An S&P 500 firm has opened the doors to its new North Texas digs—its second-largest outside of its Oklahoma City headquarters.
Paycom Software, a payroll processing and human resources solutions firm, has opened a new operations center in Grapevine, with room for future growth in the region.
“As we continue to grow, it is vital for us to attract and retain dedicated talent to develop cutting-edge products, deliver outstanding customer service, and transform how people do business,” said Chad Richison, Paycom founder and CEO, in a statement.
Consolidating operations across DFW
Construction on the 150,000-square-foot, 14-acre campus—which features amenities like a fitness center with trainers and sports leagues, personal wellness coaches, and a cafeteria with subsidized lunches—began in 2019 with the aid of $5 million in tax incentives from the city of Grapevine. The new office, which also includes a data center for the company, is designed to concentrate Paycom’s operations in North Texas, which were previously spread across offices in Fort Worth, Farmers Branch, and Lewisville.
Paycom, which has clients in every state, expects to have around 1,000 employees at the new Grapevine offices by the end of the year, with The Dallas Morning news reporting that about half of that number is working there already. The campus is across the street from Kubota’s North American headquarters and houses teams from multiple Paycom departments, including technology, human resources, and corporate functions.
At a ceremony marking the opening of the new office, Richison said the campus will eventually include a second building, the DMN reports.
Paycom surpasses $1B in annual revenue
The opening of the Grapevine office comes as Paycom is seeing record growth. Last year the company reported more than $1.05 billion in revenue, an increase of more than 25% from 2020. During the same period, it reported growing its head count by 28%, bringing its total workforce to nearly 5,400. Paycom was founded in 1998 and went public on the New York Stock Exchange in a $99.7 million IPO in 2014. The company joined the S&P 500 in early 2020.
“Strong demand continues to boost our sales momentum and record new client sales in 2021 have positioned us to deliver another year of rapid growth in 2022,” Richison wrote in Paycom’s 2021 annual report to investors. “To meet the robust demand for our product and support our high expectations for long-term future growth, we will continue to recruit top talent and invest in our technology, marketing and world-class customer service.”
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