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article by adding citations to reliable sources . unsourced material may be challenged and removed . october 2016 learn how and when to remove this template message paychex inc. type public traded as nasdaq payx s & p 500 component industry business process outsourcing founded 1971 1971 founder b. thomas golisano headquarters penfield new york area served continental u.s. and germany key people b. thomas golisano chairman martin mucci president and ceo efrain rivera cfo 1 services payroll services tax filing and tax credit services 401 k and employee benefits insurance solutions hr administration and compliance revenue us 2 326.2 million 2013 2 us 2 229.8 million 2012 2 operating income us 904.8 million 2013 2 us 853.9 million 2012 2 net income us 569.0 million 2013 2 us 548.0 million 2012 2 total assets us 6 163.7 million 2013 3 us 6 479.6 million 2012 2 total equity us 1 773.7 million 2013 3 us 1 604.5 million 2012 2 number of employees 12700 2014 4 website www.paychex.com paychex inc. is a provider of payroll human resource and benefits outsourcing solutions for small to medium sized businesses . with headquarters in penfield new york the company has more than 100 offices serving approximately 580 000 payroll clients as of may 31 2014 . history edit headquarters in penfield new york paychex was founded by tom golisano in 1971 . golisano started the company with 3 000 . 5 the operation grew to include 18 franchises and partnerships which were eventually consolidated into one private company in 1979 . in 1983 paychex went public and began trading on the nasdaq stock market . since then paychex has registered a record of steady growth . in fiscal 2013 paychex revenues exceeded 2.3 billion . on december 9 2010 paychex announced its intention to acquire surepayroll . 6 the acquisition was completed on february 9 2011 for 115 million cash . 7 chief executives name tenure tom golisano 1979 october 2004 jonathan j. judge october 2004 july 2010 martin mucci october 2010 present references edit payx profile for paychex inc . yahoo finance . sunnyvale california yahoo . retrieved 2012 08 30 . a b c d e f g h paychex inc 2013 annual report form 10 k xbrl . united states securities and exchange commission . july 22 2013 . a b paychex inc 2014 q3 quarterly report form 10 q xbrl . united states securities and exchange commission . march 26 2014 . paychex incorporated 2014 07 22 form 10 k for the fiscal year ended may 31 2014 washington d.c. u.s. securities and exchange commission file 000 11330 film 14987065 retrieved 2015 04 21 golisano built paychex into a success story . rochester business journal . fpaychex announces acquisition of surepayroll . 2010 12 09 . retrieved 26 may 2011 . surepayroll bought by rival paychex for 115m . crain s chicago business . 2010 12 13 . retrieved 26 may 2011 . external links edit official site business data wolfram alpha fundamentals & financials sec filings companies portal v t e companies of the nasdaq 100 index 21st 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