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Founded in 1997 and publicly traded since 2014, Paylocity has consistently been recognized nationally for its innovation, culture, and growth [citation needed]. The company was founded as Ameripay Payroll Ltd. by Steve Sarowitz in 1997. [3] It was renamed Paylocity in December 2005.
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Sarowitz owned 44% of Paylocity at its IPO in March 2014, and 28% in April 2019. [2]Sarowitz has donated hundreds of millions of dollars to charity and plans to donate most of his wealth in the next decade.
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