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Further extending its leadership in workforce management, Kronos® Incorporated today announced that it has acquired the assets of time and attendance software vendor Stromberg from Paychex, Inc. (Nasdaq: PAYX) in a cash transaction.
http://www.kronos.com/pr/Kronos-Acquires-Stromberg-from-Paychex.aspx
Low Sweat Investing submits:The stock of Paychex (PAYX) the nations leading payroll processor and H.R. services supplier to small businesses, took a swift beating a couple of weeks
SAN FRANCISCO (MarketWatch) -- Paychex Inc. on Wednesday reported a fiscal first-quarter profit of $123.6 million, or 34 cents a share, on revenue of $500.2 million. During the same period a year ago, the payroll and human resources technology company earned $148.7 million, or 41 cents a share, on
http://www.marketwatch.com/story/paychex-reports-17-earnings-drop-2009-09-23?siteid=rss
The spice merchant posts a nice boost in earnings thanks to its gobbling up of an erstwhile competitor.
Total : 51 View more »
Oct 26, 2009 (Close-Up Media via COMTEX) --
Paychex announced new leadership roles for two long-time senior sales managers in its Human Resource Services division.
- Janice A. Nearen-Bell has been named the company's vice president of Human Resource Services (HRS) Sales for the Northern United States. Nearen-Bell, a 26-year veteran of Paychex, had served as area vice president of HRS Sales since 2006.
- Lonny C. Ostrander has been appointed vice president of Human Resource Services Sales for the Southern United States. Ostrander, who joined Paychex in 1990, most recently served as area vice president of HRS Sales, a position he assumed in 2005.
Additionally, Nearen-Bell and Ostrander have been named officers of the company.
"Janice and Lonny are extremely experienced members of the Paychex senior management team, and they are well-prepared to take on the broader responsibilities that come with these assignments," said Jonathan J. Judge, Paychex president and CEO. "I am pleased to recognize their contributions and offer them these new opportunities."
Paychex is a provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Tags: ceo contributions president sales tax united states
Companies: Paychex, Inc. (PAYX)
Oct 26, 2009 (Close-Up Media via COMTEX) --
Paychex announced new leadership roles for two long-time senior sales managers in its Human Resource Services division.
The Company said that Janice A. Nearen-Bell has been named the company's vice president of Human Resource Services (HRS) Sales for the Northern United States. Nearen-Bell, a 26-year veteran of Paychex, had served as area vice president of HRS Sales since 2006.
Lonny C. Ostrander has been appointed vice president of Human Resource Services Sales for the Southern United States. Ostrander, who joined Paychex in 1990, most recently served as area vice president of HRS Sales, a position he assumed in 2005.
Additionally, Nearen-Bell and Ostrander have been named officers of the company.
"Janice and Lonny are extremely experienced members of the Paychex senior management team, and they are well-prepared to take on the broader responsibilities that come with these assignments," said Jonathan J. Judge, Paychex president and CEO. "I am pleased to recognize their contributions and offer them these new opportunities."
Nearen-Bell and Ostrander succeed Tony Tortorella, who has left Paychex to pursue other opportunities.
Paychex is a provider of payroll, human resource and benefits outsourcing solutions for small- to medium-sized businesses.
More Information:
www.paychex.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Tags: ceo contributions president sales united states
Companies: Paychex, Inc. (PAYX)
ROCHESTER, N.Y., Oct 20, 2009 (BUSINESS WIRE) --
Paychex, Inc. today announced new leadership roles for two long-time senior sales managers in its Human Resource Services division.
Janice A. Nearen-Bell has been named the company's vice president of Human Resource Services (HRS) Sales for the Northern United States. Nearen-Bell, a 26-year veteran of Paychex, had served as area vice president of HRS Sales since 2006.
Lonny C. Ostrander has been appointed vice president of Human Resource Services Sales for the Southern United States. Ostrander, who joined Paychex in 1990, most recently served as area vice president of HRS Sales, a position he assumed in 2005.
Additionally, Nearen-Bell and Ostrander have been named officers of the company.
"Janice and Lonny are extremely experienced members of the Paychex senior management team, and they are well-prepared to take on the broader responsibilities that come with these assignments," said Jonathan J. Judge, Paychex president and CEO. "I am pleased to recognize their contributions and offer them these new opportunities."
Janice A. Nearen-Bell joined Paychex as a sales representative in 1983, the year the company went public, and went on to hold various management positions with Paychex. Nearen-Bell earned a Bachelor of Science degree in marketing from the University of Massachusetts in Boston.
Lonny C. Ostrander, a 19-year veteran of the company, also began his Paychex career as a sales representative, and then advanced into several management roles. Ostrander majored in psychology at the University of South Florida in Tampa.
Nearen-Bell and Ostrander succeed Tony Tortorella, who has left Paychex to pursue other opportunities.
About Paychex
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex(R). Human resource services include 401(k) plan recordkeeping, health insurance, workers' compensation administration, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices and serves over 554,000 payroll clients nationwide. For more information about Paychex and our products, visit www.paychex.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6077768&lang=en
SOURCE: Paychex, Inc.
Media Paychex, Inc. Laura Saxby Lynch, 585-383-3074 Director, Corporate Communications lsaxbylynch@paychex.com
Tags: 401k business career ceo contributions health insurance marketing massachusetts nasdaq new_york president products psychology sales science tax united states
Companies: Paychex, Inc. (PAYX)
Oct 19, 2009 (Datamonitor via COMTEX) --
Kronos, a provider of workforce management solutions, has acquired the assets of time and attendance software vendor Stromberg from Paychex, in a cash transaction.
The acquisition reportedly extends Kronos's expertise in workforce management, further strengthens Kronos position in the mid-market, and complements the company's strengths in a range of vertical markets. Kronos will continue to support the acquired customers through a dedicated team of Stromberg employees.
Stromberg was founded in 1989 and was purchased by Paychex in 2004. The company operated as a standalone division within Paychex with its own sales, support, and development teams.
Stromberg's 1,400 customers mainly include US-based organizations in industries such as retail, hospitality, and not-for-profit. Customers include A&P Supermarkets, Bacardi Bottling, Cambridge Quality Care, Hillsborough County School District, Hudson Bookstores, Office Depot, PetCo, and Universal Studios. Stromberg was a mid-market vendor, delivering time and attendance software to organizations with 250-1,500 employees.
Aron Ain, CEO of Kronos, said: "Kronos has a long history of financial stability and sustainable growth, which allows us to continually invest in product and services innovation for our customers. We welcome Stromberg customers to the Kronos customer community. We are committed to helping these organizations achieve even greater value in the areas of controlling labor costs, minimizing compliance risk, and improving workforce productivity."
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Tags: acquisition ceo labor market productivity profit retail sales software
Companies: Paychex, Inc. (PAYX)
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If Paychex can post double digit growth, there considerable upside from current share price levels.
http://stocks.investopedia.com/stock-analysis/2009/Paychex-Needs-A-Raise-PAYX-ADP-HEW0930.aspx
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Employees make your business. And Paychex® makes it their business to make paying your employees as simple and accurate as possible. Payroll services through Paychex provide you with
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Paychex offers payroll and payroll tax services, HR services, 401(k) plans, insurance and time and labor solutions. Receive a free payroll quote.
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