2013, 21:03 Share this Email Print Reprints By Olivia Oran Fri Oct 18, 2013 5:03pm EDT (Reuters) - Paylocity, an online payroll and human resources software company, has picked banks for an initial public offering that could come next year, according to two sources familiar with the matter. The Arlington Heights, Illinois-based company has hired Bank of America Corp, Deutsche Bank AG and William Blair to lead the deal which could raise around $100 million, the sources said. Paylocity and William Blair could not be reached for comment. Bank of America and Deutsche Bank declined to comment. Paylocity, which was founded in 1997, has more than 10,000 customers nationwide. Its competitors include Automatic Data Processing Inc and Paychex Inc. The company generates around $55.1 million in revenue, according to Crain's Chicago Business. (Reporting by Olivia Oran; editing by Andrew Hay) Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions